# USDA raised the forecast for Ukrainian sunflower oil

> USDA's February report raised its forecasts for Ukrainian sunflower oil exports to 3.85 million tonnes, sunflower meal exports to 3.2 million tonnes, and sunflower seed exports to 2.65 million tonnes. The increases reflect higher processing and strong demand, particularly from China.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: report · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/37435-usda-raised-the-forecast-for-ukrainian-sunflower-oil
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Larger expected Ukrainian sunflower meal and oil supplies add bearish pressure to vegetable oil and meal prices, partly offset by strong import demand.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-10-16 | [USDA improved the forecast for Ukrainian sunflower oil](https://feedsoft.ai/events/33751-usda-improved-the-forecast-for-ukrainian-sunflower-oil.md) | +2.4% | -0.3% |
| SBO | 2024-04-01 | [The Grain Council raised the forecast for the world sunflower harvest by 600 thousand tons](https://feedsoft.ai/events/30847-the-grain-council-raised-the-forecast-for-the-world-sunflower-harvest-by-600.md) | +0.2% | -5.4% |
| SBO | 2017-05-15 | [USDA: Sunflower oil production in Ukraine will reach 5.63 mln. tonnes in the current season](https://feedsoft.ai/events/71118-usda-sunflower-oil-production-in-ukraine-will-reach-5-63-mln-tonnes-in-the.md) | +1.3% | -2.1% |
| SBO | 2017-05-12 | [Ukraine could beat own record in sunflower oil exports](https://feedsoft.ai/events/71119-ukraine-could-beat-own-record-in-sunflower-oil-exports.md) | +0.5% | +0.1% |
| SBO | 2021-08-12 | [USDA lowers forecasts for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/45445-usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -2.3% | -9.7% |

## Sources

- tridge.com: https://www.tridge.com/news/usda-raised-the-forecast-for-ukrainian-sunflower-o

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.