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The European Commission raised its 2022-23 EU sunflower seed import forecast by 300,000 tonnes to 1.80 million tonnes. Imports have surged sixfold year on year, mostly from Ukraine, which is selling at a two-year low of $485 per tonne.
Heavy EU buying of cheap Ukrainian seed supports EU crush demand and shifts sunflower meal and oil supply, a bearish price signal for Ukrainian seed.
grainpricenews.comMike VerdinDec 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
