# Sunflower prices continue to fall despite unchanged production forecasts

> Ukrainian sunflower prices fell further despite USDA holding its global sunflower production forecast at 54.92 million tonnes. Local analysts expect a larger harvest than the USDA, which adds pressure on new-crop sunflower oil prices. Ukraine's sunflower area is seen at 6.8-7 million hectares, and Russia's at about 9.25 million.

- Date: 2021-06-14 · published 2021-06-14T12:00:00.000Z
- Category: market · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/46726-sunflower-prices-continue-to-fall-despite-unchanged-production-forecasts
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expectations of a bigger new crop weigh on sunflower oil values, which feeds through to the price of seed and oil in the sunflower complex.

## Read by commodity

- SBO: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnik-prodovzhuyut-opuskatisya-popri-nezminni-prognozi-virobnitctva.html

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