# Global Markets: Oilseeds – Lower Sunflower Seed Production in Ukraine, Russia Tightens Global Supplies

> Dry weather in Ukraine and Russia has cut the combined sunflowerseed forecast by 5.5 million tons since May, leaving global output 5.3 million tons below 2019/20. Declines are also forecast for the EU, Kazakhstan, Turkey and Argentina, though the global crop remains the third largest on record.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/50276-global-markets-oilseeds-lower-sunflower-seed-production-in-ukraine-russia
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Russia and Ukraine supply over three-quarters of traded sunflower meal and oil, so the shortfall tightens global protein meal and vegetable oil supplies. Meal and oil prices are likely to stay firm.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-09-16 | [Lower forecasts for sunflower production in Russia support purchase prices in Ukraine](https://feedsoft.ai/events/45177-lower-forecasts-for-sunflower-production-in-russia-support-purchase-prices-in.md) | -1.5% | +5.3% |
| SBO | 2024-09-06 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28427-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -2.7% | +1.0% |
| SBO | 2024-09-09 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28425-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -1.3% | +2.0% |
| SBO | 2023-07-12 | [In the new season sunseed production in Ukraine will be lower than expected](https://feedsoft.ai/events/35164-in-the-new-season-sunseed-production-in-ukraine-will-be-lower-than-expected.md) | -3.6% | -2.6% |
| SBO | 2022-10-10 | [Ukrainian Crushers Face Tight Supply of Sunflower Seeds](https://feedsoft.ai/events/39251-ukrainian-crushers-face-tight-supply-of-sunflower-seeds.md) | +1.3% | +8.5% |
| PALMOIL | 2022-12-18 | [Tight grain, oilseed supplies to keep prices elevated - BusinessWorld Online](https://feedsoft.ai/events/8467-tight-grain-oilseed-supplies-to-keep-prices-elevated-businessworld-online.md) | -0.6% | +1.5% |
| PALMOIL | 2025-02-26 | [Palm oil supplies to remain tight for next 2-3 months - Markets - Business Recorder](https://feedsoft.ai/events/26150-palm-oil-supplies-to-remain-tight-for-next-2-3-months-markets-business-recorder.md) | -5.5% | -2.7% |
| PALMOIL | 2021-10-25 | [Palm rebounds on tight supply concerns, rival oil strength - Markets - Business Recorder](https://feedsoft.ai/events/44664-palm-rebounds-on-tight-supply-concerns-rival-oil-strength-markets-business.md) | +0.3% | +1.2% |

## Sources

- tridge.com: https://www.tridge.com/news/global-markets-oilseeds-lower-sunflower-seed-produ

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