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Coceral's first 2020 estimates put European sunflower seed production at 10.74 million tonnes, down 1.6% from last year. Planted area is expected to rise to 4.81 million hectares, but yields are forecast to fall to 22.3 tonnes per hectare from 22.8.
France is expected to rise 7.4%, while Bulgaria and Romania face lower yields.
A small decline in European sunflower output tightens supply for sunflower meal, which can support prices for European feed buyers. The effect is modest because France's expected gain offsets part of the drop.
mundus-agri.euFeb 27, 2020Not 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.
