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UkrAgroConsult expects Bulgarian sunflower seed output to rise about 7.5% to around 1.89 million mt in 2017, while Ukraine, Russia and Moldova are expected to fall short of 2016 output. Ukrainian initial offers of $380-385/mt CPT are below last year's levels, and Ukrainian supplies as of 1 June were about 50% higher than a year earlier.
Lower Black Sea sunflower output would tighten the seed supply that feeds sunflower meal, but large carry-over stocks and lower offers point to continued price pressure on sunflower meal in the near term.
mundus-agri.euJun 29, 2017Not 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.
