Sunflower Kernels – Russia:
Up to now the crop volume of sunflower kernels in Russia was estimated to amount to about. 10 million MT. It is assumed that the reasons for the now discussed rise of the crop estimations may be due to the expanding acreage up to 7.000.000 hectare in combination with the high yield per hectare because of good weather conditions. It is expected to exceed the crop record of more than 10,50 million MT out of the crop year 2013.
On the part of the farmers, priority is more given to the economic efficiency which depends mainly on the development of the prices on the raw material markets. But this cannot be clearly answered at present.
Sunflower Kernels – Ukraine:
It is assumed that the estimated crop value in Ukraine, compared to present forecasts, will significantly rise. Due to favorable weather conditions in 2016, nearly 6 million hectare of cropland could gain average yields of about 2,27 MT per hectare. According to market participants the crop volume is estimated to amount to a record level of more than 13,30 million MT. This raise in crop volume is favorable to satisfy the growing demand of the Ukrainian sunflower oil crushing industry.
Sunflower Kernels – Bulgaria:
The official crop report issued by the Ministry of Agriculture of Bulgaria shows a further reduction of crop land of about 20.000 hectares. Until October it was assumed that this years yield of sunflower kernels will be around 780.000 hectares but according to more recent statistics only 760.000 hectares could have been harvested. This situation leads to a lower crop amount which is only – despite considerable yields of about 2,24 MT per hectare – estimated to about 1,70 million MT. Up to now prices on the raw material markets remained stable.
Sunflower Kernels – USA:
The American aim for greenhouse gas reduction has recently been announced in the Government’s strategic paper. The use of renewable raw materials in the fuel sector is to be further expanded. For this purpose, a new US Standard for fuels is to be set up from 2017 onwards. This consists of a defined energy mix including organic ethanol products, vegetable oils and fossil fuels. The usage of soya oil alone should now be increased by more than 6% by this new decision.
Significant and clear reactions to the stock exchange listings for oilseeds such as soya could be observed. Demand and price increases for soya will inevitably lead to a rise of interest for alternatives such as sunflower oil, which in turn can lead to an impact on the sunflower kernels raw material market.
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