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USDA Modestly Raises Forecast For Russian Federation's Sunflower Oil Exports

The US Department of Agriculture (USDA) raised its forecast for Russian sunflower oil exports in the 23-24 agricultural year from 4.275 MMT to 4.3 MMT. The department reported this in its January report. Remember that the agricultural year starts in a different month in every country, unlike the calendar year. For instance, in Russia, the laws governing oilseeds and the products made from them are modified every September.

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USDA Modestly Raises Forecast For Russian Federation's Sunflower Oil Exports

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  1. USDA Modestly Raises Forecast For Russian Federation's Sunflower Oil Exports The US Department of Agriculture (USDA) raised its forecast for Russian sunflower oil exports in the 23-24 agricultural year from 4.275 MMT to 4.3 MMT. The department reported this in its January report. Remember that the agricultural year starts in a different month in every country, unlike the calendar year. For instance, in Russia, the laws governing oilseeds and the products made from them are modified every September. Tradologie.com is a user friendly SaaS based global trade hub and your streamlined solution for B2B rice procurement and sales. Connect with global bulk sunflower oil buyers or bulk sunflower oil sellers, bypass middlemen for higher profits, and secure the best bulk prices effortlessly. Simplify your rice sales or procurement with Tradologie.com. Sunflower Oil Exports From Russia The estimate exceeds the amount for the same period of the agricultural year 2022–2023 by 250 thousand tons. The implementation of projects to increase the nation's capacity for oil extraction in recent years is linked to the increase in both the forecast and the outcome. As a result, Russia, will continue to rank second globally in terms of exporting this commodity, according to the USDA. Ukraine will lead with 5.7 MMT (5.683 MMT in the agricultural year 2022- 23). The estimate for exports of Russian meal has also been raised to 2.65 MMT. A similar amount was sold in the previous agricultural year, 2.55 MMT, was the previous expectation. This processed product is also among the most popular Russian exports.

  2. Agricultural Production In Russia The US Department of Agriculture also evaluated the production and export of these products, as well as the raw material crop, sunflower. Russian oil production is expected to have reached 6.815 MMT since the start of the agricultural year, compared to an earlier estimate of 6.774 MMT and an indicator of 6.484 MMT in the 2022–2023 agricultural year. The projected production of meal was raised to 6.78 MMT, which represents a 39 thousand tons increase over the previous month and a 327 thousand tons increase over the previous agricultural year. In contrast, the projected yield of Russian sunflower dropped from 17.5 to 17.1 million, which is an increase of 846 thousand over the 2022–2023 growing season. The export estimate dropped as well, from 550 thousand to 450,000 thousand, respectively. If you are a sunflower oil importer wishing to import sunflower oil in bulk or a sunflower oil exporter willing to export bulk sunflower oil, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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