Oilseeds - Oilseeds

Sunflower seeds: EU crop takes another blow

December 1, 2022 at 9:08 AM , Der AUDITOR
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SOFIA/KYIV. The European Commission drastically cut its estimate for the 2022 EU sunflower seed crop in its latest report at the end of November. Meanwhile, demand for Chinese sunflower seeds is lower than last year, and yet prices are rising.

EU estimate drops well below 10 million mt

Last week the EU Commission significantly lowered its sunflower seed forecast. At 9.32 million mt, this year's crop would be significantly below original expectations, and also below the 5-year average of 9.996 million mt. Heat and drought during the summer months took their toll. As a result, the crop figures for Romania and Hungary in particular were recently reduced once again, so that the difference to last year now leaves a gaping hole. Romania's sunflower seed crop declined by 20% year-on-year

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