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Sunflower seeds: official EU crop forecast reduced again

September 4, 2024 at 3:23 PM , Der AUDITOR
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SOFIA/KYIV. With the renewed downward revision, the European Commission's forecasts for the 2024 EU sunflower seed crop are now below 10 million mt. Market players still consider some of the estimates to be too optimistic.

EU forecast falls below 10 million mt

As was to be expected, the European Commission has once again reduced its forecast for EU sunflower seed production in 2024. Although the total production currently still has the potential to be slightly higher than last year's figure, the result would be 2.2% lower at 9.914 million mt compared to the estimates published at the end of July (10.137 million mt). However, further corrections cannot be ruled out.

The harvest is in full swing and the actual extent of the heat damage will only become clear in the coming weeks.

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