Oilseeds - Oilseeds

Sunflower seeds: Romania's crop shrinks by 50%

November 12, 2020 9:51 AM, Der AUDITOR
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SOFIA/MOSCOW. Both the USDA and the European Commission have again revised their crop estimates for the 2020/2021 season downwards. Meanwhile, there are reports circulating in the market, stating that Russia wants to drastically increase export duties on sunflower seeds from January 2021.

Official estimates are continously corrected downwards

The European Commission has recently made significant corrections to this year's crop forecasts. Compared to the September data, the expected result was reduced by around 10% to 8.87 million mt, and the crop is expected to be 13.4% lower year-on-year. While production in Hungary, France and Spain is expected to exceed last year's level, according to current information, Romania's crop result has almost halved compared to last year and in Bulgaria, too, significantly lower production

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