Oct WASDE put global sunflower seed production and consumption in 2024/25 MY slightly higher. Global crop was pegged at 50.7 MMT vs 50.5 MMT LM, which is still 5.4 MMT lower y/y and global consumption – at 51.3 MMT vs 50.9 MMT LM (56.6 MMT LY).

Both revisions were made thanks to Argentina. Oct WASDE upped Argentina’s sunseed both crop and consumption for 2024/25 MY by 200 KMT each – to 4 MMT and 3.5 MMT respectively. Also, analysts put EU’s consumption higher by 150 KMT at 8.75 MMT.

WASDE left steady the forecasts for sunflower seed production in 2024/25 MY for Ukraine – at 12.5 MMT, russia – at 16 MMT and Turkey – at 1.55 MMT.

Global stocks of sunseed were left unchanged – at 2.3 MMT, down vs 3.1 MMT LY.

2024/25 global export Oct WASDE kept at 2.3 MMY, with forecast for Ukraine at 230 KMT, russia – 350 KMT, EU – 400 KMT, Moldova – 330 KMT, and Kazakhstan – 200 KMT. As for import, it is pegged at 2.1 MMT, with forecast for Turkey steady at 450 KMT, China – 200 KMT and the EU – 400 MT.