Aug WASDE declined global sunseed crop forecast for 2024/25 MT by 2.3 MMT to 52.5 MMT, now 3.4 MMT lower y/y, as production projection was cut for largest producing countries. In particular, for Ukraine forecast was lowered by 1 MMT to 13.5 MM (ASAP Agri at 13.2 MMT), for the EU – by 0.75 MMMT to 10.15 MMT and for russia – by 0.5 MMT to 16 MMT.

Global sunflower seen crush 2024/25 was lowered by 2.15 MMT to 48.7 MMT (52.5 MMT LY). For Ukraine this figure was cut by roughly 1 MMT to 13.15 MMT, for the EU – by 0.75 MMT to 9.05 MMT, russia – by 0.5 MMT to 15.7 MMT.

Ending stocks of sunseed in 2024/25 MT are pegged at 2.46 MMT lower vs 2.6 MMT LM and 2.91 MMT LY. Downward revision was made for the EU and Ukraine – by 90 and 20 KMT respectively. For Ukraine the stocks at 150 KMT are the lowest since 2020/21 MY (96 KMT).