2023-01-12 | Massive Ukrainian sunflower seed crop collapse may continue to have a major impact on market activity

The USDA has forecast a total global harvest of 51.3 million MT for the 2022/2023 marketing year. This would be a decline of just over 10% from the 57.32 million MT harvested in the same period last year. Ukraine is the main factor here. A harvest of only 10.1 million is expected in 2022. This would be a decrease of 42 % or 7.4 million MT.

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