Ukraine sunflower yield drops 11% yoy as of Oct. 22
26 September 2017
Ukrainian farmers harvested 4.8 mmt of sunflower seeds
from an area of 2.6 mln ha, implying a yield of 1.85 t/ha, the Agrarian
Ministry reported on Sept. 22. That yield is 11% less than a year ago (2.08
t/ha as of Sept. 19), when farmers harvested 5.0 mmt of sunflower from 2.4 mln
ha. The total area of planted sunflower is about 5.9 mln hectares, about the
same level as last year when the total sunflower harvest was 13.6 mmt at an
average yield of 2.24 t/ha.
Andriy Perederey: The preliminary harvest results suggest the sunflower seed harvest
will be at least 10% lower yoy this season. In turn, that means higher seed
prices in Ukraine and the risk that sunflower oil producers won’t be able to
fully pass cost inflation onto its customers. Therefore, the risk is rising
that large sunflower oil producers like Kernel (KER PW) will face lower margins
from oil next season.
will be at least 10% lower yoy this season. In turn, that means higher seed
prices in Ukraine and the risk that sunflower oil producers won’t be able to
fully pass cost inflation onto its customers. Therefore, the risk is rising
that large sunflower oil producers like Kernel (KER PW) will face lower margins
from oil next season.
