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The forecast of sunflower harvest was reduced to 10.3 million tonnes due to slow rate of harvest in the Volga region
The pace of harvesting sunflower at a considerable distance from the last years. On November 1, the culture was removed at 5.3 million hectares (67% of the total area) vs 6.1 mln ha (82%) in 2016
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The lag is mainly due to the Volga region, where threshed only 1.9 million hectares (55%) against 2.9 million ha (86%) last year. A significant part of areas in the region may remain unharvested. In part, this may be offset by harvesting in the spring provided a favorable winter.
 
Against this background, "Sovekon" has reduced the forecast of sunflower harvest in Russia in 2017/18 0.1 million tons to 10.3 million tons against a record 11 million tonnes last year.
 
Against the background of deteriorating species for a new crop in recent weeks started to increase the competition among mills. Last week prices moved to growth after 10 consecutive weeks of losses, strengthening to 16675 RUB/t (EXW European part of Russia, excluding VAT), with 16600 rubles/ton – the lowest level since November 2014. This week, mills continued to gradually raise prices.

Photo: medistok.ru



Translated by service "Yandex.Translation"
Источники: СовЭкон
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