Production of sunflower oil since the beginning of season to February increased by 25%
Negative on the market can make possible increase of export duties on sunflower
The drop in futures quotations of palm oil and fears of weakening demand due to the outbreak of the novel coronavirus has reduced prices on crude sunflower oil from Russia.
In the Moscow region completed harvesting of oilseed crops — rapeseed and mustard, the gross harvest amounted to 48.3 thousand tons, said the press service of the Ministry of agriculture and food of Moscow region.
In January-September 2019 production of crude sunflower oil and its fractions has increased by 20% yoy and amounted to 3.7 million tons, according to the Federal state statistics service (Rosstat).
Agricultural enterprises as of October 2, the collected 10,887 million tonnes of sunflower seed square 4674 thousand hectares.
In the first place by a wide margin, came out of Iran
In August of that year the Russian agricultural companies have implemented 126,8 thousand tons of sunflower, which is four times more than in August 2018. The Agency said Grain Online, citing Rosstat.
Average at the edge of the yield of oilseeds to 18.6 quintals per hectare.
Most agricultural products sold in Asia. Exported mainly corn
Processing plant 80 tons of sunflower will run at full capacity before year-end in the Altai district
The butter factory in the regional center of Kulunda of Altai Krai will be loaded at full capacity after harvest of sunflower in 2019, said Wednesday the Agency "Interfax-Siberia" the head of the district Sergey Belugin during the visit of the Governor of the region Victor Tomenko in the district.
The Ministry of agriculture of Krasnodar region gave an optimistic forecast for the harvest yield.
According to the fat and oil Union, for the six months 2019 Russia sent abroad 266 thousand tons of sunflower, while in the same period last year the volume of exports did not exceed 90 thousand tons. If the current pace of external shipments continue, until the end of this year, exports of sunflower can reach 700 thousand tons, writes "Agroinvestor", referring to the opinion of the Executive Director mzhs Mikhail Maltsev.
Canola (Oilseed Brassica napus) ranks second among major oilseed crops after soybeans, which dominates world production. It is an important crop in most grain growing regions of Australia, which accounts for more than half of all Australian oilseed products, including soybeans, cotton seeds, peanut and sunflower
In January-July this year, Ukraine produced 3.25 million tonnes of crude sunoil, which is 17.3% higher than in the same period a year earlier. About August 23 I reported a press-service of the State statistics service of Ukraine.
On Friday, August 23, from station Penza-4 in China set off a freight train with sunflower oil. Expect 500 tons of oils intended for feed production, will arrive in Chongqing after 20 days. The development of export potential of the region is conducted under the national project "Small and medium entrepreneurship and support of individual business initiative".
Futures on the black sea sunflower oil will begin from August 26, 2019
The Federation Council at session on Friday, July 26, approved a law abolishing the reduced rate of VAT for palm oil and increasing it to 20%, according to the Agency TASS. Norm was adopted as an amendment to the second reading of the bill to reduce the VAT rate for fruit production to 10%.
As can be seen from the July report of the us Ministry of agriculture (USDA), the world's supply of sunflower seeds at the end of the 2019/2020 season (September-August) will be reduced by more than 20% - to 2.6 million tons.
According to Rosstat, from January to may 2019, Russia sent for export 157 thousand tons of sunflower seeds.