According to a private estimate by a Russian analyst, the export of sunseed oil from Russia will reach a record 3.7 million tons in 2021/22, which is 25% more than the previous year.
In 2021/22, the areas sown with the 10 main oilseeds in the world will increase by 7.5 million hectares to 306 million hectares and production is projected to increase by 24.1 million tons.
In its September report, analysts from the IGC forecast a world's corn production in 2021/22 of 1.208 million tons (1.202 in August and 1.127 in 2020/21).
In their September report, Oil World raised their forecast for the soybean production in South America for 2021/22 by 1.1 million tons to 207.3 million tons, which is 12 million tons more than 2020/21.
According to the forecast of the Association of Corn Producers in Brazil, the first corn production in the country will reach 32 million tons in 2021/22, which is 7 million tons more than the previous year.
Exports of barley and corn from Ukraine are significantly higher than last year. According to APK-Inform, the price of sunseed in Ukraine is rapidly rising.
