In order to maintain profitable production, sunflower price should be 362-368 EUR / mt. From 2015 until now, sunflower fields in Spain fell by 7% to 690,000 hectares, and the crop of over 13% to 600,000 hectares.

For the first time in the last five years, the EU imposed an import duty on imports of corn, rye and sorghum. The duty is EUR 5.16 per tonne. The action is underpinned by a strengthening of the euro exchange rate and low international prices of the crops.

According to Oil World, on August 3, 5.14 million hectares of wheat were sown in Argentina, which is 0.45 million hectares more than the previous year. 1.3 - 1.4 million hectares of sown areas are over-wetted soils. In the Brazilian state Parana, recent freezes damaged part of the crop. Colds at the end of July will cut the crop of wheat in Paraguay by 30%.