According to Refinitiv's forecast, wheat areas in Russia will be 28.26 million hectares in 2021 (29.4 million hectares in 2020). With an average yield, the wheat production will reach 78.6 million tons.
In March, a record 498,000 tons of sunseed oil were exported from Russia (+71% compared to February and +5% compared to the previous record of 575,000 tons set back in August 2020).
Over the period of January - April, 1.74 million tons of sunseed oil were exported from Ukraine, which is 31% less than the previous year or -2.53 million tons.
SovEcon raised its forecast for the wheat production in Russia in 2021 from 80.7 million tons to 81.7 million tons. Growth is mainly due to the larger wheat areas in Russia.
According to the forecast of Atria Brokers, the world's total sunseed production will reach 57 million tons in 2021/22, which is 7 million tons higher than 2020/21.
According to the forecast of Ukroliyaprom, oilseed production in Ukraine will reach 21.2 million tons in 2021, including sunseed production of 15.3 million tons, soybean production of 3.1 million tons and rapeseed production of 2.8 million tons.
