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International Grains Council Raises World Sunflower Crop Estimate

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International Grains Council Raises World Sunflower Crop Estimate

IGC forecasts sunflower production in the 2023/24 season at 56.9 million tons, surpassing previous seasons' results.

21 July 2023

Analysts from the International Grains Council (IGC) announced an estimate of global sunflower production in the 2023/24 season at 56.9 million tons, which is 2.8 million tons more than in 2022/23 MY, and also 700 thousand tons more than the final result of 2021/22 MY.

According to experts, the adjustments took place against the backdrop of improved crop prospects in Ukraine and in the EU countries due to favorable weather conditions for the development of crops.

In addition, the IGC notes that in the 2023/24 agricultural year, European agricultural producers will be able to harvest about 10.5 million tons of sunflower (+14% compared to 2022/23 MY). Ukraine is expected to harvest 15.3 million tons of this crop (+9%), however, experts emphasize that the forecast for this region "is vague, given the ongoing conflict."

According to IGC estimates, Russia will again remain the world's leading sunflower producer in the new season, which will once again receive 16.4 million tons of oilseeds.

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International Grains Council Raises World Sunflower Crop Estimate

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