The FINANCIAL — According to forecasts, the general production of sunflower seed in Russia in 2011/12 MY in settlement weight will total 9.2 mln tonnes, an increase of 62% compared to the season-2010/11, declared Sergei Makeev, Head of the department of analytics and forecasting of the holding Sunny Foods, at the conference “Oilseeds & Oils – 2011" in Istanbul.
The expert also forecasted the increase of sunflower seed crushing by 57% to the level of 8.42 mln tonnes. Export volumes of sunflower seed from Russia will total 300 thsd tonnes.
In 2011, production volumes of oilseeds in Russia will reach the level of 12.3 mln tonnes including 1.1 mln tonnes of rapeseed and 1.4 mln tons of soybean.
S.Makeev forecasted the general production of sunflower oil in Russia in 2011/12 MY at 3.54 mln tonnes, up 62% compared to the previous season.
Sunflower oil consumption will increase by 11% to the level of 2.3 mln tonnes. The exports will increase in 7 times – to 1.31 mln tonnes against 181 thsd tonnes in 2010/11 MY.
Discussion about this post