Bloomberg News

Sunflower Seed Output Seen at Record After Other Crops Damaged

May 15, 2012

Global sunflower seed production may climb to a record for a second straight year as European farmers replant fields this spring with the oilseed after winter crops were damaged, Oil World said.

World output of the oilseed may rise to 39.01 million metric tons in the 2012-13 crop year, above the previous record of 38.83 million produced a year earlier, the Hamburg-based researcher said today in a report. France, Romania, Bulgaria and Hungary may plant record sunflower seed acreage, while sowing in Russia and Ukraine may be “sharply above the government estimates,” Oil World said.

“In many countries damage to winter crops (grains and rapeseed) resulted in acreage abandonment, a large part of which is now being replanted this spring with sunflowers or corn,” the researcher said.

Crops in Russia and Ukraine still may be at risk because of above normal temperatures and lack of rain in recent weeks, Oil World said. If dry weather persists in the next two months production is at “a high risk” of being lower than forecast, according to the report.

Sunflower seed futures traded in Johannesburg climbed 8.4 percent this year by yesterday.

To contact the reporters on this story: Whitney McFerron in London at wmcferron1@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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