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According to John Sandbakken, the executive director of the (U.S.) National Sunflower Association, Russia and Ukraine together produce around 60 percent of the world's supply of sunflower oil.
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Sunflower prices are stronger than normal for this time of the year as tight beginning seed stocks and strong demand have crush plants searching for seed supplies. Since harvest began, nearby prices have added $1.65 to $2.05 per cwt. Historically, harvest pressure and heavy producer selling have caused prices to fall in the early part of the.
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The World Agricultural Supply and Demand Estimates (WASDE) report was released this week by USDA. USDA left the US soybean supply and demand balance sheet unchanged from February. For soybeans, the US ending stocks were pegged at 315 million bushels, versus the trade's expectation of 319 million bushels. The world ending soybean stocks are.
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As a result of these supply shortages, prices of sunflower seeds and oil have been soaring. According to the FAO, sunflower seed prices reached a record high in March 2022, and were further impacted by export bans of vegetable oils in several countries to prevent domestic shortages, and restrictions by supermarkets on the amount of cooking oil.
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November 21, 2023 at 10:00 PM PST. Listen. 3:02. Sunflower oil vanished from supermarket shelves when Russia invaded Ukraine, sending prices through the roof. Almost two years on, the market is.
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As a shortage of sunflower oil ripples through the global food industry, Unilever said on Thursday that it has altered some of its recipes so it can substitute rapeseed oil instead, a move that.
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The sunflower is Ukraine's national flower, and the seeded blossoms blanket portions of the countryside. Ukraine is the world's top exporter of sunflower oil, producing 46 percent of the global supply of sunflower seed and safflower oil in 2019. While you might not notice anything different at your local supermarket, it's only a matter of.
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The increased want for the oil has also spurred a greater interest in the seeds, and the drive to plant more of the flowers has caused shortage concerns over availability. Additionally, growing global markets also helped spur an increased demand for snack foods derived from sunflower oil, further raising the stakes for this crop.
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Farmers across the country are planting sunflower seeds at a record pace, that's because they're in shorter supply. Now the shortage is impacting a local farmer's business. At L&A Family Farms, Brian Lau is one of the co-owners. He told News 10 his shortage is happening because of the popularity of sunflower oil.
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The United States Department of Agriculture (USDA) has projected that the global sunflower seed output for 2023-24 will be around 54.7 million metric tons (mmt), up 2 mmt from the previous marketing year's production. This is due to increases in Ukraine, a top oilseed sunflower producer, upward revisions of the Argentine crop, and positive prospects in the European Union (EU).
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According to a recent study by Alcock, on average, the equivalent of 2.9 kilograms of carbon dioxide is emitted per kilogram of sunflower oil produced. For rapeseed oil, it is 2.5 kg, palm oil 3.7.
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On Monday at Cargill's West Fargo plant, sunflower oil, pressed from the seeds, was selling for $40 per hundredweight. A year ago January, bids of $20 drew headlines . It's the same story for.
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What about 2024? In USDA's October sunflower production report, 2023 production was forecast at 2.19 billion pounds, down 22% from the revised 2022 production of 2.81 billion pounds. USDA cut 1.77 million pounds from oil sunflower production but added 455,000 pounds to non-oil type production from last year.
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The Cargill plant in West Fargo, N.D., as well as the Cargill plant in Pingree, N.D., listed NQ (No Quote). High-oleic sunflower prices at ADM in Enderlin were listed at $17.70 per hundredweight for delivery in October and $18.10 for November delivery. Cargill in West Fargo listed high-oleic prices at $17.50 per hundredweight for delivery in.
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Oil-type sunflower seed stocks are 53% higher than last year and were in line with trade expectations. Old-crop non-oil sunflower stocks were lowered by 1.3 million pounds from the September report. Non-oil sunflower stocks totaled 25.7 million pounds, with 5.6 million pounds stored on the farm and 20.1 million pounds stored off the farm.
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Her new book offers some answers. The diverse shapes and structures of seeds — including chunky buckeyes (Aesculus californica) and feathery milkweed (Asclepias) — caught the attention of.