Oil World forecasts that in 2024/25, the supply of 17 major oils worldwide will increase by 1.6 million tons compared to the 8.8 million tons in 2023/24.
Strategie Grains has once again lowered its forecast for the EU sunseed production in 2024/25 from 8.9 million tons to 8.8 million tons, which is 11% less than in 2023/24.
According to FranceAgriMer data, as of October 21, 2024, 21% of winter wheat planting in France was completed (+11% over the week and 47% of the five-year average).
As of October 24, 2024, 94% of sunseed areas in Ukraine have been harvested, yielding 9.54 million tons of production with an average yield of 2.46 tons per hectare.
The unseeded area for winter crops in Russia may reach 1.5 million hectares out of the planned 20 million hectares. The grain production in 2025 is not expected to exceed 120 million tons.
According to a forecast by FAS USDA, Saudi Arabia's wheat imports in 2024/25 are expected to reach 4.25 million tons (compared to 4.16 million tons in 2023/24).
IKAR forecasts Russia's wheat production for 2024/25 to be between 81 and 85 million tons, leaning towards 85 million tons (compared to 81.8 million in 2024).
As of October 17, 2024, Ukraine harvested 9.428 million hectares of grain crops (85% of all sown areas, or 11.116 million), collecting 42.806 million tons of grain with an average yield of 4.54 tons/hectare.
As of 01.10.2024, 50.5% of Russia's sunseed areas have been harvested, yielding 8.8 million tons. The forecast for the total production is 17.1 million tons.
