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In 2024/25, global sunflower seed production will fall by a drastic 5.36 million tonnes, with yield reductions in all major producing countries except Argentina. This is predicted by the US Department of Agriculture's Foreign Market Service (FAS USDA) in its October report. The Black Sea region has the most pessimistic outlook. The production of sunflower seeds in Ukraine in 2024/25 will fall by 3 million tons compared to the previous season to 12.50 million tons, and in Russia the yield is 1.1 million tons less - 16, 0 million tons The sunflower harvest in the European Union will be 500 thousand tons weaker than last year's. FAS USDA: World Sunflower Seed Production (million tons) In the period 1-21 October, the price of French sunflower seed rose by EUR 100 to EUR500/t, to EUR600/t CRT St Nazaire (EUR385/t - 20.10.23).

OIL WORLD predicts that in the first half of 2025, oil prices will reach a 3-year high, and sunflower oil will be the leader in price growth.

To protect its farmers from low prices, it increased the rates for oilseeds, including palm oil, by 20 percentage points; it is a market worth more than US$3.5 billion.