07/03/2014 (UkrAgroConsult) - A bottoming out of sunflower seed and oil prices could be on the horizon as the current political crisis in Ukraine may cast a level of doubt over its exporting volumes. Although initial reports suggest the gains and oilseeds industry has been unaffected so far, the situation remains volatile and things could change very quickly.


Malaysian palm oil production and stock levels are forecasted to fall by 14 percent month-on-month to 1.29 million metric tonnes and 1.86 million metric tonnes each. The research house has trimmed its palm oil output and stock levels numbers following comments by panellists at the palm oil conference that ended in Kuala Lumpur Wednesday.


Dry weather in Southern Brazil (Rio Grande do Sul and Paraná) combined with the excess of rains in Mato Grosso have made Safras & Mercado, a Porto-Alegre based consultancy, change its projection for corn and soybean production in the country. According to Safras & Mercado, the soybean production would be 86.1 million tons, while the January forecast for the soybean output was 91.8 million tons. The losses in the state of Paraná alone would be 1.7 million tons.


Rains have increased wetness problems across north-western Brazil, stalling soybean harvesting, and additional delays are expected there this week.