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Black Sea Sunflower Seed Exports Seen Jumping 25% by Oil World

Sunflower-seed exports from the Black Sea region are predicted to jump 25 percent in 2013-14 as increased supplies in Balkan countries and pricing boost buying interest, Oil World said.

Shipments of the oilseed from six countries around the Black Sea led by Bulgaria may rise to 3.14 million metric tons in the year through August 2014 from 2.5 million tons in the previous season, the Hamburg-based oilseed researcher said.

“The sharply increased export supplies of the Black Sea countries and the attractive prices have already attracted considerable buying interest from Pakistan, the United Arab Emirates, South Africa and others,” Oil World wrote.

Bulgaria is expected to be the region’s biggest exporter this season, with sunseed sales climbing to 1.2 million tons from 966,000 tons in 2012-13, followed by Romania with 1 million tons from 744,000 tons and Hungary with 500,000 tons from 405,000 tons, according to Oil World.

Most sunflower seed from the region will be shipped to the European Union, 2.05 million tons from 1.79 million tons a year earlier, according to Oil World. Exports to Pakistan are forecast to be about 300,000 tons from “virtually nil” last season, the researcher said.

Turkey’s imports of sunseed from the region will decline to 550,000 tons from 605,000 tons on a bigger domestic harvest, according to the report.

“The record domestic sunseed crop is likely to keep Turkish demand for imported sunseed in check this season,” the researcher wrote. “Benefiting from the reduced Turkish purchases, sunseed exports of the Black Sea countries to the EU are seen recovering.”

Growing sunseed processing industries in Russia and Ukraine will limit exports from the countries, Oil World said.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Whitney McFerron at wmcferron1@bloomberg.net

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