Post marginally lowers the 2014/15 sunflower area to 1.35 million hectares, based on more accurate planting decisions from the field. With less area in production, Post adjusts 2014/15 sunflower production downwards to 2.43 mmt. The 2014/15 sunflower harvest is underway, with approximately 14 percent of the harvest completed. Rains have delayed the harvest, but yields are better than what analysts anticipated. Initial yield estimates are being reported at 1.82 mt/hectare. Harvests from around the country are indicating good yields, except for those from northern Santa Fe province, plagued by excessive precipitation.

In the Argentine Ministry of Agriculture's release of its final 2014 crush statistics, sunflower crush was estimated at 2.22 mmt. Post estimates the 2014/15 sunflower crush at 2.4 mmt, based on current price trends and anticipated market reactions. Buoyed by government minimum price supports, sunflower oil—the Argentine consumer's traditional cooking oil of choice—is the cooking oil that has best weathered plummeting oil prices over the past nine months. Competing cooking oils derived from soybeans and canola have not been as fortunate.

Oilseed, Sunflowerseed

2012/2013

2013/2014

2014/2015

Market Begin Year

Mar 2012

Mar 2013

Mar 2014

Argentina

USDA Official

New post

USDA Official

New post

USDA Official

New post

Area Planted

1,623

1,623

1,300

1,315

1,400

1,350

Area Harvested

1,623

1,623

1,300

1,315

1,400

1,350

Beginning Stocks

369

369

1,018

1,018

760

801

Production

3,100

3,100

2,100

2,100

2,500

2,430

MY Imports

7

7

2

8

2

7

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

3,476

3,476

3,120

3,126

3,262

3,238

MY Exports

84

84

80

75

80

80

MY Exp. to EU

20

20

20

20

20

20

Crush

2,344

2,344

2,250

2,220

2,500

2,400

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

30

30

30

30

30

30

Total Dom. Cons.

2,374

2,374

2,280

2,250

2,530

2,430

Ending Stocks

1,018

1,018

760

801

652

728

Total Distribution

3,476

3,476

3,120

3,126

3,262

3,238

1000 HA, 1000 MT