Russian federation Oilseeds and products;October 2008 Monthly update

Post forecasts production of major oilseeds at 8.1 million metric tons (MMT), including 6.7 MMT of sunflowerseeds, 680,000 metric tons (MT) of soybeans, and 720,000 MT of rapeseeds. Russia's imports of these three oilseeds will be 450,000 MT, including 440,000 MT of soybeans. Exports will be 240,000 MT, including 100,000 MT of sunflowerseeds and 110,000 MT of rapeseeds. Oilseeds crush will increase from last year by 0.9 MMT to 7.7 MT to produce 2.9 MMT of vegetable oil and 3.4 MMT of oilseed meal.

Sunflowerseed oil prices are decreasing, pushing down demand and prices of sunflowerseeds.