A sunflower seeds and by-products exports rose to the highest level in nearly 18 years, driven by favorable production declines in major sunflower producing countries and increased demand for biofuels from soybeans and palm oil. According to the Rosario Stock Exchange, total world sunflower production is forecast to fall by nearly 10% in 2024-2025, with the main reductions coming from Russia and Ukraine, which account for 70% of global sunflower oil exports. 70% of Argentina's production of sunflower oil and by-products was exported in 2023-2024, with exports amounting to 989,000 tons and 962,000 tons, respectively, which is only slightly below the 2005-2006 export levels. 2005-2006 export level.