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Several Spain grain supply chain actors have released their first estimates for grain production for MY 2023/24 and concur with the poor crop prospects.
This report presents an overview of Spain’s soybean and products market. Imports of soybean and soybean products to Spain amount on average to nearly 6 million metric tons (MT) per year. The robust, dynamic, and export-oriented livestock sector drives the country’s feed ingredients demand.
Spanish cattle production may continue to decrease in 2023 due to high production costs, expected reduction of Spanish live cattle exports to non-EU markets, and the severe drought experienced in Spain since fall 2022 that has impacted cattle feed.
Spain is facing a second consecutive year of poor grains crops. While northernmost grain producing areas still hold production potential, yields in the country’s southeast are estimated to have declined significantly.
The European Parliament ruled that each Member State (MS) will be able to decide the use of GMOs in their territories.
In (FY) 2014, Spain imported $2.2 billion of agricultural, fish and forest products from the United States, up 19 percent compared to 2013 and the highest import figure on record.
Spain is expected to grow modestly in 2014. The growth in exports, foreign investment and a better performance in the tourist sector are the basis of the economic recovery.