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In 2023, Spain imported $2.2 billion worth of agricultural, seafood and forest products from the United States, up 3 percent compared to the previous year. Even though inflation rates declined in 2023 as compared to the record highs registered in 2022, they remained higher compared to pre-pandemic levels.
Post anticipates a larger supply for MY2020/21, as a wet spring boosted fodder yields in non-irrigated land. Spanish fodder continues consolidating its presence in Asian markets.
During the COVID-19 pandemic, the Spanish food retail and distribution sector continued to function as an essential activity in response to the crisis.
The temporary pause in the hospitality sector, tourism, and weaker export demand following the COVID-19 pandemic, has negatively impacted the Spanish poultry meat sector.
After a rather dry winter, abundant precipitations and mild temperatures prevailing since mid-March significantly improved grain crop conditions and secured record yields.
The temporary closure of hotels and restaurants in response to COVID-19 lowered domestic demand for high-end meats and slashed prices by 40 percent for meat products...