Spain: Dairy industries want to ensure supply in the last quarter of the year

Dairy

Spain

Published Oct 5, 2022

Tridge summary

The dairy industries want to ensure their supply until the end of the year in the face of the constant decline in cow's milk production, and they have launched, checkbook in hand, to retain their farmers and to acquire, if they can, new ones from their competitors. Thus, contracts have been signed for deliveries in October, November and December at €0.590/litre plus qualities, according to the report from the Lonja de León.

Original content

The increase in costs of more than 40% in feed, 25% in fodder, more than 300% in electricity and 60% in diesel have had the consequence that in the last year, more than 750 cattle farms milk have been closed in Spain (more than 2 daily), and many of those who have remained, have had to take part of their livestock to slaughter to have liquidity and lighten their debts. This situation, together with an extremely hot summer, which has affected the performance of the animals, has lowered milk production in Spain month after month. This summary of what happened in this strategic sector in Spain can be extrapolated to the community and world dairy sector, so current dairy production is very adjusted to consumption. On the other hand, in the session of the León market held yesterday, many movements were registered, affecting cereal, goat's milk and slaughter cows, in addition, the Palmeña Redonda bean variety has begun to be listed. Given the importance of corn cultivation in the ...

Source: Agrodigital