Raw materials of the animal feed products in Spain experience a spike in prices

Animal feed producers have justified a recent spike in prices of raw materials such as soybean meal, rapeseed, corn, and wheat. For the whole year until September, prices have remained stable. However, at the turn of the new harvest, many large producers reduced the percentage of their planned crops to avoid a pandemic catastrophe, which led to a reduction in the overall availability of grains. Another important development was the strong demand coming from China, which put more pressure in the grain market.