AEMO: Let's not let the distant rapeseed fields prevent us from seeing our olive grove in Spain

Published 2022년 3월 30일

Tridge summary

Due to the ongoing conflict in Ukraine and the resulting unavailability of around 400,000 tons of sunflower oil, the Spanish fat market is experiencing significant disruption. With Ukraine's sunflower planting expected to be lost for at least 1.5 to 2 years, prices of sunflower oil have surged by up to 300%, and alternatives like olive pomace and refined olive oils are also becoming increasingly expensive. The situation has prompted calls for the increased bottling of olive oil, which is not only abundant in Spain but also considered healthier and more stable than other oils. The proposal aims to reduce reliance on imported oils and support the sustainability of olive groves in Spain.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The fat market in Spain has been convulsed this March in the face of a new situation, never before known and derived from the war in Ukraine, a situation that deserves reflection from within. In the balance of total consumption of fats in our country, we will lack around 400,000 T of oil that will no longer be imported from the Ukraine and, to a lesser extent, from Russia. We are referring to the sunflower oil that we traditionally import from that part of Europe and whose most frequent uses are its direct consumption in the kitchen, whether domestic or catering, and that destined for the agri-food industry with its use in processed foods, mainly packaged fried foods, and also in preserves. And note that this situation will not be a matter of months, since this spring Ukraine already considers the sunflower planting lost and therefore the situation will be at least 1.5 or 2 years. Faced with this dilemma, fat market operators have found it necessary to look for alternatives to ...

Source: InfoAgro