Spain: Forage prices fell by 40% compared to last year

Despite a 20-25% drop in production during the 2023-2024 campaign due to the drought, Spain remains the world's leading producer of dehydrated forage, reaching a figure of 980,000 tons produced, of which 785,000 tons were alfalfa and 195,000 of other crops, according to JARC. Catalonia, for its part, contributes to these figures, representing approximately 17% of Spanish production, about 166,600 tons. The current situation of falling prices cannot be accepted The year 2023 was marked by drought, leading to an unusual situation of very high purchases of dehydrated forage, such as raw and silage, in the national market due to the psychosis produced by the lack of food in the field. This fact caused very high forage prices at the national level and a reduction in the percentage of exports, which is normally over 70% of total production. Precisely, this lack of full recovery of the international market, in the second part of the year, when the rains appeared, has meant that the ...