Spain produces less sunflower than expected and international prices rise

Published 2024년 12월 8일

Tridge summary

Spain's sunflower production for 2024 is expected to be similar to the previous year, with 767,000 hectares sown, primarily in Castilla y León, Andalusia, and Castilla-La Mancha. However, the Spanish Sunflower Association (AEG) has noted lower than expected yields due to insufficient winter rainfall and a lack of reserve water in the soil. The type of sunflower sown varies by region, with Andalusia focusing more on high oleic varieties for frying. The international price of sunflower oil is influenced by production in countries like Ukraine, Russia, and Argentina, as well as EU countries and the United States. In Spain, sunflower oil prices are currently between 430 and 475 euros per tonne, while high oleic sunflower oil ranges from 470 to 575 euros per tonne. These prices are influenced by climatic instability, competition from other oils like canola and palm oil, and the cost of oil, which is used as an alternative biofuel.

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Original content

Belén Delgado (EFEAGRO). Spain has produced less sunflower this year than initially expected and is conditioned by the rise in international prices amid competition with other vegetable oils, according to the Spanish Sunflower Association (AEG). The president of the AEG, Juan Fernández, has indicated to Efeagro that in 2024 767,000 hectares of sunflower have been sown, a figure similar to the 760,000 hectares of 2023. Castilla y León (with 48% of the sown area), Andalusia (24%) and Castilla-La Mancha (21%) represent 91% of the total sunflower area in Spain, while the rest of the communities barely represent 8% and have little influence on production. Fernández has detailed that in Castilla y León almost the same amount has been sown as last year (barely 0.1% less, with 365,232 hectares), in Castilla-La Mancha the surface has increased by 2.2% (158,922 hectares) and in Andalusia it has decreased by 4.7% (181,572 hectares). In the absence of consolidated data, the president of the ...

Source: Agroclm