The lack of sunflower oil can paralyze the Spanish industry in four weeks

Published 2022년 3월 13일

Tridge summary

The Spanish agri-food industry is facing a sunflower oil shortage due to the conflict in Ukraine, which accounts for 62% of Spain's sunflower oil supply. The shortage is expected to affect various sectors, including bakeries and canned food manufacturers, as their stocks are nearing depletion. The industry is now seeking alternative sources in countries like Argentina, Brazil, and South Africa, and exploring new recipe formulations. The situation is further complicated by potential olive oil shortages due to limited supply and increased prices, despite the world's largest olive oil production by Spain. Additionally, the industry is grappling with the challenge of changing product labeling and ingredients, and is seeking changes in import regulations to source sunflower oil from other countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A part of the Spanish agri-food industry will be paralyzed if in four weeks it does not find a substitute for sunflower oil, used to make a multitude of products, from pastries and preserves to sauces and fried foods, and whose reserves will not last more than a month .The war in Ukraine has stopped the activity in the refineries of that country, from which Spain receives 62% of the sunflower oil it uses, the ships do not circulate through the Bosphorus Strait and only the oil that was in stock remains .The shortage "is imminent", Rubén Moreno, general director of Produlce, an association that represents companies in the sweets, cookies and pastry sector and to which Bimbo, Gullón or Nestlé belong, told Efe, among many others. "We already have the 'stocks' to the limit and within a couple of weeks the earliest companies will have run out of sunflower oil and in a maximum period of four weeks all the companies," he added. In the same vein, representatives of the Spanish Association ...
Source: Clm24

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