The latest rains will allow Spain to lead durum wheat exports in Europe this year

Published 2024년 4월 13일

Tridge summary

Recent heavy rains in Spain have significantly boosted the agricultural sector, particularly benefiting the durum wheat market. With a forecasted production of 1.3 million tons in 2024, Spain is poised to become a major European player in this market, with expectations to export half of this production. The 14th edition of the Andalusian Commodity Exchange in Seville underscored Andalusia's leading role in this resurgence and provided an optimistic outlook for the broader cereal sector. Additionally, the event discussed the anticipated shifts in the vegetable oils sector, driven by the energy sector's demand and new European laws banning imports of oils from deforested areas. These developments, highlighted by over 700 attendees from 30 countries at the gathering in Seville, point to significant changes in global agricultural markets, with Spain playing a key role in both durum wheat and vegetable oils sectors.

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Original content

The heavy rains of the last month have transformed not only the image of the Andalusian countryside and much of the Spanish countryside, but has also changed the economic outlook of many sectors that saw the drought as a real threat to the short-term future. The primary sector is the one that is most enjoying a spring that is beginning to bloom for farmers and ranchers, as well as the entire industry that makes a living from this sector. A good example of this good news was experienced this week in Seville, where the 14th edition of the Andalusian Commodity Exchange was held, the main private meeting of the agricultural raw materials sector in Europe and one of the largest worldwide. organized annually in Seville by the Northstar Brokerage company. Jarquil will invoice more than 200 million this year after its commitment to hydraulic works José Luis Losa The Almería construction company has grown 50% this year to achieve sales of 188 million euros thanks to residential work. ...

Source: Elconfidencial