Ukraine is a key supplier of some commodities to Spain

Published 2022년 3월 15일

Tridge summary

The Spanish agricultural sector is facing challenges due to increased energy and input prices, drought, and the impact of Ukraine's invasion, which has led to difficulties in importing raw materials like cereals and sunflower oil. Spain, heavily reliant on Ukraine for these imports, is seeking alternatives as the Ministry of Agriculture has temporarily eased requirements for corn imports from Argentina and Brazil. The food industry is also modifying products and seeking temporary labeling flexibility from the Spanish Agency for Food Safety and Nutrition. The situation highlights Spain's dependence on Ukrainian maize and sunflower oil, and the potential impact of trade decisions on agriculture, with olive oil being seen as a possible replacement for sunflower oil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Spanish primary sector was already struggling with a substantial rise in energy and other input prices, combined with a prolonged period of drought. Ukraine's invasion is adding problems to sectors such as livestock farming and also the food industry and food retailing. This is now due to the impossibility of importing raw materials such as cereals and sunflower oil from Ukraine. Ukraine is Spain's second largest cereal supplier Spain has a strong livestock sector (it is China's leading supplier of pig meat) as well as a strong feed manufacturing sector, while at the same time it has a structural deficit in cereals. In 2021 (Fig. 1), Spain imported from Ukraine 18.4% of its total cereals purchased on international markets, worth 545 million euros, being its second largest trading partner after Brazil. In this scenario of possible shortages, Spain's cereal imports from Russia must also be taken into account (Fig. 2). In the case of corn, a staple for the manufacture of animal ...

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