Spain: Unistock expressed its alarm for soybeans due to the new rule against deforestation

Published 2024년 6월 8일

Tridge summary

The Spanish Association of Port Warehouses of Grains, Cereals and other raw materials (Unistock) has raised concerns about the future of soybean supply for feed, given the implementation of European regulations in 2025 aimed at reducing the risk of import products linked to forest degradation. These regulations could potentially disrupt imports from the United States, Brazil, and Argentina, which collectively supply six million tons of soybeans to Spain annually. Unistock is calling for a delay in these regulations to allow for the exploration of alternatives and is currently engaging with the Argentine Embassy and the Ministry of Ecological Transition to discuss the issue. The lack of contracts for soybean futures in June 2025, due to uncertainty caused by these regulations, is impacting the planning of various parts of the food chain, including feed manufacturers, livestock farming, and supermarkets.

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Original content

The Spanish Association of Port Warehouses of Grains, Cereals and other raw materials (Unistock) has expressed its alarm about the future of the supply of soybeans for feed given the entry into force in 2025 of the European regulations that seek to minimize the risk of import products associated with forest degradation. The president of Unistock in Spain, Andrés Gómez Bueno, has pointed out to Efeagro that port operators are "scared", because both the Spanish food market and that of other EU countries are dependent on the imports of soybeans to manufacture feed and at the moment there are doubts about whether their supplying countries will meet the requirements of the new regulation. The United States, Brazil and Argentina are the main origins of the six million tons of beans and soybeans that Spain imports annually. , according to Unistock, and of these three, Argentina is the country that has shown to have the most advanced certifications in accordance with the new regulations. ...

Source: Agrodiario