How much cereal has Spain imported from third countries so far this campaign?

Published 2024년 4월 1일

Tridge summary

In the 2023/2024 cereal marketing campaign, Spain has seen a 7.5% increase in cereal imports compared to the previous year, with a notable rise in imports of common wheat, durum wheat, and rye from third countries, and a decrease in imports of corn, barley, and oats. The country's major cereal imports include corn, soft wheat, and barley. The article also highlights the influence of Black Sea region tensions and weather conditions on global wheat prices and production forecasts. It points out an increase in Russia's wheat harvest forecast for 2024 and its significant wheat exports at competitive prices, indicating a complex interplay of geopolitical and environmental factors affecting the cereal market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 39 weeks of the 2023/2024 cereal marketing campaign, Spain has imported more than double the amount of common wheat from third countries than the last campaign, up to 4.33 Mt (+65%), 168% more than durum wheat up to 232,000 t and 55% more rye up to 125,000 t. However, it has imported 15% less corn to 5.84 Mt, 4.5% less barley to 799,000 t and 12% less oats to 28,000 t. In total, Spain has imported 11.44 Mt of cereals, which is 7.5% more than a year ago, as can be seen in the attached table, prepared by Toño Catón, director of Herbaceous Crops of Agri-Food Cooperatives of Spain, in based on data from the European Commission. Of all the cereals imported by Spain from the EU and from third countries, corn represents 51%, soft wheat 38% and barley 7%. EU imports are 24.35 Mt, which means that Spain has imported 46.6% of that amount. Market valuation The wheat was dressed in red at the beginning of Holy Week. The tensions caused by the Black Sea are scary and then look normal ...

Source: Agrodigital