News

New installment of our weekly agri-food news

Olive
Israel
Supply Chain Management
Market & Price Trends
Innovation & Technology
Published Jan 19, 2024

Tridge summary

The news discusses the crisis in the Red Sea and its impact on shipping routes, leading to concerns about rising prices of goods and raw materials. The wine sector in Spain received almost 46 million euros in funds for projects to promote Spanish wines in third countries, with the most funding going to Castilla y León, the Basque Country, Catalonia, and La Rioja. The impact of rainfall and a pending parliamentary agreement to eliminate VAT for olive oil may moderate prices, with nearly 800,000 tons of harvest estimated for this campaign and recognition of the quality of Spanish olive oil at the Evo-oleum awards.

The area of farmland in Spain has decreased by 0.28% in 2023, with a significant decrease in arable crops and an increase in crops such as legumes and vegetables as well as tropical and woody crops. The news concludes by celebrating International Croquette Day, which was established based on the creation of the dish in 1917 by a Spanish woman, making it a planetary celebration.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In this news, we address the crisis in the Red Sea; we talk about olive oil; of wine; of soils; and we ended up paying tribute to croquette on its international day. We begin the weekly news very attentive to the situation in the Red Sea because it is a commercial maritime route of interest to Spain. The attacks by Yemen's Houthis on ships they consider linked to Israel are causing shipping companies to look for alternative routes, which are longer and more expensive. The sector fears that, if it continues over time, it will impact the prices of goods and raw materials. The Minister of Agriculture, Fisheries and Food, Luis Planas, believes that it is still early to draw conclusions but they are following the problem very closely. The minister has met with the food and beverage manufacturers' association, FIAB. A meeting in which these industrialists warned that the crisis is beginning to impact an agri-food chain that remains stressed. Most of the agricultural and food sectors are ...
Source: PEefeagro
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