News

Spanish cereal imports rose 24% in 2023 marked by the influence of Ukraine

Grains, Cereal & Legumes
Spain
Market & Price Trends
Innovation & Technology
Published Apr 4, 2024

Tridge summary

In 2023, Spain experienced a significant increase in cereal imports, up by 23.6%, due to a national drought and the impact of the war in Ukraine, which paradoxically remained the country's top cereal supplier. This surge, reaching 23.2 million tons, was also fueled by increased purchases from other Eastern European countries like Romania, Bulgaria, Germany, and Poland, helping Spain mitigate the effects of its worst harvest in history. The situation, dubbed the 'Ukraine effect,' led to reduced imports from traditional suppliers such as Brazil and France, amidst EU tariff advantages for Ukrainian products that have sparked protests among European farmers. Concurrently, the European Commission is considering raising tariffs on Russian and Belarusian cereals to prevent war financing. Amid these developments, the Spanish company Accoe has appealed to the Ministry of Agriculture for special consideration regarding shipments to Russia affected by the impending tariff increases, highlighting the financial strain on Spanish businesses engaged in trade with Russia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spain increased its cereal imports by 23.6% in 2023, marked by the national drought and the influence of Ukraine, which despite the war remained the first supplier and had an impact on lower prices and greater purchases from other countries in the region. Eastern Europe. Cereal imports reached 23.2 million tons in 2023 (4.5 million more than in 2022), with notable increases in shipments from Ukraine (+76.9%), Romania, Bulgaria, Germany and Poland , according to customs data provided to Efeagro by the association of port warehousemen Unistock. With this increase, Spain alleviated the extra needs and shortages caused by the worst cereal harvest in its history due to drought, a situation that contrasted with an abundant international supply and with an increase in the transit of grain from Ukraine, despite experiencing its second year of war. In the cereal markets, the "Ukraine effect" dominated, according to the general secretary of Unistock, José Manuel Álvarez, declared to ...
Source: Agrodiario
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