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This report presents an overview of Spain’s soybean and products market. Imports of soybean and soybean products to Spain amount on average to nearly 6 million metric tons (MT) per year. The robust, dynamic, and export-oriented livestock sector drives the country’s feed ingredients demand.
U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.
The Ministry of Agriculture has not yet released figures regarding the MY2020/21 grain harvest. The Ministry will allocate 3.5 million hectares to cereal plantings for MY2021/22.
Crop conditions look normal overall, which indicate optimistic forecasts for Algeria’s MY2020/21 grain crop.
Spain remains the largest grower of biotech corn in the European Union and a major consumer of genetically engineered soybean meal in animal feed.
General good conditions indicate a good grain crop for MY2019/20 in Algeria.
The Food and Agricultural Import Regulations and Standards (FAIRS) report provides an overview of the food laws and regulatory environment in Algeria as it relates to food and agricultural exports.
Ministry of Agriculture reported favorable early prospects for the grain crop should good climatic conditions continue.
The Government of Algeria (GoA) introduced a temporary additional safeguard duty (DAPs) to replace the import ban established in January 2018.
Spain is the largest grower of biotech corn in the European Union (EU) and a major consumer of genetically engineered (GE) soybean meal in animal feed.
Algeria’s MY2018/2019 grain crop was good and reached 6.05 MMT.
General good growing conditions indicate a good grain crop for MY2018/19 in Algeria.