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THE FARM OF IDEAS

rise in the price or raw materials the farm revolution
21 MAR

‘THE RISE IN THE PRICE OF RAW MATERIALS’ WEBINAR

What is happening with raw materials? 

 

The current affairs rule, and that is why we have organised this webinar on the global rise in the prices of raw materials.

For now, the upward trends that have caused the rise in these last 6 months remain.

Regarding the supply: We are still suffering weather problems in many exporting countries that are reducing the harvests and the production of soya beans and wheat, that are the main raw materials for feed.

Besides, during the pandemic, the rouble has been devalued by more than 20% with respect to the US dollar, and the Russian government has introduced, since February, a new export duty on cereals of USD50 per tonne of wheat. Russia is out of the global wheat market since there is the duty.

 

Regarding the demand: The great star is China, that has greatly increased its purchase of raw materials and has also increased the consumption of feed during these months of the pandemic.

In Spain we had very good barley and wheat harvests last year, but currently, the level of the exports of raw materials is very low due to the prices, and we do not produce enough to be self-sufficient.

 

Watch our webinar again to know the experts’ forecasts.

 

 

We count on the involvement of 2 of the most knowledgeable professionals on raw materials in Spain:

✅ Fernando Caja (Purchasing Director of Grupo Nanta (Nutreco)

✅ Joaquín Barquín (Logistics coordination at Gavilon Goup, LLC)

 

And as the hosts of the webinar:

✅ Miguel Ángel Higuera (Manager at Anprogapor)

✅ Miguel Chico (CEO at The Farm Revolution)

 

 

The debate

 

We all thought that the rise was going to be temporary, but sadly, the news is not good. The rise is increasing.

China is the second greatest producer of wheat and maize, and last year it was the greatest importer of soya beans and maize. In 2021 it is expected that this grows by 8%, as it is recovering its swine herd, and its purchases of American feed products (especially maize) will grow by 10%.

Its currency is very strong, and this makes that raw materials that are expensive for us are not so costly for them.

On the other hand, among the plans of the EU there is the project that in 2030, an organic production of 25% should be reached. How will this affect the pig sector?

The unpredictability is growingly greater. Will it improve in the short term?

Will the Spanish pig sector still be competitive?

If you want to know more about this so complicated market, don’t miss this webinar.

 

Keep in touch with our social media to be informed of the latest news in the pig sector. Visit our YouTube channel and watch all the webinars again.

 

The Farm

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