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THE FARM OF IDEAS

webinar materias primas the farm revolution
09 APR

Webinar ‘The Surge in Raw Materials’

What is happening with raw materials?

Current events dictate, which is why we have organized this webinar about the global price increase of raw materials.

For now, the bullish factors that have caused the rise over the last six months remain in place.

In terms of supply: we continue to face climatic issues in many exporting countries, which reduce the harvests and productions of soy, corn, and wheat, the main food materials.

Also, during the pandemic, the ruble has devalued more than 20% against the dollar, and the Russian government has imposed a $50 per ton wheat export tariff since February. Russia is out of the global wheat market since the tariff was implemented.

In terms of demand: the main player is China, which has increased its purchase of raw materials and raised food consumption during these pandemic months.

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

Rewatch our webinar to learn about the experts’ forecasts:

https://youtu.be/Znv-UEWambU

We have the participation of two of the most knowledgeable professionals about raw materials in Spain:

✅ Fernando Caja (Director of Purchasing at Grupo Nanta (Nutreco)) ✅ Joaquín Barquín (Logistics Coordination at Gavilon Group, LLC)

And as hosts of the webinar:

✅ Miguel Ángel Higuera (Director of Anprogapor) ✅ Miguel Chico (CEO of The Farm Revolution)

The Debate

We all thought the rise would be temporary but unfortunately, the news is not good. It’s getting worse.

China is the 2nd largest producer of wheat and corn in the world and last year ended as the largest importer of soybeans and corn. For the year 2021, an 8% growth is expected, it is recovering its pig herd and will increase by 10% the purchases of American food products, especially corn.

Their currency is very strong, making raw materials that are expensive for us, not so much for them.

On the other hand, within the European Union’s plans, it is included that by 2030 there should be 25% organic ecological production. How will this affect the pork sector?

The level of volatility is increasing—is it going to improve in the short term?

Will the Spanish pork industry continue to be competitive?

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

Stay tuned to our social networks to be informed about the pork sector. Visit our YouTube channel and rewatch all the webinars.

The Farm.

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