Spain: Fodder Exports Reach All-Time Record

With nearly 1.3 million metric tons (MT) of exports in MY2020/21, Spain hit an all-time record in fodder exports. An ample domestic crop and steady purchases of dried fodder and fodder-based products by Middle East Countries and other EU Member States countered the effects of COVID-related trade disruptions and the weaker demand in Asian markets. Post anticipates a smaller supply for MY2021/22 given competition in the area by other crops and a return to more average export sales.