Spain news — Vesper

Sunflower oil drops ahead of Abu Dhabi talks on the Black Sea

Sunflower oil fell about 3% on the week after a Russia, Ukraine and US meeting was confirmed for Abu Dhabi, while Ukraine's exports have roughly halved.

Record EU broiler supply meets the worst Newcastle year in two decades

EU broiler prices eased for a second week on record production, while Newcastle Disease outbreaks hit a 20-year high and Polish prices fell to a 2021 low.

Rapeseed oil takes the lead while sunflower oil's rally stalls

Rapeseed oil rose about 5% on the week as China bought close to 1 million tonnes of Australian canola, while sunflower oil's rally paused on Black Sea talks.

Sunflower oil climbs again while soybean oil slides into harvest

A physical sunflower oil shortage keeps pulling prices higher while the US harvest presses on soybean oil, leaving the complex without one direction.

Newcastle disease hits a 20-year high while EU chicken prices ease

EU broiler prices fell for a third week to €187/100kg on record supply, while Newcastle disease outbreaks reached 157 this year, the most in two decades.

European pig prices break lower after a strong year

German and Dutch pig prices fell about 10% in a month on oversupply. See where European pork prices head in our free Meat & Poultry Q4 outlook.

Poland stays the swing factor as EU chicken heads into autumn

EU chicken output is growing but has turned more volatile, with Polish production down about 20% in July, while bird flu and Newcastle disease stay contained.

Olive oil hits a three-year low on a crop not yet picked

Spanish extra virgin olive oil has fallen to a three-year low on expectations of a 25% larger crop from Spain, Turkey and Tunisia that starts in October.

Western Europe's cartonboard demand gives back May's gain

Apparent cartonboard demand in Western Europe fell 8% in June after an above-trend May, while North America grew 3% and Asian demand rose 14% again.

Europe enters winter with gas storage 16 points below normal

European gas storage sits at 68% against an 84% seasonal average, TTF is at three-year highs and the ECB has hiked again. What that means into winter.

The audit ends a day after Brazil loses EU poultry access

New EU antimicrobial rules took effect on 3 September and the audit of Brazilian producers finished on the 4th. Brussels has set no timeline to restore access.

Palm oil's forward curve breaks above MYR 5,000 while spot eases

Palm oil's March contract broke above MYR 5,000 a tonne even as the spot month eased, while Brent's climb past $90 lifted soybean and rapeseed oil.

EU sets an audit timeline for Brazil's poultry ban, opens a duck dispute with China

The EU has attached a firm audit calendar to Brazil's poultry suspension and opened a new anti-dumping case against Chinese duck imports.

Falling Brent outweighs Black Sea risk in vegetable oils

Black Sea disruption should be bullish for vegetable oils, but a 5% drop in Brent crude after Trump shelved an Iran strike overwhelmed it across palm and soy.

Vegetable oils diverge as Brent crude retreats

Palm and soybean oil fell as Brent crude retreated below $86 a barrel, while sunflower oil rose on continued Black Sea port disruption and slow crushing.

Spain's Newcastle disease outbreaks nearly triple; Brazil braces for an EU ban

Newcastle disease outbreaks nearly tripled in Spain in two weeks while Brazil faces an EU poultry export ban from September, tightening the supply outlook.

Bullish signals stack up across the vegetable oil complex

Brent, palm, soy, rapeseed and sunflower oil are all firming as energy, tariffs and Black Sea disruption stack bullish drivers across the complex.

Vegetable oils firm up on Brent and El Niño risk

Brent crude and an intensifying El Niño lifted soybean, rapeseed and coconut oil this week, while record Malaysian stocks kept palm oil out of the rally.

Poultry week 28: heat losses in Europe, record exports from Brazil

A record heatwave cut European poultry supply while Spain's Newcastle Disease cases and Brazil trade tensions add risk. Vesper's week 28 poultry view.

Vegetable oils hold steady while Brent slips and Europe overheats

Vegetable oils held firm even as Brent slipped to $73. Palm oil rose on strong Malaysian exports, while a heatwave trimmed the EU rapeseed crop outlook.

Egg markets split as Europe nears a floor and US prices firm

The two big egg markets are pulling apart: Europe is still easing from its spring peak but slowing, while US prices firm as stocks tighten and demand picks up.

Thai rice up 25%, wheat swings 40 EUR in a month: grains reprice across the board

Thai rice rose 16 to 25% in May, parboiled A1 leading from 220.73 to 275.61 USD/mt, while EU milling wheat fell to 180 EUR/mt then jumped 36 EUR the next day.

Brazil loses EU poultry access from September; the authorisation body meets too late to fix it

The European Commission has confirmed Brazil cannot export poultry meat to the EU from 3 September 2026, after missing the antimicrobial compliance list.

EU egg prices correct from highs; heatwave hits at the worst possible moment

European egg prices are falling across all categories on rising imports from Eastern Europe and Turkey, seasonal weakness, and record pullet placements.

Record May temperatures lift European grain futures as US crop weather eases CBOT

European and US grains diverged, with Euronext milling wheat up to EUR 214/mt while CBOT SRW wheat fell to 648 cents/bu from 678 on easing crop weather.

Indonesia's export overhaul casts shadow over palm oil as Iran peace talks weigh on energy prices

Indonesia has announced export centralisation for key commodities including palm oil from June 1, aimed at under-invoicing, onto an already softening market.

Germany's RED III adoption and higher energy prices lift European biodiesel sharply

European biodiesel rose sharply in May, with FAME 0 up from $1,382 to $1,500 per tonne and UCOME reaching $1,652, after the Bundestag adopted RED III.

European eggs cool while the US flips from scarcity to surplus

European eggs are easing from post-Easter highs, but unevenly: caged and standard soften on Eastern European supply while free-range stays tight on disease.

Brent strength and biofuel mandates push vegetable oil complex higher

Vegetable oil prices rose across most of the complex as July Brent closed at $114/barrel against $101.7 a week earlier and biofuel mandates kept momentum.

US egg prices fall below production cost while Europe stays tight

The post-Easter egg market is moving two ways: US supply has rebuilt strongly with no new HPAI cases in laying flocks, while Europe stays tight.

Record Brazilian exports push global poultry prices lower

Global poultry heads into late March broadly bearish, with Brazilian and Thai origins falling across whole birds, breast meat and wings on record exports.

European pork market forecast 2026: African Swine Fever in Spain redirects volumes to EU markets, pressuring prices

The EU sow herd is forecast to shrink again in 2026 on environmental restructuring, with feed prices favourable but labour and energy keeping costs elevated.

Olive oil market forecast 2026: production normalises after two volatile seasons, prices expected to hold broadly stable

Extra virgin olive oil peaked near EUR 5,000/mt EXW Spain in November 2025, fell to EUR 4,300/mt in January and has since recovered to about EUR 4,600/mt.

Pizza, pasta, savory snack forecast: flour, tomate, chicken, beef, pork, mozzarella, olive oil

H2 2026 brings pizza, pasta and snack manufacturers near-term stability alongside building supply risk, with some procurement windows unlikely to last.

Tomato paste market forecast 2026: Q2 expected stable, but California and energy risks loom for H2

Tomato paste prices are expected to soften modestly in Q2 2026 from firm early-year levels, with the market adequately supplied and not chasing volume.

Middle East conflict pushes vegetable oil prices higher as freight costs climb

Brent crude's rise after Iran's closure of the Strait of Hormuz is lifting vegetable oils across the board, with freight costs climbing on key shipping routes.

European poultry market remains under pressure after brief February recovery

A brief February recovery on the return of school meals and monthly salaries has not reversed the broader downward trend in European poultry prices.

India's soybean oil duty cut set to reshape vegetable oil import dynamics

India's planned reduction in soybean oil import duties under US trade agreement expected to reshape procurement patterns and intensify competition across palm,

EU sugar production projected to fall 10% as consumption uncertainty clouds market outlook

EU sugar production is projected to fall to 15.4 million tonnes in 2026/27 from 17.05 million, on 7% lower plantings and less favourable growing conditions.

European poultry fillet prices face continued pressure after holiday demand fades

Chicken breast and fillet prices fell across Europe in January as holiday demand faded, extending a decline that began in the second half of 2025.

Egg markets face dual pressure from avian flu outbreaks and rising energy costs

Germany reports 25 farm cases and France 33, the Netherlands has culled 62,000 hens, and Arctic weather is driving a sharp November energy cost spike.

Shipping rates from Asia to Europe climb 3-4% on major routes

Shipping rates from Asia to Europe increased 3-4% on major routes as carriers manage capacity and 2026 contract negotiations begin.

Raw sugar prices hit four-year lows on surplus concerns

Raw sugar futures fell to 14.37 cents per pound, the lowest since April 2021, after São Paulo conferences raised Brazilian output and Indian export concerns.

European sugar prices trade below import parity while 2026 acreage faces potential cuts

European beet belt sugar prices are trading below the €586 per tonne import parity threshold, while early data points to a 3% acreage cut for 2026.

Raw sugar futures recover as Brazilian mills eye ethanol production shift

Raw sugar futures bounced back to 16.1 cents/lb as Brazilian mills signal potential pivot to ethanol production. European yields exceed forecasts..

Brazil lifts sugar production to five-year high while Europe faces oversupply

Brazil’s Center–South mills pushed sugar output to the highest early-August level in five years, with 55% of cane directed to sugar.

US-EU trade tensions: impact on dairy, olive oil, and baked goods

US President Donald Trump's proposed 30% tariffs on European goods and the EU's countermeasures could significantly impact global food commodity trading.

Vegetable oil markets face pressure as Brent crude weakens and supply forecasts rise

Palm oil, soybean oil, and rapeseed markets decline as Brent crude drops to $67.61/barrel. Get expert analysis on supply forecasts.

Global biodiesel markets brace for impact as Trump imposes sweeping tariffs

New Trump tariffs of up to 54% on China trigger 44% retaliatory tax on US soybeans while threatening 2.5MMT of UCO imports.

Biodiesel Market Update: Key Trends Driving Price Dynamics

Biodiesel prices have dropped sharply on softer demand and a steep decline in used cooking oil values. The key trends now shaping pricing across regions.

Olive Oil Price Forecasts: Market Shifts as Stocks Deplete in Italy and Spain

Italian olive oil stocks are running low, prompting increased imports from Spain to meet demand. Discover the impact on olive oil prices.

Narrow UCOME-RME spread - more appetite for lower CFPP blends

Learn about the narrow UCOME-RME spread and its impact on CFPP blends. Vesper's insights help you adapt your commodity trading strategy.

Mixed signals in the Vegetable Oil complex: a snapshot of the latest price trends

The global vegetable oil complex this week has presented us with a patchwork of fluctuations. With some oils such as palm, soybean oil (cash), coconut, and oliv

Limited trading activity characterises the UCOME market amidst rising prices

Explore the UCOME market's nuanced landscape with rising prices and limited trading activity. Uncover the impact of low liquidity and increased UCO prices on UC

Andalusia’s olive oil production drops by 49% due to extreme droughts

Andalusia, Spain's top olive oil region, faces a 49% production drop in 2022-2023 due to extreme weather. Prices surge amid global crises.

EU: July milk production – signs of recovery

EU July milk production was down 0.5% year on year but up 0.4% on the month, with Poland up 5.8%, Belgium 4.2%, the Netherlands 3.5% and Ireland 1.0%.

EU: PRODUCT MANUFACTURE FOLLOWS MILK DOWN

EU January milk production fell 0.7%, with Ireland down 4.1%, the Netherlands 2.7%, and Germany and France both 2.2%, though 12 member states still grew.