Spanish grains production will record negligible growths from ----/-- to ----/--, with the exception of wheat, which will benefit from the crop diversification required by the new CAP support scheme. Corn consumption will rise steadily on the back of the rebound in pork production. ...After two consecutive years of growth in ----/-- and ----/--, we expect Spanish sugar production to return to its long-term downward trend between ----/-- and ----/--. Out to ----, Spanish sugar will see limited growth in production due to other European producers increasing output following the likely removal of EU sugar quotas in ---- and the opening up of the European market to Latin American producers. Sugar consumption, on the other hand, will remain largely resilient despite the poor economic context. ...The declining trend for milk consumption in Spain began even before the global financial crisis in ----, but cheese will be the exception. Apart from specific artisanal products, Spain is not one of the countries that we see spearheading the EU s growth in dairy production and exports.
...BMI View: We have made minor forecast revisions but our core outlook remains unchanged in the latest Q- ---- Spanish agribusiness update. We hold the view that the dairy sector will be under intense pressure after the removal of the European dairy quota. ...We hold the view that the dairy sector will be under intense pressure after the removal of the European dairy quota. The dairy production in the country will now have to compete directly with German dairy farmers, historically known for far superior levels of efficiency and competitive. The dairy sub-sector is now adapting to the end of the quota and this will most likely impose significant competitive pressures on producers. ...The livestock sector will witness a modest upward trend in terms of production, driven by strong export demand for pork. We see pork as the outperforming livestock segment, followed by poultry and beef. .
...� Business Monitor International Ltd Page - and barley due to the crop diversification required by the new Common Agricultural Policy (CAP) support scheme. Average annual poultry consumption growth ----/-------/--: -.- to -.-mn tonnes. ...
