One of the consequences of the pandemic has been the increase in the cost of exporting by sea and the shortage of containers used in this transport. Around 70% of the alfalfa that is grown ends up in third countries and the ship is the most commonly used means of transport to its destination.
The increase in the price of cereals and oilseeds has led to a rise in the price of compound feed used for animal feed. Although world cereal production may reach a record high this year, demand is expected to increase by 2 %, which will keep pressure on prices. This could lead to an increase in the amount of alfalfa in the dairy cows’ rations, generating greater demand from the farms and, therefore, in many cases, maintaining our business volume.
Here are some graphs that show the evolution and importance of alfalfa exports for our country.