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Low 2022/23 Spanish Carob Production Levels Result in Sellers Holding Stock and Not Selling

Lack of Rain in Portugal

Portuguese carob producers urgently need to define a strategic and long-term action plan for the future

Fertilizers are getting more expensive: the railway added 30% just for August Purchasing a ton of carbamide today costs a farm 56 percent more corn than a year ago. This ratio was worse only in 2022, and there are still a few weeks left before the sowing of winter crops. The market, however, does not give a simple signal to "buy now" — the problem is not only in the price. August prices for fertilizers already exceed the level of June and July, the spot supply remains minimal, and traders are cautiously entering into new agreements, according to a market review by the AGROTRADE CLUB company, which was published by Latifundist.com. Suppliers, meanwhile, are hardly crediting farmers, citing the existence of state and banking financing programs. The annual dynamics look even more drastic. Nitrogen fertilizers have risen by 30–50% compared to the same period last year, and the supply of nitrates, ammonium sulfate, and carbamide is delayed by one and a half to two months. Analysts at Barva

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