US Increases Sunflower Oil Exports to Spain Amid Global Supply Shortages
Due to disruptions in traditional sunflower oil supply chains from Ukraine, Spain has ramped up imports of sunflower-seed oil (HS Code: 1512) from the United States, with a reported 20% increase in shipments in the third quarter of 2023.
2023-10-15
Impact: This shift is likely to strengthen bilateral trade ties and provide US exporters with a growing market in Spain, though it may face challenges if global supply chains stabilize.
Spain Implements Stricter Quality Controls on Imported Cottonseed Oil
Spain has introduced new quality and safety standards for imported cottonseed oil (HS Code: 1512), affecting shipments from the United States. Some US exporters reported delays at Spanish ports for compliance checks.
2023-09-22
Impact: These regulations could temporarily slow down US exports of cottonseed oil to Spain, increasing costs for exporters due to compliance and potential delays.
Trade Agreement Boosts US-Spain Safflower Oil Trade
A recent bilateral trade discussion between the US and Spain highlighted opportunities for increased safflower oil (HS Code: 1512) exports from the US, with Spain seeking alternative sources for edible oils.
2023-08-10
Impact: This development is expected to positively impact US safflower oil producers, opening up a steady demand in the Spanish market amid diversification efforts.
