The 2022 Spanish Wheat Harvest Concluded With a 29% Price Increase YoY Caused by War and Heatwaves

The 2022 Spanish wheat harvest concluded in October, and the market is stabilising in terms of prices, with a 29% increase compared to the beginning of the 2021 season. Last year's price for spelt stood at USD 262.64/MT and is currently trading at USD 367.70/MT in W41. The main factors contributing to the price increase are the long heat waves in the region during 2022 and the impact of the Russia-Ukraine war.