Cereal prices continue to fall in Spanish markets and are already nearly 30% lower compared to January of the previous year

Published 2024년 1월 22일

Tridge summary

Despite the sea crisis, the war in Ukraine, and a 20% decrease in exports from Ukraine, cereal prices in Spain have fallen by nearly 30% compared to the previous year. Soft wheat, corn, and barley have seen significant declines of 1.3%, 1.15%, and 0.86% respectively in the last week. This is in spite of Spain increasing grain imports due to a poor harvest. The USDA report's optimism about cereal supplies is also contributing to the pressure on prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cereal prices continue to fall in Spanish markets and the declines are already close to 30% less compared to January of last year, especially in soft wheat, corn or barley, without being impacted by the sea crisis. Rojo nor the war in Ukraine, according to the data provided this Monday to Efeagro by the Accoe wholesale merchant association. In the last closed week (until last Friday), the prices of cereals have been the following: soft wheat, 236.54 euros/ton, with a decrease of 1.3% compared to the previous week; corn, 226.65 euros/ton (-1.15%); barley, 226.89 euros/ton (0.86%) and malt barley, 244.5 euros/ton (-1.5%). Compared to January of last year, soft wheat prices have fallen by 29.28%; those of corn, 29.27%; those of barley, 28.64%; those of durum wheat 19.53%, and those of malt barley, 25.53%. It should be remembered that, according to the analysis of Lonja de Abastores, analyzing in more detail the international level, the data from Ukraine indicate a 20% decrease in ...

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