Cereal prices fall in Spain with calmer markets about harvests

Published 2024년 6월 17일

Tridge summary

In the past week, cereal prices in Spanish markets have generally declined, except for corn, indicating a more stable market for crops and international supply. Prices for soft wheat, durum wheat, oats, barley, and malt barley have dropped, while corn has seen a slight increase. This trend is largely due to strong harvest yields in the United States, which are offsetting lower outputs in Russia and the European Union. Compared to January 2024, there have been significant price reductions for soft wheat, corn, barley, malt barley, and durum wheat.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EPHEAGRUS. The prices of cereals have fallen in the last week in the Spanish markets, except for corn, as a reflection that the markets are "calmer" regarding the crops and the international supply, as sources from the Efeagro informed this Monday. association of wholesalers Accoe. In the first closed week of this month (until last Friday) the prices and their changes compared to the previous one have been as follows: soft wheat, 229.83 euros/ton (-2.8%); corn, 229.24 euros/ton (+0.99%); durum wheat, 288.75 euros/ton (-3%) and oats, 248.40 euros/ton (-5.33%). Barley has fallen by 3.64%, to 210.15 euros/ton, while malt barley has fallen by 1.22%, to 221.00 euros/ton. «In national and international markets, harvest pressure pushed prices downward last week. Wheat is already being harvested in the United States with very good yields, which will make up for the cuts in Russia and the European Union," according to Accoe sources. Traders have noted that markets are “calm” as the ...

Source: Agroclm