Spain: The cereal campaign starts with falling prices

게시됨 2024년 7월 1일

Tridge 요약

Spain is experiencing a severe drought in the east, leading to a significant reduction in cereal harvest, while the west half has abundant water reserves. The country's cooperatives have revised the production estimate for the year to 22.5 million tons, more than doubling last year's figure. However, the European Union (EU) has introduced lower prices for the new 2024-25 marketing campaign, which are below production costs. Meanwhile, global production of grains is expected to reach a record 2,312 million tons, but consumption is predicted to exceed the harvest, resulting in a decrease in stocks. The second half of the year is expected to bring significant changes to the EU, including the presidency of Hungary, changes in the European Commission, and the potential integration of Ukraine into the EU, which could change the EU's budgetary framework.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The summer has begun with Spain divided in two: the eastern half, with serious problems of drought and lack of water, which has caused a significant reduction in the cereal harvest in these areas, and the western half, in which Water reserve is abundant and cereal production will be high, although also very irregular depending on the regions. As the harvest advances north, the cooperatives have revised upwards their production estimate to 22.5 million tons, which is more than doubling last year's level. Thus, more than 7 million tons could be obtained from common wheat and close to 9 million from barley. Just today the new 2024-25 marketing campaign begins throughout the European Union (EU) and it does so with lower prices. During last week, new cuts were recorded in the internal market, which, according to agricultural organizations, means that they are, in general terms, below production costs. At the moment, prices are between 15 and 20 percent on average below those of last ...

출처: Agropopular