Spain: Significant increases in cereal prices in national markets

Published 2024년 10월 11일

Tridge summary

The article highlights a surge in cereal prices in Spain, primarily due to issues in the Middle East and droughts in major producing countries like Russia, Brazil, and Australia. The price increases affect wheat, barley, and corn, with the Castilian market seeing the highest increases of 6 euros for barley, 8 euros for wheat, and 3 euros for oats and rye. Similarly, the Salamanca and port markets have experienced significant price hikes. These developments are expected to continue impacting the national markets negatively, with more significant operations yet to be impacted.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of cereals is once again consolidating its rise in Spain, determined by the international situation. The problems in the Middle East have been compounded by the droughts experienced by large producers such as Russia, Brazil and Australia. The threat of a lack of storage at an international level is being felt in our country, and the national markets are reflecting this with interesting increases for cereal producers, although large operations have not yet been closed. We review the most important markets at a national level: This week, wheat and barley prices are rising. Corn is also rising in the middle of the harvest, but without large stocks due to the recent rainfall. The Castilian market has approved strong increases of 6 euros for barley, 8 for wheat, and 3 for oats and rye. Corn has not been quoted again for another week. The Salamanca market has started the week consolidating the upward trend in cereals with increases of 5 euros for wheat and triticale, 4 for ...
Source: Campocyl

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