Spain: The fall in cereal prices at the León market continues, conditioned by the world market

Published 2024년 9월 2일

Tridge summary

The León Market reported a significant drop in cereal prices on August 28, with soft wheat and barley falling by two euros per ton, and other cereals like oats, rye, and corn decreasing by one euro per ton. This decline is attributed to international market pressures and the absence of tariffs on certain imports, leading to prices that are unprofitable for many farms. Farmers in Palencia, a major cereal-producing province, are facing challenges with sowing planning due to these price drops. The article also mentions that the market is experiencing stabilization, despite the poor wheat harvest in Europe and the extreme drought in Romania, which is expected to reduce Europe's corn production. Additionally, the price of rapeseed remains stable due to Canada's anticipated poor harvest and the pressure from palm oil, which is experiencing price increases due to crop deterioration in Indonesia.

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

Original content

The León Market marked another week this Wednesday, August 28, a new general fall in the cereal table, with losses of two euros per ton in soft wheat and barley; and one euro per ton in oats, rye and corn. The pressure of international markets, together with the absence of tariffs on certain imports, explain this downward trickle, which is bringing prices to levels incompatible with profitability in many of our cereal farms. Worrying. Farmers in a province as cereal-producing as Palencia (with almost 270,000 hectares of winter cereals-grain in the current 2023-2024 campaign) face sowing planning in the coming weeks with a discouraging outlook regarding the prices of their production. Soft wheat has already reached the threshold of 200 euros/tonne this week, while barley has fallen to 183 euros/tonne, which represents a 16% drop for both cereals compared to the price they had a year ago. Even more pronounced is the year-on-year drop in rye (-21%) and, above all, in oats (-37%), ...

Source: InfoAgro