The prices of the main cereals continue in a continuous decline due to the surplus of world supply

The prices of the main cereals do not stop in their downward race, with weekly declines of up to 1.75% in the case of common wheat or 1.71% for barley, due to the excess supply on the international scene. A depreciation of the main cereals that is also produced, despite the worsening state of American crops for both soybeans and corn, according to sources from the Spanish Cereals and Oilseeds Trade Association (Accoe). Thus, the price of barley this last week stood at 233.74 euros/ton (-1.71% weekly), while that of common wheat fell 1.75%, remaining at 255.53 euros/ton, according to the latest Accoe report. The price of corn was 264.24 euros/ton, -0.46% weekly, while that of malt barley was -0.62% (265.67 euros/ton) and that of oats -0.23% weekly and 315.71 euros/ton. Only the value of durum wheat rose, which rose by +1.38% in seven days to reach 390 euros/ton. Since the beginning of the year, common wheat has dropped 23.60% in its price; corn -17.54%; barley -26.48%; durum wheat ...