Spain: The trend turns again in favor of farmers and wholesale prices of cereals rose again except oats and barley

Published 2020년 11월 23일

Tridge summary

Wholesale prices of cereals in Spain experienced a uptick last week, with the exception of malt barley and oats, which remained stable and decreased respectively. The most significant increase was seen in corn, followed by common wheat, durum wheat, and barley. The price hike comes after the Spanish Cereals and Oilseeds Trade Association (Accoe) updated the 2020 cereal production data, indicating a record-breaking harvest. Additionally, the prices of soy and other vegetable by-products have also surged notably since the start of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

When it seemed that the good moment was running out, the trend turned back in favor and wholesale prices of cereals rose again last week, with the exception of malt barley, which remained unchanged, and oats, which suffered a decrease, according to the Spanish Cereals and Oilseeds Trade Association (Accoe). The data released this Monday 23rd by Accoe, relating to week 47, reflect that the price of corn reached 210.21 euros per tonne, 0.77% more weekly (the cereal that the trend is turning more strongly again, since at the beginning of October it was 188 euros), and that of common wheat, 210.82 euros, 0.53% higher. The price of barley stood at 186.42 euros per ton, which represents an increase of 0.34% in one week, while durum wheat became more expensive by 0.15%, to 267.40 euros. Malt barley did not undergo changes, so its price remained at 198.67 euros per ton, and the only one of these cereals that became cheaper was oats, by 0.53%, standing at 188.25 euros per ton. Since ...

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