Spain: Will tensions return to the cereal market?

Published 2022년 9월 22일

Tridge summary

The article highlights the potential impact of the Russian-Ukrainian conflict on the global cereal market, with the possibility of increased tensions leading to higher prices due to reduced exports from Ukraine. The conflict could also result in the reactivation of Hungary's agreement to open Ukrainian ports for cereal export, although this is currently under threat due to Russia's actions in response to Ukraine's advance in separatist areas. The situation has already caused a surge in cereal prices in the international market. Additionally, the article provides a snapshot of the current prices for various agricultural products and livestock in Leon, including corn, barley, milk, and meat, offering an overview of the market situation for these commodities.

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

Original content

The foreseeable increase in the escalation of violence in the Russian-Ukrainian conflict may put pressure on the cereal market again, although it is difficult to anticipate the consequences it will have in the medium term. On the one hand, the agreements reached with Hungary to open Ukrainian ports and export cereals are now opposed by a reactivation of the conflict by Russia, which can even mobilize reservists in the face of Ukraine's advance in the separatist areas that threaten a referendum to join Russia, according to the Lonja report. Thus, in yesterday's session, there was a general rise in the price of all categories of cereals in line with the nervousness prevailing in international markets. In the bean sector, prices for the Canela and Riñón de León varieties began yesterday at €1.60/kg and the Redonda at €1.35/kg. The low supply continues to push the price of sheep meat with more than attractive prices, but with no consequences for the farmer's pocket. LEON AGRICULTURAL ...

Source: Agrodigital