Lower prices due to lower Asian demand. Weather unknowns weigh on the medium-term After a period of extreme volatility and tension for all agricultural commodities, we have entered a slowdown phase also due to the approach of a critical moment for the so-called exogenous speculation of many investment funds that they are starting to monetize the margins acquired so far.
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Lower prices due to lower Asian demand. Weather unknowns weigh on the medium term After a period of extreme volatility and tension for all agricultural commodities, we have entered a phase of slowdown also due to the approach of a critical moment for the so-called exogenous speculation of many investment funds that are starting to monetize the margins acquired so far. . The prices of straw cereals recorded a decline and with them also the barley which in the European markets quickly folded back from the recent highs of over 400 € / t. The reversal is motivated by a significant reduction in international demand, especially in Asia, with an update of the Chinese demand estimates, which despite the expected 2022/23 of incoming volumes of over 10 million / t, in the short term imposing weakness on quotes. However, in the absence of the Australian offer (by now limited) and with the continuing doubts about the possibility of seeing cereals coming out of Ukraine, the commercial pressure ...
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