Cereal prices change trend and rise in Spain in December

Published 2023년 12월 11일

Tridge summary

Cereal prices in Spanish markets have seen a slight increase in December, marking a change from the recent downward trend and reflecting international tensions over climate issues. Prices for common wheat, corn, and barley have all increased, but durum wheat and malt barley have remained stable. These increases are attributed to international tensions due to bad weather in certain areas and increased wheat consumption forecasts in the European Union, but futures contracts in international markets have been on a downward trend.

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Original content

Cereal prices have risen slightly in Spanish markets so far in December. They represent a change in trend with respect to the declines of recent weeks and a reflection of international tensions over climate issues. The prices recorded during the first closed week of December in the markets (until Friday the 8th) reflect increases in all cereals except durum wheat, according to data provided this Monday by the Accoe wholesale trade association. These were the following average prices and their variations: common wheat, 241.66 euros/ton (+0.54%); corn, 234.24 euros/ton (+0.21%); barley, 229.23 euros/ton (+0.19%); durum wheat, 267.5 euros/ton (stable), malt barley, 252.75 euros/ton (stable) and oats, 312.83 euros/ton (+0.11%). The general secretary of Accoe, José Manuel Álvarez, has attributed these increases, in statements to Efeagro, to the reflection of the tensions that occurred last week in the international markets due to bad weather in areas such as the Black Sea and a greater ...

Source: PEefeagro