Cereal prices continue to decline in Spain with no signs of change in the short term

Grains, Cereal & Legumes
Market & Price Trends
Published Feb 27, 2024

Tridge summary

Spain has seen a continued decrease in cereal prices, with all types experiencing a decline in the last week, as reported by the Accoe wholesale merchant association. The most significant drops were seen in durum wheat (3.5%) and barley (1.4%). When compared to January 2023, the price reductions are even more substantial, with common wheat down by 34.55%, corn by 34.45%, barley by 33.73%, durum wheat by 25.55%, and malt barley by 30.18%.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Cereal prices have registered new weekly drops in Spanish markets and operators assure that the downward trend has little sign of changing in the short term, as sources from the Accoe wholesale merchant association have informed Efeagro. All cereals have registered price declines in the last closed week (until last Friday). The prices and falls have been the following: common wheat, 218.91 euros/ton (-1.22%); corn, 210.06 euros/ton (-1.01%); barley, 210.71 euros/ton (-1.4%); durum wheat, 340 euros/ton (-3.5%); and malt barley, 229.25 euros/ton (-0.5%). Compared to the first week of this month, the prices of common wheat have fallen 3.89%; that of corn, 3.93%; barley, 4.19%; durum wheat, ...
Source: PEefeagro
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