Cereal prices experience a slight decline in Spanish markets

Published 2024년 10월 28일

Tridge summary

Spanish cereal prices have experienced a slight decrease in the last week, according to the wholesale merchants' association Accoe. The prices of soft wheat, corn, barley, and durum wheat have all dropped by a small margin. However, malting barley prices have remained stable. Internationally, there is an abundance of unmarketed stocks, leading to a heavy scenario. The selling pressure has been gradually increasing as international markets have focused on the heavy stocks situation, rather than geopolitical and climatic situations. Since the beginning of the year, the prices of soft wheat, durum wheat, barley, oats, and malt barley have all decreased, while corn is the only cereal to have become more expensive.

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

Original content

Cereal prices have fallen slightly in Spanish markets in the last week, while internationally there is a very "heavy" scenario due to the abundance of unmarketed stocks, according to commercial sources reported on Monday. In the last week closed (until Friday), the prices provided to Efeagro by the wholesale merchants' association Accoe reflect these changes: soft wheat, 233.6 euros per tonne (-0.64%); corn, 236.7 euros/tonne (-0.05%); barley, 216.4 euros/tonne (-0.5%); and durum wheat, 283.5 euros/tonne (-0.08%). Malting barley has remained stable, at 230.50 euros/tonne. In the Spanish markets, the main cereals have registered price drops, but there is a certain "resistance" in some areas waiting to see if the new international trend is consolidated or not, according to Accoe. Regarding the main international markets, they added that "selling pressure has been gradually increasing throughout the week." "The international markets have stopped, for the moment, paying attention to ...

Source: PEefeagro