News

Spain: Cereal prices fall under pressure from good international supply

Wheat
Published Apr 16, 2024

Tridge summary

Recent reports from the Accoe wholesale trade association highlight a decline in cereal prices in Spanish markets over the past week, attributed to the anticipation of favorable harvests due to good weather conditions in the northern hemisphere. While common wheat prices saw a minor increase, prices for corn, barley, and malt barley have fallen. Since January 2024, there has been a notable decrease in the prices of these cereals, with reductions of 10.09% for common wheat, 7.83% for corn, 9.25% for barley, and 11.24% for malt barley, reflecting the market's response to international pressures.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cereal prices have fallen in Spanish markets in the last week, reflecting the "pressure in international markets" due to the prospects for good harvests, as reported this Monday by wholesale trade sources. The markets are "readjusting" given the "optimal weather conditions in the northern hemisphere, which predict a good harvest", which has been reflected in Spanish prices during the last closed week of this month (until Friday), according to sources from the Accoe wholesale trade association. These have been the prices and weekly changes of cereals: common wheat, 217.68 euros/ton (+0.98%); corn, 214.82 euros/ton (-1.1%); durum wheat (unlisted); ...
Source: Agrodiario
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