Cereal prices in Spain fall under pressure from good international supply

Maize (Corn)
Published Apr 16, 2024

Tridge summary

Recent reports indicate a decline in cereal prices within Spanish markets, attributed to the anticipation of favorable harvests across the northern hemisphere. This trend, highlighted by wholesale trade sources and the Accoe association, reflects adjustments in international markets. Notably, the prices for soft wheat, corn, barley, and malt barley have all seen decreases since January 2024. This shift underscores the significant impact that the prospect of abundant harvests has on market prices, offering a glimpse into the dynamics influencing cereal pricing.
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 wholesale trade sources informed Efeagro this Monday. The markets are "readjusting" in the face of 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 association of wholesalers Accoe. These have been the prices and weekly changes of cereals: soft wheat, 217.68 euros/ton (+0.98%); corn, 214.82 euros/ton (-1.1%); durum wheat (unlisted); ...
Source: PEefeagro
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