Cereal prices register a monthly and weekly rise in Spanish markets

Published Sep 23, 2024

Tridge summary

Spanish cereal prices have experienced a surge, with soft wheat and barley seeing over a 3% increase in the past week, despite remaining cheaper than the start of the year. This trend is attributed to forecasts of a 5% decrease in European production, though the influx of the US corn harvest is keeping prices in check. Meanwhile, Spanish farmers are seeking anti-dumping measures against Ukrainian cereal imports, which they believe are artificially lowering Spanish market prices and negatively impacting their own profits.

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

Original content

EFEAGRO. Cereal prices have risen in the last week in Spanish markets and so far this month they have accumulated increases of more than 3% in soft wheat and barley, but they are sold cheaper than at the beginning of the year, according to information provided to Efeagro on Monday by the wholesale merchants' association Accoe. In the last week closed (until Friday), the prices and their changes with respect to the previous one were: in soft wheat, 224.00 euros per tonne (+0.87%); corn, 227.09 euros/tonne (+0.32%); barley, 206.85 euros/tonne (+1.12%); malt barley, 212.5 euros/tonne (+0.47%); and durum wheat, 277.75 euros/tonne (-0.53%). Cereal prices began September with an upward trend and, according to Accoe, the monthly increases have been as follows: soft wheat, 3.38%; corn, 2.42%; barley, 3.49%; malt barley, 1.19%; and durum wheat, 0.54%. According to Accoe sources, the upward trend of the last week is due to a "rebound" in prices, due to factors such as the forecasts of the ...

Source: Agroclm