Cereal prices rise slightly in Spain without impacting the vetoes on Ukrainian grain

Published 2023년 9월 25일

Tridge summary

Cereal prices in Spanish wholesale markets have slightly increased, but the vetoes from Eastern European countries on Ukrainian cereal have no commercial impact. Soft wheat, barley, and corn prices have all risen, while durum wheat prices have fallen. The general secretary of Accoe stated that the unilateral vetoes have political, but not commercial, scope and that countries like Russia and Brazil have abundant cereal harvests that can compensate for any supply difficulties.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EPHEAGRUS. Cereal prices have registered slight increases in Spanish wholesale markets, but the vetoes of Eastern European countries such as Poland on Ukrainian cereal "have no commercial impact," as sources from the Accoe merchant association informed Efeagro this Monday. The prices recorded in the Spanish markets during the last closed week (until last Friday) reflect that soft wheat rose by 0.15% weekly, to 254.54 euros/ton and barley by 0.79% to 237 .03 euros/ton. Corn registered an increase in prices of 0.6% to 255.41 euros/ton; On the contrary, durum wheat fell 3.1% to 390 euros/ton. So far this year, grain markets have experienced the following price declines: soft wheat (-23.89%); durum wheat (-14.6%) and barley (-25.45%). The general secretary of Accoe, José Manuel Álvarez, has pointed out that the unilateral vetoes that Poland and Hungary and Slovakia apply to Ukrainian shipments "have political but not commercial scope," because they do not ...
Source: Agroclm

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