Global grain prices hover around Ukraine's pre-war levels in volatile markets
Published Jan 23, 2023
Tridge summary
The prices of cereals and other raw materials have fallen so far in 2023 in markets whose situation resembles the "normal" situation prior to the war in Ukraine, although with a lot of volatility and a sufficient but tight and declining supply The grain markets, including the Spanish one, are experiencing a moment of relative relaxation and with a downward trend in prices, but which can be reversed at any time by any news in the northern or southern hemisphere, especially weather.
Original content
The prices of cereals and other raw materials have fallen so far in 2023 in markets whose situation resembles the "normal" situation prior to the war in Ukraine, although with a lot of volatility and a sufficient but tight and declining supply .The grain markets, including the Spanish one, are experiencing a moment of relative relaxation and with a downward trend in prices, but which can be reversed at any time by any news, in the northern or southern hemisphere, especially weather. Last Friday, the European stock market operator Euronext in Paris and on the Chicago stock exchange registered falls of up to 4.5% in wheat and corn futures contracts. A moment "with no apparent trend", as described by sources in the sector to Efeagro, which contrasts with a dizzying 2022 due to the Russian invasion of Ukraine."It seems that prices are returning to normal before the war, after an unprecedented year , with strong peaks and price rises", as stressed by the general secretary of the ...
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