Spanish markets continue to trade lower

Published 2024년 7월 5일

Tridge summary

Spanish cereal markets are experiencing a downturn in prices as the harvest progresses, with slight variations across regions. Prices for barley and wheat have decreased by 2-4 euros, while durum wheat, triticale, and corn have seen smaller declines. The current prices are compared to those of the previous year, showing a decrease. The planting of barley in León has seen a decrease of 15% from the previous year. Additionally, the Toledana Market saw a slight decrease in corn prices, while other national markets continued to trade at lower prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With the harvest already widespread in the Spanish cereal areas, the downward trend in prices that has been experienced for a few weeks does not change in the country's main trading desks. Farmers begin to look helplessly at the tablets in the face of a situation that no one knows if it will continue. Even so, the declines are less pronounced. This is how the most important markets have behaved this week: There have been slight drops in cereal in the Aragonese market. They have not been very pronounced, but the trend does not change. Barley and wheat drop by 2 euros, while durum wheat maintains its prices. Triticale drops by 3 euros, and corn by one. A year ago, barley was 30 euros more expensive in this market. Durum wheats with good protein and good specific weight are entering the port, but with doubts about glass due to the latest rainfall. At the León market session held in Santa María del Páramo this week, barley and rapeseed began to be priced at €186/t and €405/t ...
Source: Campocyl

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