Spain: Pessimism continues in the cereal markets with falls of between 10 and 14 euros in the León market
Maize (Corn)
Fresh Common Potato
Vegetables
Spain
Published Mar 16, 2023
Original content
Pessimism continues to be established in the national markets and purchases are slowing down while waiting for new opportunities, although sellers are not willing to face losses for the moment either. Thus, in the session of the Lonja de León held this Wednesday the 15th in Santa María del Páramo, more than significant drops of between 10 and 14 euros per ton for all winter cereals. Only corn has moderated losses with €5/MT. At the international level, on the contrary, the week began with upturns in the cereal markets influenced by the disappointment that the agreement for the export of grain from Ukraine will only be extended by 60 days, which adds uncertainty. The drop in oil and the banking crisis in the United States are not helping either and have a negative influence on the decline in part of this rebound, so it is to be expected that this idea that pessimism continues will continue for a while. On the contrary, the rise in the price of potatoes continues, although there is ...
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