Rapeseed prices stabilize while cereal prices continue to decline in Spain

Published Aug 31, 2024

Tridge summary

The article reports a decrease in cereal prices in Spanish markets, influenced by international markets and the availability of cheap goods from the Black Sea. Despite expected lower production in Europe due to poor harvests in Romania for wheat and corn, prices are not increasing. The drop in prices varies for different cereals, with rapeseed prices remaining stable while cereal prices continue to fall. The Governing Council of the Acor cooperative has set a higher settlement price for rapeseed delivered by its members in July, while the Ebro Market has reduced the reference value of this oilseed.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of cereals continues to fall at the Spanish markets, influenced by news from international markets. The poor wheat harvest in Europe is not affecting prices, as cheap goods from the Black Sea continue to enter the ports. There is another paradox, in this case in relation to corn. A lower production is also expected in Europe, due to an extreme drought in Romania (main producer of this cereal), but prices are not picking up. The reason is that the USA expects record yields, according to the León market. At the Salamanca market, soft wheat has lost one euro and is at 210 per tonne, while barley has dropped by the same amount and its reference value is set at 191. Triticale has also lost one euro and is at 200. The drop in oats is more intense, by two euros, with a price of 190 euros per tonne. Rye fell by 2 and is now at 183, while corn also lost 2 euros and is now at 222 euros per tonne. The León market reflects a drop of 2 euros for both soft wheat (which is now at 200 ...
Source: Campocyl
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