News

Spain: Stability in the grain market

Spain
Published Jan 19, 2023

Tridge summary

In the session of the Lonja de León held yesterday in Santa María del Páramo, stability prevailed in the cereal market, with the exception of corn that lost two euros. The news from foreign markets does not help to define a clear trend in prices, although the behavior is being better in the American market than in the European one, due to the weakness of the dollar against the euro. In the agricultural aspect, the drought continues in Argentina and part of Brazil, there has been an increase in grain exports worldwide and Vladimir Putin's announcement to restrict wheat exports to maintain his strategic reserves help to consolidate prices. As for Spain, the unloading of imported grain in the port of Tarragona continues to slow down, which makes the product more expensive and without unloading security, so that manufacturers in the area of ​​Catalonia and Aragon, who are beginning to get nervous, could resort to make purchases of national cereal, since they are short of stocks, according to the report of the Lonja.

Original content

En la sesión de la Lonja de León celebrada ayer en Santa María del Páramo predominó la estabilidad en el mercado cerealista, a excepción del maíz que perdió dos euros. Las noticias de los mercados exteriores no ayudan a definir una tendencia clara en los precios, si bien el comportamiento está siendo mejor en el mercado americano que en el europeo, debido a la debilidad del dólar frente al euro. En el aspecto agronómico continúa la sequía en Argentina y parte de Brasil, ha habido un incremento de las exportaciones de grano a nivel mundial y el anuncio de Vladimir Putin de restringir las exportaciones de trigo para mantener sus reservas estratégicas ayudan a consolidar los precios. En cuanto a España, sigue ralentizada la descarga de grano de importación en el puerto de Tarragona, lo que encarece el género y sin seguridad de descarga por lo que los fabricantes de la zona de Cataluña y Aragón, que empiezan a ponerse ...
Source: Agrodigital
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