The cessation of bombing in the Black Sea brings calm to price developments in Spain

Published Jul 26, 2023

Tridge summary

The temporary halt in attacks on Ukrainian infrastructure has led to investors taking profits in the cereal market, despite ongoing market instability. Straw prices have increased by 2 euros per ton due to low supply, while the price of irrigated alfalfa has significantly dropped due to a good harvest. However, the beef market continues to decline due to decreased consumption and slower exports, as consumers perceive the meat to be unaffordable.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the session of the León market held this Wednesday, all the cereal categories were repeated. Although great instability continues to persist in the markets, the calm generated by the momentary cessation of attacks on Ukrainian infrastructure has led to investors taking profits. But always with an eye on the possible escalation of the conflict. Increase of 2 euros per ton in straw. The low supply continues to tighten prices, contrary to what is happening to alfalfa: a good cut in irrigated alfalfa has resulted in a significant drop in the price. The downward trend in beef continues, both in livestock and meat. The decrease in consumption, motivated by consumers' perception that this type of meat continues to have prices that are not affordable for the average pocket, added to a slowdown in exports, is having a negative impact on the sector. — LEON AGRICULTURAL MARKET QUOTES FOR AGRICULTURAL AND LIVESTOCK TABLES 07-26-2023 *Corn with less than 15% humidity. ** Barley specific ...

Source: Campocyl