Spain: The lack of confirmation of both agronomic and geopolitical developments stabilize the cereal sector in León
Spain
Published Oct 27, 2022
Tridge summary
Despite the warning from the Ukrainian Minister of Agriculture about the fear of a halt in cereal exports from his country through the Dead Sea, at the session of the León fish market, held on Wednesday 25 in Santa María del Páramo, the lack of confirmation of the news stabilize the sector in the price of cereals with a slight correction of 1 euro per ton for both wheat and corn.
Original content
At the moment, the markets are waiting for the geopolitical developments in the Ukraine conflict to materialize in one way or another, mainly because on November 22 the agreement between Ukraine and Russia that facilitates the export of grain via Turkey expires, Although today they are very slowed down by Russia, the planned objective has already been partially fulfilled since to date almost 9,000,000 tons of grain have left the Ukrainian ports; exports by rail and road have been practically testimonial due to the high cost. In the agronomic aspect, no surprises are expected from now on, since the worldwide production data will practically not vary, and from now on the focus will be on the sowings of the new campaign. As for Europe, it will be necessary to take into account that the new reform of the CAP comes into force, which may influence the sowings to comply with the reinforced conditionality and the eco-regimes, and there may be a drop in cereal surfaces. In the bean sector, ...
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