The upward trend in cereal prices in Spain is consolidated

Published 2024년 10월 18일

Tridge summary

Spain is experiencing a surge in cereal market prices, with the exception of Valladolid and Palencia, due to international developments and upcoming harvests. The rate of increase is influenced by stock levels at the ports. Aragonese market sees barley and soft wheat prices rising significantly, while the Castilian market offsets this trend with a rise in sunflower prices. Salamanca's market experienced substantial increases only without sellers participating. León's market saw a smaller increase in prices. Catalonia reports mixed prices, with some increases and decreases in different cereals. Andalusia reports an increase in soft wheat and oats, while barley and imported corn see a larger increase. The overall trend is an upward one in cereal prices across Spain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Price increases continue in the national cereal markets. The buying and selling of grain is still very much at a standstill because many farmers are still waiting for prices to rise. Many of them say that current prices are far from covering costs, although they have already been rising for several weeks. The only market that is not rising is that of Valladolid and Palencia. The sector is at the mercy of what may happen internationally and of the harvests of the major producing countries, but at the moment there is stock in the ports, so it is estimated that the increases are not excessive yet. Let's go with the weekly review of the most important Spanish markets: The trend of price increases continues on the Aragonese market. Given this improvement, producers are deciding not to sell even though there is demand from buyers. Barley is rising between 3 and 8 euros due to this lack of supply. Soft wheat is experiencing interesting increases of 7 euros in almost all its varieties. ...
Source: Campocyl

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