Weekly cereal prices continue to rise in Spanish markets

Published 2024년 9월 16일

Tridge summary

Spanish markets have seen a rise in cereal prices over the past week, with soft wheat, corn, barley, durum wheat, and malt barley all experiencing increases, according to the wholesale merchants' association Accoe. The secretary general of Accoe, José Manuel Álvarez, suggests that this increase is due to global tensions, particularly in the Black Sea region, and may be temporary as a record harvest is anticipated globally. When compared to January 2024, all cereal prices have seen a decrease.

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

Original content

Cereal prices have maintained their upward trend this month in Spanish markets in the last week, according to data provided this Monday to Efeagro by the wholesale merchants' association Accoe. In the week ended (until Friday), prices and their changes with respect to the previous week have been: soft wheat, 222.06 euros/tonne (+2.48%); corn, 226.35 euros/tonne (+1.40%); barley, 204.55 euros/tonne (+1.17%); malt barley, 211.5 euros/tonne (+0.23%); and durum wheat, 279.25 euros/tonne (+2.48%). The secretary general of Accoe, José Manuel Álvarez, has stated, however, that the upward trend is "apparently temporary", because on a global scale "a record harvest" is expected. In addition, he attributed the increases to news about tensions in places such as the Black Sea, ...

Source: PEefeagro