In a constant decline, the prices of the most prominent cereals continue their downward trend, experiencing significant weekly setbacks. Common wheat has registered a depreciation of 1.75 %, while barley is not far behind, with a decrease of 1.71 %. These decreases are attributed to the excess supply that prevails on the international scene.
Even despite worsening growing conditions in the United States for crops such as soybeans and corn, the values of the main grains continue to decline. According to sources from the Spanish Grain and Oilseed Trade Association (Accoe), this negative trend persists.
Analysis of the latest Accoe report reveals that the barley price has settled at €233.74 per tonne, representing a weekly decline of 1.71 %. For its part, soft wheat has experienced a decline of 1.75 %, standing at 255.53 euros per ton.
Regarding other cereals, corn has had a price of 264.24 euros per ton, with a weekly reduction of 0.46 %. Malt barley, for its part, registered a fall of 0.62 %, reaching 265.67 euros per ton. Oats, with a decrease of 0.23 % in the week, have been quoted at 315.71 euros per ton.
However, in this bleak picture, a rebound in the value of durum wheat stands out, which has experienced an increase of 1.38 % in just seven days, reaching a value of 390 euros per ton.
The numbers accumulated since the beginning of the year do not offer an encouraging picture. Soft wheat has suffered a price decrease of 23.60 %, while corn has fallen by 17.54 %. For its part, barley has registered a decrease of 26.48 %, durum wheat has suffered a reduction of 14.60%, malted barley has fallen by 19.09 % and oats has experienced a decline of 5, 76 %.
K. Tovar
Source: Bancaynegocios
(Reference image source: Unsplash+)
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