New increases in all cereal prices in wholesale markets
Everything seems to point to a change in the cereals market. There have been no major leaps or bounds but the truth is that all cereal prices are starting to increase consistently and have begun an upward climb in recent weeks. Following several increases, this change in trend became apparent in the week from 17 to 21 October with an increase in all varieties.
This was maintained in the last week of October, with another consolidation of the increasing prices for all cereals. Although these increases remain small (except for durum wheat, the cost of which rose by a little over 4%), they do seem to highlight a change in trend that is only expected to continue until the end of the year.
Hence, according to the figures released on Monday 31 October by the Spanish Association of Cereals and Oilseed Businesses (ACCOE), the prices for all cereals in the wholesale markets rose during the week from 24 to 28 October.
Cereals posted the following figures: barley, 149.64 euros/tonne (+0.73%); malt barley, 158.83 euros/tonne (+0.52%); durum wheat, 220.33 euros/tonne (+4.33%); corn, 173.48 euros/tonne (+0.56%); and soft wheat, 162.61 euros/tonne (+1.16%).
However, it should be remembered that prices have fallen since January 2016 and these decreases stand as follows: durum wheat (-13.59%); barley (-16.35%); soft wheat (-11.6%) and corn (-1.53%).