Substantially lower prices on the grain market

Grain market prices fell sharply again to €372.5 last week. The start of the new harvest in the US and Europe is progressing rapidly, keeping the market under pressure.

Wheat prices fell by 9% a fortnight ago, but this decline continued with a 6.5% drop in the Paris market last week. This impact is being felt around the world, as in Chicago the price has also fallen by around 10%. In short, the price has been considerably reduced in 2 weeks.

One reason for this reduction is that Russia has increased its production, estimated at around 89.2 million tonnes, which would be a record. However, Russia still uses the high indicative export prices for the calculation of export duties. However, the levies, which are now published in roubles, have been reduced to around €78 per tonne. This is around €62 per tonne less than last week.

We also see a market that is rather reassured that the situation has not worsened on the Ukrainian front. Analysts estimate that between 1.5 and 1.7 million tonnes of grain (all commodities) are now leaving Ukraine each month, still 5-6 times less than before.

Derniers billets postÚs

These five cuisines from around the world that want to make their mark on the shelves

The context: a slightly declining market The world food aisle is experiencing a slight decline in volume ...

Lire la suite

Cristaline breaks into the top 3 of most chosen brands

Kantar Worldpanel has just unveiled its Brand Footprint France 2024 ranking. Among the highlights: the ...

Lire la suite

April 2024 Innovations

This April 2024 is marked by a wave of innovations in the consumer sector, with products that meet consumer ...

Lire la suite


Soyez le premier à poster un commentaire !

Ajouter votre commentaire

Les informations recueillies sont utilisées pour publier votre commentaire. Conformément au "règlement général sur la protection des données personnelles", vous pouvez exercer votre droit d'accès aux données vous concernant et les faire rectifier en contactant Sutralis par email ( Consulter les détails du consentement.

Combien font neuf moins cinq ? (chiffres) :

Haut de page