Data from the European Commission (EC) said the international prices of wheat exports become cheaper up to 40% over a year. The behavior of other commodities such as barley, corn and soybeans, also suffers falls.
Export prices of wheat have been significant annual declines in international markets, ranging from 20% in shipments to the European Union (EU) to 40% in Canada, according to the European Commission, reports Efeagro.
In early January 2016, the US wheat traded at prices ranging between 178 and 190 euros / tonne, representing a decrease of 20% annually, compared to euros, and higher (between -25% -27%) if one considers the dollar as currency.
In the case of the EU and taking as reference the market Rouen (France), the price of corn stood at 165 euros / tonne, representing an annual decrease of 20% (-27% in dollars).
The EC figures indicate that Canadian durum wheat, which is sold at 262 euros / tonne, has experienced a greater decline, of 39%, if he moves to dollars would be 44%.
The price of other commodities also fell. In barley (for animal feed), the prices of the Black Sea have fallen by 9% in a year to 163 euros / tonne; the EU fell by 14% to 158 euros / tonne. US corn trading at 148 euros / ton (-4%) and in the EU at 163 euros / ton (-4%), with reference to the market of Bordeaux (France), according to the EC. In US soybeans, its price is 320 euros / ton (-8%).