Flour in Hungary is becoming more expensive

Published 2021년 11월 15일

Tridge summary

The article highlights a significant surge in prices for wheat and corn in the Hungarian market, with prices nearly doubling after a period of quietness, reaching over 90,000 forints from previously 40-50,000 forints. The rise in prices is attributed to various factors, including a global shortage and a rise in the price of flour. The article also notes that the increase in retail prices may not result in an equivalent increase in the price of bread, and that the overall price increase could range between 10-15 percent, although several factors could impact the final price by spring.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After the silence of the last 7-8 years, a drastic process of price increase began in the weeks in the market of listed products, so the prices of wheat and corn are almost doubling. Dávid Hollósi, the managing director of Takarékbank Agrárületletág, told InfoRádió that instead of 40-50 thousand forints, the price is now over 90 thousand forints. photo: pixabay.com "Moreover, one hundred thousand forints is not uncommon, it is hardly possible to buy wheat on the Hungarian market today; there is a sucking power on the world market," he said. The three components of strength are: Of course, the price increase also appears in the price of flour, so not much can be expected on the bread front. A few weeks ago, the industry players reassured everyone that there was enough wheat, but according to Dávid Hollósi, the grain was only physically available, and the stocks were already tied up. "In previous years, it was easier to buy crops from the free market, now it's hard. Anyone who ...
Source: AgroTrend

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