This is how much wheat and corn cost in Hungary now

Published 2024년 11월 2일

Tridge summary

The International Grains Council forecasts a global wheat harvest of 798 million tons for 2024/2025, with consumption expected to be 804 million tons and closing stock at 266 million tons. Rainy weather in the European Union may delay sowing, but the EU is expected to see an increase in winter wheat planting areas. Meanwhile, the global corn harvest is projected at 1,224 million tons, with consumption at 1,231 million tons. The EU is expected to be able to harvest corn from 8.7 million hectares, but yield is expected to decrease by 11%, resulting in a harvest of 58.1 million tons. Hungary has seen a 12% increase in the price of edible wheat and a 27% increase in the price of feed wheat.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the October forecast of the International Grains Council (IGC), the global wheat harvest in 2024/2025 is 798 million tons, 3 million tons higher than the previous season. for the financial year - it is clear from the latest report of the AKI. The expected consumption is 804 million tons. The closing stock of the crop may be 266 million tons (-2 percent) in 2024/2025. at the end of the financial year. According to the October information provided by the French market analysis company Tallage, the rainy weather lasting until early autumn may delay sowing in most of the European Union. Storm Boris caused flooding in southern Poland, Central Europe and some parts of Romania, so in these areas it is necessary to wait for the soil to dry out. In France, Germany, Belgium and the Netherlands, too much rainfall hampered harvesting and sowing. In contrast, the southern part of the Iberian Peninsula and Bulgaria would need more rain. If the current sowing intention is realized, winter ...

Source: Agronaplo