This is how much wheat and corn cost in Hungary now

Published 2024년 12월 11일

Tridge summary

The International Grains Council forecasts a slight increase in the global wheat harvest for 2024/2025, with dry weather in Central Europe and France allowing for continued sowing. However, consumption is expected to surpass harvest results, leading to a decrease in closing stock. The EU is projected to see an increase in sown wheat area, with Hungary also expected to increase its winter wheat harvest. The average producer price of wheat and feed wheat in Hungary has also increased significantly year-on-year. The global corn harvest is predicted to exceed consumption, with the EU expected to see a decrease in yield in Romania, while Germany's corn harvest is progressing well. Prices for feed corn in Hungary have also seen a significant increase.

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

Original content

In the November forecast of the International Grains Council (IGC), the global wheat harvest in 2024/2025 is 796 million tons, 1 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 805 million tons. The closing stock of the crop may be 263 million tons (-3 percent) in 2024/2025. at the end of the financial year. According to the French market analysis company Tallage in November, drier weather in Central Europe and France - after the storms Boris and Kirk - in the second half of October allowed sowing work to continue, while Spain was hit by floods. In contrast, in Romania and Bulgaria there was very little precipitation, while in Germany and Poland the weather was favorable for sowing and plant development. Despite the fact that wheat was sown late in the northern member states, the condition of the plants is satisfactory. If the current sowing intention is realized, winter wheat can be ...

Source: Agronaplo