Hungary: We must be prepared for a drastic increase in flour

An unprecedented wave of price rises has hit the grain market this year. According to the latest data of the Agricultural Economics Research Institute (AKI), wheat was already quoted above HUF 90,000 per tonne on the Hungarian stock exchange in October, which is 46 percent higher than in the previous year. World market prices have also risen sharply, with exports of milled wheat in France, for example, rising by $ 33 to 322 last month. photo: pixabay.com The rise in prices is not yet over. According to Tamás Petõházi, the president of the National Association of Cereal Growers, further price increases can be seen in the western markets, which is likely to affect domestic prices as well. However, it would be premature to say how much the price could go up at home. Higher crop prices are a problem if the next players in the product chain - the milling industry and bakers - are unable to pass on the increased raw material costs in the transfer prices, the expert pointed out. Zsófia ...