Hungary: Wheat and corn prices continue to skyrocket

Published 2022년 7월 15일

Tridge summary

The International Grains Council forecasts a global wheat harvest of 769 million tons for 2022/2023, with consumption expected to be 779 million tons, resulting in 273 million tons of wheat in storage. The harvest projections for major producing countries are mixed, with increases in Germany and decreases in Romania and Poland. The average producer price of wheat in Hungary has increased, and the IGC projects the world's corn crop to be 1,190 million tons in 2022/2023, with consumption indicated at 1,204 million tons and the closing stock at 271 million tons. The planting and harvest projections for corn in the EU, Romania, Poland, and Hungary, as well as major growing areas in Italy and Germany, are provided, with price changes in Hungary and on international exchanges.

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

Original content

In its June forecast, the International Grains Council (IGC) indicates 769 million tons (-1.5 percent) in 2022/2023. expected global wheat harvest in the economic year - agrarszektor.hu cites the latest report of AKI. The forecasted consumption may be 779 million tons, so 273 million tons of wheat may remain in storage at the end of the season. According to Tallage experts, 124.1 million tons (-5 percent) of winter wheat can be harvested this year from 21.7 million hectares, which is almost the same as a year ago. Among the main producing member countries, France can harvest 33.5 million tons of wheat (-5 percent) from 4.9 million hectares, 3 percent less than last year. In Germany, 22.1 million tons (+4 percent) of crops from 2.9 million hectares may go into storage in the summer of 2022. In Romania, 8.6 million tons (-23 percent) were emitted from 2.1 million hectares, and in Poland, 11.6 million tons (-4 percent) from 2.4 million hectares. In Bulgaria, a 2 percent smaller area ...

Source: Agronaplo