Producer prices for wheat and corn decreased compared to last year in Hungary

Published 2023년 3월 29일

Tridge summary

The Agricultural Economics Institute (AKI) of Hungary has reported a significant decrease in the prices of edible wheat, feed wheat, and feed corn compared to the previous year. The producer price of edible wheat has dropped by 19%, fodder wheat by 13%, and feed corn by 11%. The price of industrial sunflower seeds has decreased by 28%. This decrease in prices is due to a anticipated slowdown in international demand, potential record wheat harvest from Australia, and a large supply in the market. None of these prices have reached the levels of 2021.

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

Original content

The price of edible wheat, as well as feed wheat and feed corn in Hungary decreased significantly compared to last year, but none of them have yet reached the level of 2021, reads the report of the Agricultural Economics Institute (AKI). (Photo: Pixabay) The producer price of edible wheat excluding VAT and transport costs was HUF 88.2 thousand per ton, a decrease of 19 percent in one year. The price of fodder wheat decreased by 13 percent, to HUF 86.5 thousand per ton. Feed corn became cheaper by 11 percent compared to the same period last year, in the third week of March it cost HUF 92.3 thousand per ton. The same amount of industrial sunflower seeds cost HUF 189.9 thousand according to the total, the annual price decrease is 28 percent. Experts ...

Source: Trademagazin