Experts from the Polish bank estimate that the average purchase price of wheat in 2022 will be 25-35 percent higher
Wheat
Poland
Published Jan 5, 2022
Tridge summary
Experts from Bank PKO BO estimate that the average purchase price of wheat in 2022 will be 25-35 percent higher. y / y, with a gradual decline in dynamics in the following months of the year. According to bank analysts, the harvest in 2022 in some important production areas will be reduced (in relation to the potential) due to reduced fertilizer consumption.
Original content
It will be connected with their limited availability and the historically low level of the relation between the prices of cereals and the prices of fertilizers, reducing the profitability of their use. In addition, the increase in gas prices, due to the reduction in supplies by Russia in the second half of December, will probably bring about further increases in fertilizer prices, says Mariusz Dziwulski from the Sector Analysis Team of PKO BP. Therefore, no one in the first days of January 2022 should be surprised by the stagnation in the sale of cereals. Currently, only employees can be found in purchasing centers. Sellers are like medicine. Cereal producers are waiting for new price lists, and these should appear in the second half of January. Currently, a ton of consumption wheat can be sold at a price of PLN 1,100 to PLN 1,360, and a fodder wheat at a price of PLN 980 to PLN 1,340. Purchasing entities offer PLN 900 - 1,200 per ton of consumption rye, and consumption barley ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.