Cereals in Germany are more expensive than they were last in 2011
Germany
Published May 14, 2022
Tridge summary
The war in Ukraine has had an impact on the global supply of grain and on grain prices. As reported by the Federal Statistical Office (Destatis), import prices for grain rose by 53.6% in March 2022 compared to the same month last year. The last time the rate of change was higher was in May 2011 (+74.0% compared to May 2010).
Original content
05/13/2022 | 09:20:00 | ID: 33096 | Department: Agriculture | Agrarwirtschaft Wiesbaden (agrar-PR) - The war in the Ukraine has had an impact on the global supply of grain and on grain prices. As reported by the Federal Statistical Office (Destatis), import prices for grain rose by 53.6% in March 2022 compared to the same month last year. The last time the rate of change was higher was in May 2011 (+74.0% compared to May 2010). The price increases apply to all types of grain: in March 2022, wheat rose by 65.3% compared to the same month last year, barley, rye, oats also by 65.3% and corn by 37.4%. However, the prices for imported grain had already risen significantly before the Ukraine war - since January 2021, the monthly rates of change have been in the double-digit range compared to the same month last year. There are many reasons for the price increase: high global demand and a shortage of supply due to poor weather conditions in important growing countries such as the USA, ...
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