Devastating news came from Hungarian lands: do you have to get used to this?

Published Aug 24, 2024

Tridge summary

Farmers in Hungary have been facing challenges due to extreme weather conditions, including drought and heavy rain, which have affected crop quality and harvest times. The quality of this year's rye grains and wheat is inferior to last year's, with lower protein content, leading to a shift in the market towards feed-grade wheat. Despite the lower quality, Hungary's total harvest of nearly 5 million tons of wheat and 1.5 million tons of barley meets domestic demand. The current price of winter wheat is around HUF 60-65,000 and is expected to increase. No domestic grain has been reported to contain toxins, and there are efforts to exclude Ukrainian corn imports to support domestic producers.

Overall, the weather conditions have caused significant damage to crops, particularly corn and sunflower, with over a quarter of Hungary's corn sown suffering damage in the southeastern part of the country. The government is considering changes to allow farmers to participate in damage mitigation. The article also notes that while crops in other countries are in good condition or meeting expectations, the potential surplus from Western Europe and America could balance out any yield expectations in Ukraine.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Not only the market processes, the weather has also been quite extreme in recent months. Farmers had to contend with the lack of sufficient rainfall in early spring and heavy rains in early summer. After that, the ripening of the ears accelerated in parallel with the heat wave that arrived at the beginning of July and lasted for weeks, as a result of all this, the optimal time window for harvesting moved forward. By the second half of July, most of the crops were in the granaries. MÁSZ learned from Zoltán Reng, the general manager of Hungrana Kft., that the hectic weather was reflected in rye grains, especially wheat. Based on the tests carried out so far, it can be stated that the quality of this year's crop is inferior to last year's, this is especially true for the protein content of the wheat grains. This is the reason why buyers can find more feed-grade wheat and less mill wheat on the market. Overall, higher than average yields were associated with slightly lower content ...
Source: Agronaplo
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