Hungaray: Grain prices have shot up, but there is no threat of stock shortages
Frozen Bone-In Beef
Sunflower Seed
Published Nov 18, 2022
Tridge summary
According to the October forecast of the US Department of Agriculture (USDA), 782 million tons of wheat may be harvested in the world in 2022/2023. financial year. Analysts indicate the global consumption of the crop at 790 million tons, which would be 0.5% less than a year earlier. The global turnover of wheat may be 208 million tons (+1%), so by the end of the economic year, the size of accumulated wheat stocks may decrease by 3% compared to the previous season to 267.5 million tons.
Original content
According to AKI PÁIR data, the producer price of edible wheat in Hungary excluding VAT and transport costs is 137.2 thousand forints/tonne (+65% compared to a year earlier), that of feed wheat is 130.4 thousand forints/tonne (+55%), the for fodder corn was 138.4 thousand HUF/ton (+63%) in the first week of October. At the same time, the producer price of industrial sunflower seeds (including sunflower seeds with high oleic acid content) is HUF 274.4 thousand/ton (+52%), rapeseed is HUF 266.2 thousand/ton (+32%), soybeans are HUF 254.7 thousand/ton tons (+18%). Full-fat (extruded) soybeans (30-40% crude protein, 17-23% crude fat and up to 12% water content) were sold at HUF 245.7 thousand/ton (+36%) excluding VAT and shipping costs at the same time. The average world market price of white sugar in August 2022 was EUR 534/ton, unchanged compared to July. *** According to data from the European Commission, the community (EU27) sold 293,000 tons of live cattle and beef on the ...
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