Poland: Import of grain from Ukraine did not disturb the grain market
Poland
Ukraine
Published Oct 26, 2022
Tridge summary
The pandemic and the war in Ukraine increased the demand for grain. Additionally, the war limited the supply of cereals, as a result of which world prices grew dynamically and prices on the domestic market adjusted to this trend. In mid-October this year. consumption wheat cost PLN 1,592 / t, i.e. by more than 26 percent. more before the outbreak of the war and over 100 percent. more than in 2020.
Original content
The pandemic and the war in Ukraine increased the demand for grain. Additionally, the war limited the supply of cereals, as a result of which world prices grew dynamically, and prices on the domestic market adjusted to this trend. In mid-October this year. consumption wheat cost PLN 1,592 / t, i.e. by more than 26 percent. more before the outbreak of the war and over 100 percent. more than in 2020. Corn cost an average of PLN 1,429 / t, by 30 percent. more than before the outbreak of the war and also over 100 percent. more compared to the prices from two years ago - emphasized the Minister of Agriculture. The highest prices of wheat and maize were recorded in Poland in May-June this year. In the following months, cereals became slightly cheaper. This was due to the partial unblocking of Ukrainian ports on the Black Sea, combined with good harvest forecasts for this year. Data from market participants show that the course of domestic grain purchases is stable, and the purchases ...
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