The Hungarian flour market may overturn in the summer

Published 2022년 5월 12일

Tridge summary

The flour market in Hungary has seen quiet times post-Easter as people stocked up for the holiday, with the government extending the price stop until the end of June to prevent price fluctuations. However, a significant price increase is expected in late May or early June, with the transfer price of wheat expected to rise by approximately HUF 15 due to increased costs. The war in Russia-Ukraine has also impacted the global grain market, affecting Ukrainian exports and leading to a potential grain deficit in the Middle East, North Africa, and Turkey. This deficit could result in countries offering high prices for Hungarian wheat, potentially rendering the government's right of pre-emption useless. In the meantime, producers are holding onto their wheat stocks, keeping prices high due to the potential for disrupted Ukrainian deliveries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Now the flour market is quiet, Zoltán Lakatos, the chairman of the grain processing department of the Grain Association and the chairman and CEO of Hajdú Gabona Zrt., Told VG, adding that people were shopping for Easter. Meanwhile, it is revealed that the government will extend the price stop until the end of June. The next price increase is likely to break this silence and increase traffic. This is expected to happen soon in the second half of May and early June. The transfer price of around HUF 160 per kilogram will be increased by approximately HUF 15 due to the increase in costs. The price of wheat has more than doubled since the harvest, and the delivery price of flour per kilo has risen from HUF 80-90 to HUF 160. From the beginning of July - from the expected release of the extended price stop - a larger-than-planned price increase is expected, said Zoltán Lakatos. Considering the current stock exchange prices, the price of wheat is expected to be HUF 135,000 per tonne for ...

Source: AgroTrend