The price of edible wheat rose in Hungary at the end of July

Published Aug 8, 2024

Tridge summary

The International Grains Council forecasts a 1% increase in the global wheat harvest for 2024/2025, reaching 801 million tons. The IGC also expects the use of wheat to be 802 million tons, with 269 million tons expected to be stored at the end of the season. Southern and southeastern European member states have concluded their wheat harvest, with good results reported, except in Northwestern Europe due to a poor barley harvest. The EU has revised its expected wheat harvest upwards to 122.3 million tons, largely due to positive harvests in Bulgaria and Spain. However, France is projected to see a 16% decrease in wheat harvest from the previous year, while Spain's harvest is anticipated to more than double. In Hungary, the average yield of edible wheat is 5.8 tons/hectare, and the producer price for edible wheat is HUF 73.9 thousand per ton without VAT and transport costs.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the July forecast of the International Grains Council (IGC), the global wheat harvest in 2024/2025 is 1 percent higher than the previous season, at 801 million tons. for the financial year. The expected use may be 802 million tons, and 269 million tons of wheat may remain in storage at the end of the season. According to the July information provided by the French market analysis company Tallage, the wheat harvest in the southern and southeastern European member states came to an end at the beginning of July. In these areas, with the exception of Italy, good results were also achieved in terms of yields and crop quality. The initial results are also positive in Central Europe. In Northwestern Europe, due to the rather poor barley harvest, worse wheat yields are also expected. Compared to a month earlier, the experts of Tallage revised the expected wheat harvest of the European Union upwards to 122.3 million tons, thanks to the good harvest in Bulgaria and Spain. Among the main ...
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