The summer harvest in Hungary starts unusually early this year

Published Jun 20, 2024

Tridge summary

The grain market has stabilized, with Hungarian exports increasing significantly, reaching 3.3 million tons in the second half of 2023, up from 1.9 million tons in the same period in 2022. Despite weather extremes and a lack of precipitation in the Great Plain, the sowing area for summer-harvested crops has decreased, while autumn-harvested crop areas have grown by 11 percent. The harvest began early and is expected to conclude soon with average yields. Producers are advised to sell their grain rather than stockpile it.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Zsolt Feldman, the grain market environment has somewhat settled down compared to previous years, the adverse effects of the war in Ukraine have significantly decreased, Hungarian exports have regained their momentum, so according to feedback, the utilization of domestic warehouses has dropped below 10 percent at the start of the harvest. Hungary exported 1.9 million tons of grain in the second half of 2022, and 3.3 million tons in the second half of 2023. Exports to Italy performed particularly well, almost half of the 2.1 million tons of grain exports in the first three months of this year went there, thus reversing the decline characteristic of recent years. The weather extremes did not cause significant damage this year, but a significant part of the Great Plain lacks precipitation. Based on the uniform requests, the sowing area of summer-harvested crops has decreased. Compared to last year, winter wheat grows on 864,000 hectares, an 18 percent smaller area, and ...
Source: Mbtt

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