The global prices of wheat and corn are worryingly low
Wheat
Bulgaria
Russia
Published Jun 1, 2023
Tridge summary
In Hungary, table wheat was traded in the second week of May 2023 at an average producer price of HUF 72.7 thousand per ton without VAT and transport costs, which was 45 percent lower than a year earlier. Feed corn was sold at a 39 percent lower price of HUF 76.8 thousand per ton in the second week of May. On the Budapest Stock Exchange, the ISCC NUTS II sustainable fodder corn price dropped to HUF 85,000 by 3,000 in July, HUF 83,000 by November 4,000, and HUF 85.5 thousand by December by HUF 4,500 between May 8 and 19.
Original content
In Hungary, table wheat was traded in the second week of May 2023 at an average producer price of HUF 72.7 thousand per ton without VAT and transport costs, which was 45 percent lower than a year earlier. Feed corn was sold at a 39 percent lower price of HUF 76.8 thousand per ton in the second week of May. On the Budapest Stock Exchange, the ISCC NUTS II sustainable fodder corn price dropped to HUF 85,000 by 3,000 in July, HUF 83,000 by November 4,000, and HUF 85,500 by December 4,500 between May 8 and 19. The report of the Agricultural Economics Institute stated that the immediate export price of milled wheat arriving in Rouen (FOB) fell by $10 to $269, from $11 in June to $270, and from $17 in July to $274/ton between April 6 and May 5, from $275 in August. /ton was. In the USA, the spot market price of red soft winter wheat (SRW) fell by $17 to $265, and that of red hard winter wheat (HRW) by $28 to $356/ton in the indicated period. In Argentina, the immediate export price of ...
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