Poland: What about grain prices when the market is stagnant and there is no demand?

Published 2022년 12월 20일

Tridge summary

The article highlights the challenges Polish farmers are facing in selling their grain due to low buying offers from buyers, especially with the ongoing corn harvest not yet completed and the risk of mycotoxin infection. The weak demand is attributed to the strengthening zloty exchange rate, the correction of grain prices in the global stock exchanges, and strong competition from Ukraine. As a result, grain purchases by exporters are limited, and the export of wheat and corn is expected to be significant in the second half of the season to avoid a surplus. However, sellers may need to accept lower prices given the market conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices offered by the buyers do not satisfy the sellers, mainly farmers who have not been active on the market for a long time, experts of the Chamber indicate. In their opinion, grain is more willingly sold by trading companies, but the turnover is not high. Therefore, "it is difficult to count on a revival of trade in the coming weeks" As noted in the latest IZ-P newsletter, the corn harvest in the country is still not complete, especially in the east and south-east of the country, where there is still a lot of corn in the fields. The arrival of winter and heavy snowfall made it even more difficult to harvest corn from the fields. There are more and more signals from the market about a significant infection of late-harvested corn with mycotoxins that are harmful to health. How is the price for wheat in December? According to the Chamber's data, in mid-December, consumption wheat was offered, depending on the region of the country, from 1350 to 1400 PLN/t. Here are the other ...
Source: Farmer.pl

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