Thirteen-year high wheat prices in Hungary

Published 2021년 11월 30일

Tridge summary

The Serbian government is facing a challenge as wheat prices are set to increase due to a rise in world market prices and high costs of fertilizers, with farmers hoarding unsold wheat in hopes of higher prices. This situation, coupled with the coronavirus's impact on the food market, has led to a surge in food prices, affecting both producers and consumers. The government is considering measures to ensure consumer welfare and protecting producers, while also looking into export opportunities for chicken meat to China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Growers are happy for him to set a record for wheat prices - but what about consumers? The Serbian government is trying to deal with the situation in its own way. This year, wheat was one of the best-growing and best-quality crops in Serbia, along with other cereals and oilseed rape. Without exception, spring-sown crops grew less than expected. There are currently 3 and a half million tonnes of bread in the country’s warehouses waiting to be sold. Of this, 1.7 million tonnes cover the country's needs, the rest are sold abroad. The only problem is that the majority of wheat growers, seeing that the world market price of bread is constantly rising, did not sell it, but only put the crop into storage storages. Now it looks like they’re still in no hurry to sell in hopes of an even higher price. Wheat acreage has increased In recent years, there has been between 500 and 600,000 hectares of wheat in Serbia, but this year, at least 900,000 hectares have been sown. In addition to the ...

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