Tridge summary
The article explains the surprising 20% rise in wheat prices in Poland, beyond mid-August levels, despite a satisfactory harvest season that saw a rise in consumer wheat prices by over 13% compared to the previous year. This increase is primarily due to the high demand for Polish grains in both European and global markets. The prices are also influenced by the stock exchange, with the Chicago Stock Exchange reaching a five-year high. The weakening zloty against the euro further escalates the cost. Additionally, reduced wheat production in European countries like France, Romania, Bulgaria, and Germany contributes to the rising prices. Krzysztof Gwiazda, President of the Polish Association of Employers of the Grain and Milling Industry, anticipates further price hikes not only in wheat but also in flour, as the high prices of raw materials are not mirrored in the flour prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
- We are already two months after the harvest, which this year was slightly delayed, but it was carried out quickly and efficiently. The weather did not spoil the quality of the wheat (although in the southern part of the country we have a slightly higher share of feed wheat - the main reason being elevated levels of mycotoxins, infestation with fusariosis and problems with a low falling number). It would seem that with such a good harvest, prices should be low and stable. However, this is not the case. Practically all the time after harvest, prices are rising and today the price of wheat is higher by over PLN 100, i.e. over 20% more than in mid-August this year - says Krzysztof Gwiazda, President of the Board of the Polish Association of Employers of the Grain and Milling Industry. According to the data of the Ministry of Agriculture, provided by the Integrated Agricultural Market Information System, the price of consumer wheat today is higher by over 13% compared to the same ...
Source: Portalspozywczy
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