WPR: autumn market collapse. Grain prices like 20 years ago

Purchase prices for grains remain at very low levels, comparable to those from about 20 years ago, while production costs have increased many times over – notes the Wielkopolska Agricultural Chamber (WIR). The Chamber warns of a "fall in the market in autumn," indicating that there is a price crisis in many agricultural markets. "The prices of grains, potatoes, sugar beets, or vegetables are at very low levels and do not cover the production costs," emphasizes WIR. As it points out, the root of the crisis lies in the increased production of agricultural products this season. "Grain production in the EU is this year about 6.5 percent higher than last year. Grain yields in Poland were record-breaking, as we wrote in our harvest reports. The FAO forecasts a 3.5 percent increase in global grain production. This may seem like a small amount. However, it should be known that in the agricultural market, with constant demand, even the smallest change in supply causes disproportionately ...