Nearly half of last year’s foreign food trade surplus was by cereals

By: Trademagazin editor Date: 2021. 04. 01. 11:50

Last year, the foreign trade surplus of cereals in Hungary increased by a quarter, 1.412 billion euros, which accounted for 44% of the total foreign trade surplus in food, according to a report by the Institute of Agricultural Economics (AKI).

The share of grain export value in total agricultural exports was 14.2 percent in 2019 and 16.9 percent in 2020. Last year, a total of 8.3 million tonnes of cereals were sold on foreign markets: 4.3 million tonnes of maize, 3.1 million tonnes of wheat and 0.9 million tonnes of barley. The export volume of maize increased by 34.9 percent, that of wheat by 24.6 percent and that of barley by 83.8 percent, compared to 2019, according to the aggregate data.

The average export price of wheat and corn was 7 percent and that of barley 9 percent lower in 2020 than a year earlier. (MTI)