Price explosion on th world food market

By: trademagazin Date: 2007. 11. 09. 00:00

Global cereal prices are expected to remain at high levels for the coming year, warns the latest Food Outlook report by FAO.

FAO expects many countries will pay more for importing
cereals from world markets than they did in previous years, even though they
are expected to import less. Record freight rates and high export prices are
the main reasons for the increase in their import bills.
In Hungary the current cereal price is HUF 50-60,000/ton,
but the ministry of agricultur said, there is no reason for incredible high
prise in 2008.