Grain prices are high, flour may become more expensive

By: Trademagazin editor Date: 2021. 09. 01. 11:33
We need to be prepared for the fact that meat, bread and milk will definitely become more expensive in Hungary, and if all this is not enough, another flour increase may come in September, Lakatos Zoltán, President of the Grain Processors’ Section of the Grain Association told Agrárszektor. He added that the constant rise in prices is due to the brutal increase in grain prices, as a price spiral has developed in Hungary, which is only rising and can no longer be stopped.

The price of flour may rise

The large price increase that is now being experienced with wheat started two years ago, first at a 30 percent and now at 60 percent price increase, and currently the price per 80 thousand forints per tonne is not uncommon, Lakatos Zoltán informed Agrárszektor.

Wheat is overpriced in Hungary and treated above its value, he added. (agrarszektor.hu, Kovács Nóra)