GOST: interest subsidized loans can only keep the wheat in Hungary

By: trademagazin Date: 2011. 07. 08. 13:20

The National Association of Cereal Producers (GOSZ) initates interest subsidized loans for animal breeders and for the mills, to keep this year's wheat harvest in Hungary – said Vancsura József, president of GOSZ to agromonitor.hu.

There is a danger that the domestic users and processors, because of the capital deficient situation will sell the significant proportion of the high-quality crops in export markets. The procurement prices of wheat in the last few weeks declined by 20 percent, compared to the pre-harvest expectations of over 50 thousand HUF per tonne price – reports agromonitor.hu.

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