Soaring cereal prices

According to PÁIR data from the Research Institute of Agricultural Economics (AKI), on the fourth week of March wheat’s price (without VAT and transportation costs) was HUF 117.7 thousand/tonne, 59% higher than in the same period of 2021. For feed corn buyers had to pay HUF 117.1 thousand/tonne, as the price jumped 62%. Rapeseed’s production price was HUF 269.7 thousand/tonne, having grown by 43%, while sunflower seed was sold at HUF 264.1 thousand/tonne – the price increase here was 78%.