Corn production: this is a difficult year for everyone

By: Trademagazin Date: 2024. 11. 11. 11:06

Due to the unfavorable weather, the Central-Eastern European region is considered the loser this year, including Hungary – stated Gábor Berkes.

In most countries, poor corn crops were born, and the presence of toxins also caused many problems that worsened sales opportunities. At the same time, livestock farmers did well, as the sector also produced strong growth at the EU level in the first half of this year.

According to Berkes, players in the grains, oilseeds and protein feeds market faced serious challenges in 2024. The weather in Europe and Russia was a major disappointment for the grain harvest. In Romania, the smallest corn crop in recent decades was harvested, and in Bulgaria, the small amount of corn produced became unsellable due to toxins. The only country in the region that fared relatively well was Poland: the USDA said 7.65 million tons of corn were produced on more than one million hectares, and French market analysis firm Tallage estimated that this could rise to 8.2 million tons. However, the USDA estimate includes only grain corn, while silage corn is also present in significant quantities in Poland.

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