Magro.hu: good wheat crop and low prices are expected

In addition to a good wheat crop, low crop prices are expected this year in Hungary. Five million tons of wheat will be transported to the granaries – according to the forecast of the Magro.hu online agricultural marketplace.

According to the communication sent to MTI on Tuesday, the price of wheat decreased throughout the year, however the price of corn, after an initial decline in prices significantly become more expensive in the middle of summer. Because of the two opposing movements, the value of the Magro Wheat Index (MGX) was stable in the second quarter. The value of the Magro Wheat Index (MGX) was 10330 points at the end of June, compared to the previous 10291 points. (MTI)