Depressed cereal prices

This year's wheat harvest is virtually completed in Hungary. Due to bad weather, farmers are still working on the fraction of the harvested area. However, the producers are dissatisfied with the prices.

According to data of AKI PÁIR the producer price of newly produced wheat without VAT and transport costs was 16 percent below the previous year’s prices in the second week of July: the average price was 39-40 thousand HUF / tonne. However the average price of feed wheat was 36-37 thousand HUF / tonne at the same time. (by our colleague)