OTP Agrarian: The Russian-Ukrainian war may further increase food prices in Hungary

By: Trademagazin editor Date: 2022. 03. 01. 11:20

The Russian-Ukrainian war will not have a direct impact on the Hungarian agricultural and food market, but may indirectly further increase food prices, OTP Agrár experts said in an analysis sent to MTI on Tuesday.

Food prices could rise further as an indirect effect of war

Due to the war situation there, there are no supply difficulties, as Hungary has trade with Ukraine that does not affect domestic supplies.

However, it was pointed out that Ukraine is not only the world’s leading exporter of sunflower oil, but also the world’s five largest exporters of wheat, barley, rapeseed and maize. (MTI)