Extremes in the price of corn: uncertainty remains high

By: Trademagazin Date: 2023. 11. 10. 11:18

2023 will be a very memorable year for Hungarian farmers. In one year, the facts and hopes went through heaven and hell. The weather anomalies resulting from climate change and the economic and political effects of the global world have not escaped Hungary either, creating unprecedented uncertainty and an extreme farming environment for agricultural producers. The results of this also appeared in corn cultivation.

The situation of Hungarian farmers has been influenced by many factors in the recent past. It is enough to highlight only two: the weather and the Russian-Ukrainian conflict. The weather determined the quantitative result of the production, and the effects of the war determined the price and demand of the produced goods. The weather cannot be influenced, farms try to adapt to it. The changing and unpredictable economic environment, on the other hand, can lift up or destroy farmers, even in a short period of time. These factors were also prominent in corn production.