Wheat and corn prices grew by 10 percent

The prices of wheat and corn both increased by 10 percent, compared to a year before and although global crops are declining this year, further significant world market price increase can not be expected. The regional position of Hungarian producers, however, is gaining strength – Világgazdaság Online wrote.

It is anticipated that global wheat production may be less than a year before. Domestic grain traders, however, do not expect significant increase in prices – Pótsa Zsófia, secretary general of the Hungarian Grain Processors, Feeders’ Manufacturers and Merchants Association (Gabonszövetség) told. (vg.hu)