Grain prices have fallen nineteen percent within a year

The Magro Grain Index (MGX) expressing the combined price movements of the Hungarian grains decreased by nineteen percent from 10059 points 8190 points in one year. This means that the price of grains became 19 percent cheaper on average between December 2013 and December 2014 at the Magro.hu agricultural marketplace.

All cereals were involved in the huge downline, but the highest decline occured in the price of corn. The price of corn decreased by 21 percent. In December, the HUF per tonne price of corn was around an average of 38,706 HUF. The price of barley decreased by about 16 percent within a year. In the last month of last year, the average price of barley was 39,693 HUF.