Hungary Grain Stores Still Half Full Ahead of Summer Harvest
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Hungary's grain stores are half full, a survey conducted by the Agriculture Ministry with the cooperation of the National Agriculture Chamber (NAK) shows, state secretary Zsolt Feldman said on Friday, according to a report by state news wire MTI.
The estimate was based on data provided voluntarily by market players with the capacity to store 5.6 million tonnes of grain, Feldman said. Total grain storage capacity in Hungary stands at 20 mln-22 mln tonnes, he added.
He acknowledged that the ratio is "very high" compared to earlier years, as grain stores are usually empty in May, but said that capacity will be sufficient for the expected 7 mln-tonne summer harvest.
He noted that 1.3 mln tonnes of grain were sold on export markets in the first quarter.
Exports are 35% under the five-year average due to last year's drought and changed demand on export markets, he said.
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