Raw wheat prices nearly double

Crops

Photo by Korobka Dmytro / Shutterstock.com

Although it seemed conceivable earlier that not all mills would have enough bread grain until the new wheat harvest, it has now been revealed that the mills will be able to work continuously until this year's crop, Zoltán Lakatos, president of Hajdú Gabona Zrt. told business daily Világgazdaság.

There is still a shortage of stocks in the milling industry, so wheat has recently been bought, including by Hajdú Gabona.

These purchases in December were already above the price of HUF 100,000 per tonne, he added, recalling that the starting price after the harvest was HUF 62,000.

The mills were able to buy because feed mixers, which offered an unusually high price on the market at the beginning of the season, are now running out of their stocks, and corn has become cheaper and much more economical to mix.

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