Report: Price of wheat drops, price of corn stagnates
Magro Grain Index (MGX) saw a 3% growth in Hungary in July, reaching 9030 points, Magro.hu reported today in a press release.
Despite this growth, the price of wheat decreased and the price of corn remained the same, the press release noted. The average price of grain is now approximately HUF 43,500 per ton, while the price of corn is approximately HUF 40,000 per ton.
Some 5.2 million tons of fall grain was harvested this year, with 70% of it being of milling quality.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.