The Hungarian grain farmers’ headache is not calming down. Not only the lack of precipitation but the extremely high fertiliser prices are causing unpleasant comfort feeling among them.
Due to the different reasons evolved, the natural gas price has sky-high the current fertiliser prices. There is no sign of a decrease shortly. Contrarily, a further increase is predicted because of the Russian war against Ukraine and the severe inflation pressure.
The other main topic among the Hungarian grain market participants is the brutal invasion of Russia against Ukraine. If the Russian invasion is not stopped during the next days, the Spring grain and oilseed sowing will not be done. The threat of the most prominent Ukrainian grain ports as Chornomorsk, Mykolayiv, Odesa, Kherson, and Yuzhny will cause further worries on the global grain market. If the situation is not mitigating, currently unimaginable grain prices will be seen in a short time.
Hungarian quotations:
Milling wheat 281-310 EUR / MT FCA HU
Feed wheat: 280-290 EUR/ MT FCA HU
Feed corn : 256-265 EUR/ MT FCA HU