Grain prices in Q4 to be 30-40% higher y/y - forecast
22:17
Grain prices in the fourth quarter will be 30-40% higher than a year ago, according to the Institute of Agricultural and Food Economics (IERiGŻ).
"Grain prices on the domestic market, as well as world prices, will continue to be largely dependent on the international geopolitical situation and the development of the armed conflict in Ukraine. Assuming some stabilization of the situation, slow price increase should be expected in the following months of the 2022/23 season," - the report said.
"In the fourth quarter of 2022, grains should be 30 to 40% more expensive than in the corresponding period of 2021" - it adds.
Source: PAP
