International Shia News Agency
All NewsEuropeFeatured 2Other News

Eastern European wheat producers are facing the perfect storm

Eastern European wheat producers

SHAFAQNA- When global grain prices started falling last year after a spike in the first months of the war in Ukraine, farmers in eastern European countries who held out for higher prices have been hit by a perfect storm.

When global grain prices started falling last year after a spike in the first months of the war in Ukraine, Poland’s then agriculture minister urged farmers to hang onto their harvests in the hope of a rebound and better returns. The bet backfired badly for some.

Nearly a year later, Polish farmer Artur Konarski still has about 150 tonnes of grain stuck in storage and he says some of his competitors in the European Union’s third-biggest wheat producer have even bigger stocks of crops languishing in silos.

Source: reuters

www.shafaqna.com

Related posts

Pope renews invitation to pray for people suffering from horrors of war

nasibeh yazdani

Hungary vetoes EU’s $54 billion funding for Ukraine

leila yazdani

Kadyrov: War in Ukraine will end in coming months

anvari

Tass: Putin compares Ukraine conflict to civil war between brothers

asadian

Russian Diplomat: War in Ukraine to end with talks with West

leila yazdani

Ukraine clashes with EU over weapons demands

leila yazdani

Leave a Comment