Hungary Poultry Products Council calls for state intervention

10-02-2011 | | |

Hungary’s Poultry Products Council will propose starting immediate state intervention purchases of 500,000 tonnes of maize in order to prevent domestic shortages stemming from feed exports at a meeting with the Rural Development Ministry.

The council states that wheat shortage in Europe is driving up maize prices, which rose to HUF 58,000-HUF 60,000 a ton recently, and warns that much maize is being exported due to high prices abroad.

Responding to earlier concerns, the Rural Development Ministry said last week that Hungary’s maize harvest alone is more than 3m tonnes over domestic demand.

Source: Budapest Business Journal