Blocked trade hits Hungarian wheat
IMAGINE feed wheat trading at under £30/t.
That is just what is happening in Hungary, where the war in Bosnia blocked the River Danube, the main route to the countrys key export market, Russia, says Lincs and Cambs farmer Martin Jenkins.
He farms 2000ha (5000 acres) in Hungary with 10 partners. The unit was bought for the equivalent of £480/ha (£200/acre), and before the war saw a wheat price similar to the world price. The main enterprise on the unit is dairying. Two years ago the price was 17p/litre, now it is 15p. *