Sharp rise in wheat production

02-09-2008

This year’s wheat harvest is expected to total 7.6 million tonnes, around 1.2 million tonnes more than last year, according to new figures published by the Agriculture Ministry. The rise reflects a similar strong showing across the EU. In the Czech Republic’s case, the figures almost match a peak in 2004. However, farmers remain wary of continuing low wheat prices on the grain market. Last year, a tonne of wheat sold for 6000 crowns, at present it sells for only 4000. The Agriculture Ministry is advising farmers to store the grain until prices improve. However, the price of flour and other wheat products still remains high after a spike in prices in 2006 related to the global economic slowdown.