Hungarian government to phase out reporting duty on grain exports

The government is phasing out the mandatory reporting of grain and oil seed exports, introduced in March last year in response to the war in Ukraine, the agriculture minister said on Thursday.

The measure was a response to the risk of large quantities of Hungarian grain flowing out of the country after Russia attacked Ukraine in February, István Nagy said. Hungary’s food supplies are now secure, and the country can produce the grain needed, so the reporting duty will be phased out, he added.

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Last year, Hungary exported some 2 million tonnes of wheat and corn each, according to the data collected from the reports, the statement said.

Ukrainian grain exports have been growing since August 2022, and the demand for central European grain has fallen significantly since, he said.

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Source: MTI