Press release No. N 027 of 13 May 2022
- Import prices: wheat prices up 65.3% in March 2022 year on year
- Producer prices of agricultural products: grain prices up 70.2% in March 2022 year on year
- Germany imported just over 11.4 million tonnes of grain in 2021, only 2% of which came from Ukraine and Russia
WIESBADEN – The war in Ukraine has impacts on global grain supply and grain prices. The Federal Statistical Office (Destatis) reports that the import prices of grain rose 53.6% in March 2022 year on year. A higher change rate was last recorded in May 2011 (+74.0% on May 2010). Price rises affect all types of grain. The prices of wheat increased by 65.3% in March 2022 on a year earlier, prices of barley, rye and oats by 65.3%, too, and maize prices by 37.4%. The prices of imported grain, however, had markedly increased already before the war in Ukraine. The monthly rates of change on the same month of the previous year have always been two-digit since January 2021.
