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Reuters

Business

By Anna Koper, Gergely Szakacs and Luiza Ilie

HISTORICAL FACTS: Why eastern europe s grain producers face a perfect storm - The Untold Story

Ukraine Europe Eastern Europe Hungary Poland United Nations Russia Black Sea European Union

Corn sits at a grain storage in a farm, in Timar, Hungary, April 19, 2023. REUTERS/Bernadett Szabo

When global grain prices started falling last year after a spike in the first months of the war in Ukraine, Poland's then agriculture minister urged farmers to hang onto their harvests in the hope of a rebound and better returns.

The bet backfired badly for some.

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