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Hungary’s Maize Crop Devastated by Drought, MTI Reports

Aug. 7 (Bloomberg) -- Hungary’s maize crop has been damaged by extreme drought and hot weather, with an estimated 40 percent of the total harvest destroyed, state news service MTI said, citing the farm association Magosz.

Damage to the national economy may amount to 200 billion forint ($897 million), MTI said, citing Istvan Jakab, chairman of the farm association.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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