Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
The sector has been hit by extreme drought, weak pork and dairy prices, and stagnant agricultural lending since 2024.
Exports have also suffered as the euro has strengthened to an expected HUF 360-370 range compared with HUF 380-410 a year earlier, cutting euro-based export revenues by about 10%.
Corn production is expected to reach only 1.4-1.5 million tonnes in 2026, roughly half the level of a typical year, while EU corn import demand could increase from 15 million-18 million tonnes to up to 26 million tonnes. Despite corn prices holding at around HUF 86,000-88,000 per tonne, high production costs mean many farmers remain unprofitable.
The pork sector faces additional challenges, with Spain’s pork exports to China falling 21% while exports to Hungary rose 23% to 33,000 tonnes, further depressing local prices. K&H noted that only two of its agricultural clients have used debt-repayment moratoriums.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
