ADVERTISEMENT

Agricultural producer prices down by 5.2% in October

Food

Agricultural producer prices were down 5.2% in October 2016 compared to October 2015, comprising a 9.7% decrease in prices of crop products and a 2.6% rise in prices of live animals and animal products, according to a first release of data today from the Central Statistical Office (KSH).

In October 2016 compared to October 2015, cereals prices fell by 12%, with the price of both main products in the group falling: the price of wheat by 15% and the price of maize by 11%.

The price of fruits decreased by 11%, and that of vegetables by 10%. Within the latter, potato prices were up by 3.1%.

The producer price level of live animals rose by 2.2%, and that of animal products by 3.6%.

The procurement price of milk, which has been rising since July, reaching HUF 79/liter in October, an increase of 1.4% compared to October 2015.

The price of pigs for slaughter was up by 11% over a year, but fell by HUF 25 per kilo compared to September, to HUF 390/kilo in October.

In January–October 2016 compared to the corresponding period of the previous year, agricultural producer prices decreased by 2.3%. Within this, prices of crop products fell by 2.4%, while those of live animals and animal products fell by 2.1%.

Vegetables prices were down 2.5% over the ten-month period, and fruits price by 3.2%.

The price of pigs for slaughter increased by 2.0% in the January-October period.

The rise in milk prices in the past few months could not compensate for their decrease at the beginning of the year, so that the price of milk fell by 9.2% in the first ten months of the year.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.