Agriculture production output up 4% in 2013
According to preliminary data released by the Central Statistics Office (KSH) today, the output value of domestic agriculture was 4% higher at current prices in 2013 than one year earlier. The principal contributor to growth for the sector was the larger output volume of crop products...
Based on KSH data, the output volume of crop products rose by 22% in 2013 year-on-year and cereal output increased over 30% y.o.y. The output of industrial crops meanwhile expanded by 11%, that of forage plants by 10% and that of horticultural products by 9% y.o.y.
The volume decrease of potatoes was accompanied by a significant price rise. The volume of fruit production rose by 16% in 2013, which caused a price decrease within this product group.
The output of live animals was cut by 3%, that of animal products by 2%, with total volume of the animal husbandry sector falling by 3% y.o.y.
KSH found that the value of output of the agriculture branch (including services and secondary activities) was 4% higher y.o.y., thus indicating that “the performance of domestic agriculture has permanently improved since 2011.”
Gross value added rose by 30% at the prices of the previous year and by 6% at current prices. Labour input in agriculture was 1% lower in 2013 y.o.y.
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.