Farmgate prices increase by 4.5% in May
pexels
Agricultural producer prices in Hungary grew by 4.5% in May, compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) said in a first release of data today. The growth was made up of a 0.9% decrease in prices of crop products and a 15% rise in prices of live animals and animal products.
Cereal prices went up by 1.8%, while fruit prices increased by 12%. Prices of vegetables fell by 11%, according to KSH data.
The producer price of live animals rose by 13%, and that of animal products by 20%. The price of pigs for slaughter increased by 31%, while the price of chickens for slaughter diminished by 3.2%. Milk prices went up by 30%, according to the KSH.
In the January-May period, agricultural producer prices increased by 1.2%, compared to the corresponding period of the preceding year. Within this, prices of crop products fell by 4.1%, while prices of live animals and animal products rose by 11%, KSH data show. Vegetables prices went down by 6.9% over the first five months, while fruit prices were up by 1.7%, the KSH added.
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
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.
.jpg)
