Pork prices plummet
Over the past few days, the price of live pigs has fallen, having previously peaked due to African swine fever elsewhere, writes Világgazdaság.
Meanwhile, the situation in the meat market has normalized, and most retail chain stores had enough pork at the end of the week after previous major acquisitions.
According to the paper, the current purchase price of live pigs is HUF 520-550/kg, which is a significant HUF 20-30 decrease compared to the previous peak.
But market participants believe this is still good and will help farmers who had been forced to sell live pigs for HUF 100/kg for 8-9 months, vg.hu notes.
ADVERTISEMENT
Karotin Developing Soil Management System in HUF 545 mln R&D...
Parliament Negates Mandatory Membership in MOK
Graphisoft Introduces Archicad Collaborate
Service Restarted on Full Length of Metro Line M3
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.
