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Farmgate Price Rise Continues to Slow in February

Crops

Photo by Nikolett Emmert / Shutterstock.com

Farmgate prices in Hungary rose 27% year-on-year in February, slowing for the fifth month in a row, state news wire MTI reports, citing data released by the Central Statistical Office (KSH).

Crop prices climbed 16.5%, as grain prices increased 22.3% but industrial crop prices fell 6.6%, dropping for the first time in close to four years. Vegetable prices increased by 30.2%, while fruit prices rose by 19.5%.

The price of livestock and animal products climbed 54.6%, as prices for live animals rose 55.6%, and animal product prices grew 52.7%.

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