Farmgate prices climb 13% in Q1


Farmgate prices rose 13% in the first quarter 2021, outpacing the 7.3% increase in input prices, state news wire MTI reports, citing data published by the Central Statistical Office (KSH).

Farmgate prices of crops climbed 25%, while prices of live animals and animal products fell 7.9%.

Grain prices jumped 32%.

Prices of live animals fell 13% with hog prices down 29%.

Among input prices, feed prices climbed 19%, the price of fertilizers rose 4.6%, the price of pesticides increased 4.6% and the price of veterinary products were up 4.9%. Prices of energy and lubricants rose 2.4% with fuel prices up 3.4%.

Within the prices of agricultural investments, prices of building investments rose 6.8% and prices of machinery investments were up 7.5%.


Lawmakers Approve No-fee Cashback Service Banking

Lawmakers Approve No-fee Cashback Service

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.