Farmgate prices climb 27% in November

Crops

Farmgate prices in Hungary rose 27.2% in November from the same month a year earlier, state news wire MTI reports, citing data released by the Central Statistical Office (KSH).

Farmgate prices have risen in the double digits every month since the start of the year.

Crop prices increased 36% in November, as grain prices jumped 47.2% and industrial crop prices climbed 52.4%. Vegetable prices rose 7.6%, potato prices surged 55.7%, but fruit prices fell 3.1%.

Farmgate prices for live animals and animal products increased 9.8%, as prices for live animals rose 7.7% and animal products prices climbed 13.8%. The price of live poultry rose 20.9%, but hog prices fell 9.1%. The price of milk increased 12.8% and egg prices were up 4.8%.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.