Farmgate prices climb 29.7% y.o.y. in January
Farmgate prices in Hungary rose 29.7% in January from the same month a year earlier, state news wire MTI reports citing data released by the Central Statistical Office (KSH).
The annual rate of price increases slowed from 31% in December. Farmgate prices have risen in the double digits every month since the start of 2021.
Crop prices increased 32.6% in January, as grain prices jumped 47.6% and industrial crop prices climbed 50.3%. Vegetable prices rose 2.1%, potato prices were up 30.8%, but fruit prices fell 7.7%.
Farmgate prices for live animals and animal products increased 23%, as prices for live animals rose 22.1% and animal products prices climbed 24.5%. The price of live poultry rose 32.1%, hog prices rose 10.5%. The price of milk increased 19.2% and egg prices were up 9.8%.
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.