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Farmgate prices up 24.1% y.o.y. in August

Crops

Farmgate prices in Hungary rose 24.1% in August from the same month a year earlier, according to data released by the Central Statistical Office (KSH).

Price rises in the sector accelerated for the fourth month in a row, KSH noted. Prices rose by 21.3% in July.

Crop prices increased 32.7% on average, while prices of live animals and animal products were up 7.9%.

Grain prices jumped 40.3%, and prices for oilseed crops were 44.4% higher during the period. Potato prices were up 23.2%.

Prices of vegetables rose 6.9%, and fruit prices climbed 19.8%.

Farm gate prices of live animals rose 6.2% as poultry prices climbed 16.2% and cattle prices were up 13.7%, but hog prices fell 6.2%.

Milk prices rose 8.4%, and egg prices increased 8.9%.

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