Farmgate prices up 26.1% in October
Farmgate prices in Hungary rose 26.1% in October from the same month a year earlier, according to 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 rose 34.9% in October, as grain prices soared by 48.4% and industrial crop prices jumped 48%.
Vegetable prices rose 10.2%, potato prices were up 34.1%, but fruit prices fell 13.8%.
Farmgate prices for live animals and animal products increased 9.6%, as prices for live animals rose 8.3%, and animal products prices climbed 12%.
The cost of live poultry rose 17.7%, but hog prices fell 3.3%. The price of milk increased 9.1%, and egg prices climbed 14.3%.
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.