Higher Prices Lift Farm Sector Output Value 17% in 2022
The gross output value of Hungary's farm sector rose 17% to HUF 3.998 trillion last year as volume fell but prices climbed, data compiled by the Central Statistical Office (KSH) show.
The value of crop output increased by 9% to HUF 2.282 tln and the value of animal and animal products output rose 36% to HUF 1.478 tln.
While output volume fell by 18%, prices increased by 42%.
The gross value added of the sector dropped 11% to HUF 1.226 tln.
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.