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Hungarian agriculture faces further difficulties due to war

Crops

After the adjustment of the last two years, actors within the agricultural and food economy are facing another shock effect due to the Russo-Ukrainian war, according to a summary by Takarékbank and MKB Bank analysts, writes profitline.hu. 

Further increases in input prices and agricultural logistics difficulties impact the outlook in almost all product lines. 

The value of the Takarék AgrárTrend Index decreased to 31.1 points in the first quarter of 2022 from 31.7 points in the previous quarter. This value is approximately the same as the bank's agricultural market survey in the third quarter of 2020, during the second wave of the coronavirus epidemic. 

The assessment of the situation in all product lines deteriorated on a 48-point scale compared to the period from October to December 2021, which is mainly due to the effects of the war since February, according to experts from the banks.

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