Input prices climb faster than farmgate prices in Q1
Farmgate prices in Hungary rose 34% year-on-year in the first quarter, but were outpaced by a 37% increase in input prices as the price of artificial fertilizer soared because of high gas prices, state news wire MTI reports, citing data released by the Central Statistical Office (KSH).
Input prices were lifted by a 41% rise in intermediate consumption prices and 12% higher farm investment prices. Artificial fertilizer prices jumped 195%, KSH noted. Feed prices were up 34%.
Farmgate prices were boosted by a 38% increase in crop prices and a 24% rise in the price of animals and animal products.
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