ADVERTISEMENT

FAO: Food prices continue to rise

Weather

The latest report by the United Nations’ Food and Agriculture Organization (FAO) says that agricultural commodity prices rose sharply in 2007, the overall price-index of FAO increased by 37% until September (the same value was 9% in 2006).

Especially high was the increase in wheat (50%-65%) and oil cops (60%-70%) costs. Soaring petroleum prices have driven up prices for agricultural crops by raising input costs and by boosting demand for crops used to produce biofuels. High feed prices have also increased the cost of animal farming and resulted in an increase in livestock prices. Poultry prices hit a 10-year record, milk-prices doubled. Experts agree that the increase of food price will continue next year, by wheat and soybean at a lower rate, by maize and rice, however, at an even higher rate that this year. (Gazdasági Rádió)

ADVERTISEMENT

Business chamber's biannual business confidence index falls Analysis

Business chamber's biannual business confidence index falls

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.