Chicken prices falling
Significant oversupply and falling prices have developed in the European and Hungarian poultry markets, which the sectoral professional organizations, with the agreement of the Hungarian Product Council, would deal with by temporarily restricting imports from third countries, according to Világgazdaság.
Attila Csorbai, chairman and director of the Poultry Products Council (BTT), told the economic daily that in the EU Member States, the complete closure of the HoReCa (hotels, restaurants, cafés) sector is causing a 20-40% drop in the poultry meat market.
This means that there is overproduction everywhere, which has caused prices to fall, vg.hu adds.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
