Dearer feed, fertilizer lift farm input prices - KSH
Agricultural input prices in Hungary rose 12.4% year-on-year in Q1-Q3, boosted by higher feed and artificial fertilizer prices, data released by the Central Statistical Office (KSH) show.
Feed prices increased 24.7% during the period, while artificial fertilizer prices climbed 25.4%.
KSH noted that artificial fertilizer prices have risen at an accelerated pace each quarter since the end of 2020 amid large-scale gas price increases. In Q3, artificial fertilizer prices stood 60% over their level a year earlier.
Energy input prices rose 11.8% in Q1-Q3. Investment prices increased 7.5%.
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