Hungary poultry producers to raise prices
Hungarian poultry producers will raise prices in three steps by the start of summer to make up for an earlier increase in costs and because of a shortage across the European Union, business daily Világgazdaság said on Monday.
Poultry Products Council chairman László Bárány told the paper that prices would rise 5-6% from April, 6-8% by the middle of May and a further 7% at the beginning of summer.
The Poultry Products Council estimates the price of chicken feed was 82% higher last year than in 2006 and it climbed another 5% in January-February, a document obtained by the paper shows. Turkey feed doubled during the period.
Farm gate prices for chickens rose just 45% between 2006 and 2011 and farmers got only 40% more for turkeys.
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