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Hungary poultry producers to raise prices

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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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