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Farmgate prices up 5.8% in December - KSH

Farmgate prices in Hungary were up 5.8% year-on-year in December 2018, the Central Statistical Office (KSH) said today, Hungarian news agency MTI reports.

The price of live animals and animal products fell 1.5%, however crop prices were up 10.2%. 

Grain prices were up 14% with the price of maize up 6.3% and wheat prices rising 23%. Fruit prices were down 15% as the price of apples dropped by 27%. The price of vegetables was up by 30% with tomato prices rising by 22% and red onion prices almost doubling. Potato prices rose by 44%.

Prices of live animals were stable as pork prices decreased by 1.2% but poultry prices were up 1.3%. 

In 2018 as a whole farm gate prices increased 2.7% from 2017 as crop prices rose 5.8% and the price of livestock and animal products was down 2.2%.

During the year vegetable prices were up 16% and fruit prices were down 14%. Potato prices rose 17%, the price of milk just 0.7% and egg prices by 2.4%.

Agricultural input prices were up 4.8% in 2018 from the previous year as intermediate consumption prices rose 4.6% and investment prices climbed 5.7%, KSH said. Building investment were up 9.4% and machinery investment by 3.7%.

Feed prices were up by 5.7% and fertilizer prices by 3.7%. Pesticide prices edged up 1.3% and veterinary drug prices 1.4%. Fuel prices jumped 10.7%.

Terms of trade deteriorated by 2% last year.