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Farmgate prices up 6.2% in September

Agricultural producer prices in Hungary were up 6.2% year-on-year in September, the Central Statistical Office (KSH) said on Wednesday. Prices of live animals and animal products fell 2.8%, but crop prices were up 12.1%, monthly data show.   

Grain prices were up 15.4% in September, as the price of maize climbed 12% and the wheat price rose 18%.

Fruit prices were down 11% as the price of apples plunged 39% because of a big decline in juice apple prices. Grape prices were practically flat. The price of vegetables rose 27% as tomato prices increased 29%, said the KSH.

Prices of live animals were down 3.2% as pork prices dropped 8.8%.   

In January-September 2018, farmgate prices increased 2.2% year-on-year as crop prices rose 4.8% and prices of livestock and animal products fell 2.1%. Vegetable prices were up 11% and fruit prices were down 10% during the period. 

Live hog prices dropped 12%, while milk was 1.5% dearer and egg prices rose 9.4% in January-September. 

The input prices of agricultural production were 3.5% higher, which resulted from a 3.0% rise in the price of intermediate consumption and a 5.6% increase in the price of agricultural investments. Animal feedstuff prices went up by 5.4%, while fertilizer prices rose 0.4%.

Agricultural producer prices for October 2018 will be published on December 14.