Hungary farm sector output expands over 3% in 2018
Output of Hungaryʼs agricultural sector grew by 3.1% in 2018, according to a first estimate of the sectorʼs annual performance from the Central Statistical Office (KSH). The output of crops was up 1.8%, while livestock production was 5.7% higher than in 2017.
In 2018 compared to the previous year, the output of cereals was 5.0% higher in total. Maize output rose significantly, while wheat output remained at the previous year’s level.
Output of industrial crops fell 3.7%, on a lower volume of sunflower seed. Output of feed crops rose 2.6%, while fruit output climbed 11%. The volume of horticultural products decreased by 3.0%.
The output of live animals was 8.1%, and that of animal products 0.6% more. The output of all observed animal species grew, that of poultry to the highest extent.
Of animal products, the output of milk slightly rose, while output of eggs remained practically unchanged.
The value of output in the agricultural sector (including services and secondary activities) increased by 4.5% at current basic prices, while its volume – along with a 1.4% rise in prices – expanded by 3.1%.
The volume of intermediate consumption was up by 1.8% and its price index by 4.1%. Of agricultural inputs, the volume of animal feed was substantially greater.
Gross value added increased by 4.8% at the previous year’s prices, and by 2.4% at current prices. Labor input in agriculture fell by 3.9%.
Factor income grew by 2.3% and entrepreneurial income by 0.9%. Real factor income per unit of labor force (indicator “A”) went up by 2.7%, according to the KSH.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
