Egg Prices Rise in Tandem With Input Costs
Consumer egg prices in Hungary have risen 37%-39% this year, "nearly exactly as much" as the price of electricity, gas and feed for farmers, the Hungarian Egg Association said on Wednesday, according to a report by state news wire MTI.
Large-scale egg farms produced 780m eggs by the end of August, 7% fewer than in the same period a year earlier, mainly because of culling due to avian influenza, the association said.
Full-year output of those farms could reach 1.1 billion-1.2 bln eggs, enough to meet 50Í%-52% of domestic demand, it added.
Small farms in Hungary produce close to 600 million eggs a year, and 480 million-500 million eggs are imported.
Farmers' revenue from eggs reached HUF 33.2 bln last year, climbing from HUF 25.4 bln in 2020.
ADVERTISEMENT
Bourse's CSD Lifts H1 Earnings
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
AutoWallis Green Investment Project Value Reaches HUF 3 bln
Budapest Muni Council Clears Rác Baths Renovation
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.
