Egg Prices Rise in Tandem With Input Costs

Analysis

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.

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