Farmgate prices up 7.3%
Farmgate prices in Hungary were up 7.3% year-on-year in the first three quarters of 2020, according to data from the Central Statistical Office (KSH).
Image by Pixabay
The price of live animals and animal products rose 4.6% and crop prices were up 9%.
Fruit prices were up 38% because of strong demand and weak supply. Apple prices rose by 60% and the price of plums by 57%. Grain prices were up 2.5% with wheat prices rising by 4.5% and the price of maize by 1.2%. Vegetable prices rose a sharp 5.8% with tomato prices up 6% and cucumber prices up 13%. Onion prices fell around 17% because of base effects and higher imports in January-August. Potato prices were down 10% but as they had risen by 46% a year before, the price has still increased by around 30% in the last two years.
Prices of live animals were up 4.6% and animal product prices were up 4.5%. Agricultural input prices edged up 0.4% in Q1-Q3, meaning terms of trade improved by 6.9% for producers during the period after improving by 1% during 2019.
Fertilizer input prices fell 7.9% during Q1-Q3.
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.