Farmgate prices up 1.2% in July

EU

Agricultural producer prices were up 1.2% in July 2018 compared to the corresponding period of the previous year, which resulted from an increase of 4.5% in the price of crop products and a decrease of 4.0% in the price of livestock and animal products, the Central Statistical Office (KSH) reported on Friday.

In July 2018 compared to July 2017, cereals prices were up by 13%, within which the price of wheat rose by 7.9% and that of maize by 16%. The average price of fruit fell by 22%, while vegetables prices increased by 12%, within which potatoes were 45% dearer.

The price of livestock fell by 5.5%, and that of animal products by 0.6%. The price of pigs for slaughter was 13% lower year-on-year.

In January–July 2018, compared to the first seven months of the previous year, agricultural producer prices went up by 0.3%, within which the price of crop products rose by 1.7% and that of livestock and animal products fell by 2.0%.

Vegetables prices were 2.7% higher and fruit prices 7.6% lower.

The price of pigs for slaughter was lower by 13%. However, the procurement price – showing a rising trend since January – increased, from HUF 342 to HUF 375 per kilogram.

Milk prices rose 2.4% and egg prices were 11% higher in January–July.

Agricultural producer prices for August 2018 will be published on October 12.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.