KSH: Agricultural producer prices drop 5.6% in July in Hungary
Hungary’s agricultural producer prices saw a year-on-year drop of 5.6% in July, with the price of crops falling by 1.9% and the price of livestock and animal products down by 11.2%, Hungary’s Central Statistical Office said today in a first release of data.
Data from KSH suggest that the price of cereals fell by 8.1%, while fresh vegetables saw a price decrease of 3.3%. The harvest of wheat has begun, and its purchase price rose by 2.2%, while corn prices dropped by 15%, KSH said. The price of potatoes was up 9.0% and the price of fresh fruit by 24%.
The producer price level of live animals dropped 9.0% and that of animal products also fell 16%.
In January-July, farm gate prices declined 5.7%, as crop prices fell 3.6% and livestock and animal products prices were down 8.9%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.