Farm gate prices up 17.0% in February

Figures

Farm gate prices in Hungary rose 17.0% in the twelve months to February, slowing down from 18.1% in January, the Central Statistics Office (KSH) said on Friday. The rise of crop prices slowed slightly, to 22.9% year-on-year (yr/yr) from 24.2% in January. The price of live animals and animal products also increased less, by 6.5% yr/yr after rising 7.4% in January. Grain prices were up 30.3% in February from a year earlier. The price of wheat and maize are level with December 2012, with the price of wheat at HUF 67,800 per ton and the price of maize at HUF 63,200 per ton. Prices of industrial crops rose 21.0% yr/yr including a 20.7% rise in the price of oil seeds. The price of sunflower seeds has reached a record height, at just under HUF 140,000 per ton, up 23.2%. Potato prices increased further, at 108.1%. Prices of fresh vegetables and fruit rose 3.4% and fell 4.4%, respectively. Cattle prices were up 10.0% and poultry prices increased 12.9% Hog prices rose 4.6% from a year earlier. The price of milk rose 2.3%, but the price of fresh eggs fell 1.6% from a year earlier. In January-February 2013, farm gate prices rose 17.8% from a year earlier.

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.