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Farm gate prices fall accelerates again in June

Twelve-month farm gate prices in Hungary fell 14.9pc in July after minus 13.0% in June and a 21.7% decline in May, the Central Statistics Office (KSH) said on Monday.

Crop prices dropped 21.4 % with those of cereals falling 25.2% and livestock and animal product prices decreased 3.0% yr/yr in July. Wheat was also 23.6% cheaper than in June with new crop appearing on the market.

In the first seven months farm gate prices were 21.2 % lower than a year ago as crop prices fell 29.7% and livestock prices decreased 3.6%. (MTI-ECONEWS)