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Farm gate prices up 10.3% yr/yr in January-November - extended

Farm gate prices in Hungary rose 10.3% year on year in January-November, 2006, with crop prices increasing 17.4% and livestock and animal product prices up 4.1%, the Central Statistics Office (KSH) reported today.

In November alone, farm gate prices rose 13.5% year on year, as against a 12.4% increase in October, with crop prices rising 22.0% and livestock and animal product prices up 5.7%. In 2005, farm gate prices rose 0.7%, crop prices fell 0.6% and livestock and animal product prices increased 1.8%.

Average farm gate prices of cereals rose 34.8% year on year in November 2006 and were up 23.5% year on year in January-November, 2006, albeit from a low base. Prices of vegetables in November increased 5.7% year on year and were up 15.4% year on year in January-November. Fruit prices were 23.5% higher in November than a year earlier and rose 17.2% in January-November from the same period of 2005. Farm gate prices of live animals increased 7.1% year on year in November and were up 5.2% in the first eleven months from a year earlier.

The price of live cattle rose 8.5% in November and rose 15.3% in an eleven months comparison, hog prices rose 6.0% (6.9% year on year in January-November), while prices of poultry rose 8.9% year on year November and were up just 0.1% in the first eleven months. Prices of animal products rose 3.4% in November, with the farm gate price of milk rising 0.8% and egg prices rising 5.4% year on year. In January-November animal product prices were up 2.1% from a year earlier, with milk prices down 0.8% and egg prices up 9.2%. (Mti-Eco)