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Hungarian farm gate prices down 22.3% yr/yr in November

  Farm gate prices in Hungary fell 22.3% year-on-year from a high base in November 2008 after declining 16.5 in October, the Central Statistics Office (KSH) reported on Wednesday.


Crop prices fell a further 39.6%, following a 32.6% decline in October, and livestock prices rose 4.1%, slowing from a 7.4% increase in the preceding month. January-November farm gate prices fell 1.2% yr/yr as crop prices dropped 13.0% and livestock prices climbed 14.8%.

A food shortage pushed cereal prices up 82.8% yr/yr in November 2007, creating a high base from which they fell 46.0% in November 2008. Vegetable prices fell just 5.5% yr/yr in November 2008. Fruit prices suffered the biggest decline within crops, dropping 62.3%. Hog prices rose 25.1%, while cattle prices rose just 0.9% and milk prices fell 9.5% in the twelve months to November.

In January-November cereals were 20.8% cheaper than in the same period a year earlier and fruit prices fell 25.0%. Oil seed prices rose 13.9% and fresh vegetable prices climbed 8.8%. Hogs for slaughter cost 16.7% more and poultry prices rose 14.7%. Cattle prices rose just 2.5% and milk prices grew 16.3%. (MTI-Econews)