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Hungary farm gate prices climb 11.8% in November

Farm gate prices in Hungary rose 11.8% year-on-year in November, slowing from a 13.4% increase in October, the Central Statistics Office (KSH) said on Thursday.

Crop prices rose 8.7% during the period. Grain prices were up 12.9% and industrial crop prices rose 18.6% yr/yr.

Potato prices fell 55.9%. Fruit prices rose 7.0%.

Livestock and animal product prices climbed 17.3%.

The price of cattle for slaughter jumped 43.0%, hog prices were up 25.7% and poultry prices increased 10.6%. Egg prices rose just 2.6%, but the price of milk was up 15.0%.

January-November farm gate prices were up 20.2% yr/yr, as crop prices rose 23.3% including a 33.1% rise in the price of grain, and livestock and animal products prices rose 14.7% in the period.

Farm gate prices fell year-on-year until June 2010 before starting to rise at a double-digit pace in July 2010.