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Hungary farm gate prices rise 1.8% in May

Farm gate prices in Hungary rose 1.8% year-on-year in May after falling for three months in a row, data published Friday by the Central Statistics Office (KSH) show.

Crop prices fell 1.7% in May. Livestock and animal product prices climbed 10.0%. Farm gate prices were down 1.0% in January-May from the same period a year earlier. Crop prices fell 6.6% and livestock and animal product prices rose 12.2%.

Farm gate prices of cereals, including seeds, were down 5.5% in May from the same month a year earlier. Industrial crop prices were up 7.1% and oil seed prices climbed 7.2%, but potato prices plunged 30.0%, fresh vegetable prices rose 12.5c and fresh fruit prices were down 5.0%.

The price of cattle for slaughter rose 8.6% and live hog prices were up 19.1%. Poultry prices edged up 6.4%, milk prices fell 1.6% and the price of fresh eggs jumped 53.7%, after rising more than 60% for two consecutive months.

In January-May, the price of cereals, including seeds, fell 8.2% from the same period a year earlier. Oil seed prices rose 7.9%, but fresh vegetable prices dropped 4.6%, fresh fruit prices were down 9.4% and potato prices sank 48.7%.

Cattle prices rose 8.3% during the period, hog prices were up 23.9% and poultry prices climbed 3.7%. The price of milk was up 5.9% and egg prices jumped 47.7%.