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Hungary farm gate prices rise 45% yr/yr in April

Farm gate prices in Hungary rose 45.2% yr/yr in April, slightly slower than the 48.2% rise in March, the Central Statistics Office (KSH) said.

January-April farm gate prices were up 45.0% yr/yr.

The increases were from a low base as farm gate prices fell 5.7% in the twelve months to April 2010 and fell 0.2% yr/yr in January-April 2010. The prices fell yr/yr until June 2010 before they started to rise at double-digit paces in July 2010.

April crop prices were 59.1% higher than twelve months earlier, and livestock and animal products prices were up 19.9% yr/yr, the former rising slightly less and the latter increasing more than the respective increases registered in March.

Farm gate prices rose 16.8% for the full year of 2010 after a 9.5% decrease in 2009. Crop prices rose 27.6% last year after a 12.7% drop in 2009 and livestock and animal products prices rose 1.8% after declining 4.6% in the previous year.