Agricultural producer prices drop 2.6% in August

EU

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Hungary’s agricultural producer prices dropped by 2.6% in August, compared to the same month a year earlier, including a 5.5% drop in the prices of crops and a 2.5% rise in the prices of live animals and animal products, the Central Statistical Office (KSH) said in a first release of data today.

Opposing trends were experienced in the prices of wheat and corn, KSH figures show. While the price of wheat significantly decreased year-on-year from HUF 48.4/kg to HUF 38.6/kg, the price of corn rose slightly from HUF 43.4/kg to HUF 46.2/kg, the KSH report said. 

The price of cereals was down by 5% on average in August, compared to the same month of 2015, as the price of wheat fell by 17%, while that of corn rose by 4.8%, the KSH reported. The price of fruits fell by 4.6% and that of vegetables by 8.3%, while the price of potatoes was up by 18%. The producer price level of live animals rose by 4.5%, while that of animal products declined by 2.4%, according to the KSH.

In the January-August period, compared to the corresponding period of 2015, agricultural producer prices fell by 0.5%, with prices of crops up by 1.2%, and those of live animals and animal products down by 3.2%, according to KSH data. The price of vegetables increased by 0.7%, while that of fruits decreased by 0.5% and the price of milk dropped by 11%, the KSH reported.

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