Farmgate prices rise 3.0% in July

EU

Agricultural producer prices were 3.0% higher in July 2017 than in the corresponding month of the previous year, which was made up of a 1.4% decrease in the price of crop products and an 11% rise in the price of live animals and animal products, according to a first release of monthly data from the Central Statistical Office (KSH).

In July 2017 compared to July 2016, cereal prices decreased by 3.9%, within which the price of wheat was 11% higher and that of maize was down 11%.

Fruit prices rose by 23% in July year-on-year. Among significant products, prices of pears and peaches decreased by 9.3% and 9.0%, respectively, while prices of strawberries and plums were 36% and 72% higher, respectively.

Vegetables prices went up by 0.6%. Potatoes were 19% cheaper.

The price level of live animals rose by 4.7%, and that of animal products by 27%. The price of pigs for slaughter increased by 6.6%.

Milk prices were 36% higher, with a procurement price of HUF 94 per liter, a similar price level as at the end of 2014, notes the KSH.

In January‚ÄďJuly 2017 compared to the same seven-month period of 2016, agricultural producer prices increased by 2.9%. Within this, the price of crop products decreased by 2.0%, while that of live animals and animal products rose by 12%.

Vegetables prices were down by 3.1% year-on-year in January‚ÄďJuly. The price of potatoes decreased by 8.0%. The price of pigs for slaughter rose by 22%, and milk prices by 25%.

ADVERTISEMENT

Czech Economic Confidence Weakens in February Analysis

Czech Economic Confidence Weakens in February

Parliament Elects Sulyok as New Hungarian President Parliament

Parliament Elects Sulyok as New Hungarian President

PwC Hungary to Introduce 4-day Summer Working Week HR

PwC Hungary to Introduce 4-day Summer Working Week

Diversity in Focus at AmCham Hungary's HR Dream Day Conferences

Diversity in Focus at AmCham Hungary's HR Dream Day

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.