Farmgate prices up 6.2% in September


Agricultural producer prices in Hungary were up 6.2% year-on-year in September, the Central Statistical Office (KSH) said on Wednesday. Prices of live animals and animal products fell 2.8%, but crop prices were up 12.1%, monthly data show.   

Grain prices were up 15.4% in September, as the price of maize climbed 12% and the wheat price rose 18%.

Fruit prices were down 11% as the price of apples plunged 39% because of a big decline in juice apple prices. Grape prices were practically flat. The price of vegetables rose 27% as tomato prices increased 29%, said the KSH.

Prices of live animals were down 3.2% as pork prices dropped 8.8%.   

In January-September 2018, farmgate prices increased 2.2% year-on-year as crop prices rose 4.8% and prices of livestock and animal products fell 2.1%. Vegetable prices were up 11% and fruit prices were down 10% during the period. 

Live hog prices dropped 12%, while milk was 1.5% dearer and egg prices rose 9.4% in January-September. 

The input prices of agricultural production were 3.5% higher, which resulted from a 3.0% rise in the price of intermediate consumption and a 5.6% increase in the price of agricultural investments. Animal feedstuff prices went up by 5.4%, while fertilizer prices rose 0.4%.

Agricultural producer prices for October 2018 will be published on December 14.


Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest


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.