Farmgate prices up 7.3% in October
Image by Pixabay
Agricultural producer prices were 7.3% higher in October 2017 than in the corresponding month of the previous year, which was made up of an increase of 8.0% in the prices of crop products and a 6.2% rise in prices of live animals and animal products, according to a first release of monthly data from the Central Statistical Office (KSH).
In October 2017 compared to October 2016, cereal prices were 9.8% higher, within which the price of wheat rose 11%, that of maize was up 9.6%, and the price of barley increased 5.5%.
Prices of fruit rose by 32% year-on-year in October, within which the price of apples for processing rose an outstanding 174%, and the price of grapes by 3.0%. Vegetable prices rose 10.2%, while the price of potatoes fell 11.3%.
The producer price level of live animals rose by 1.5%, and that of animal products by 18% in October. The price of poultry for slaughter increased by 3.0%, while that of pigs for slaughter declined by 2.3%.
Milk prices were up by 25% and the price of eggs by 4.4%. The procurement price of milk was most recently as high as it is now (HUF 102/liter) in October 2014.
4.5% rise in first ten months
In January–October 2017 compared to the equivalent period of the previous year, agricultural producer prices went up by 4.5%. Within this, the price of crop products rose by 1.1% and that of live animals and animal products by 10%.
Fruit prices were up 17.0%, while vegetable prices were up by 0.2% in total over the first ten months. The price of tomatoes increased by 5.2%, while that of carrots fell by 11% and onions by 4.0%. Potato prices fell by 9.8%.
The price of pigs for slaughter went up by 15%, and milk prices by 26% in January–October.
Agricultural producer prices for November 2017 will be published by the KSH on January 15, 2018.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.