ADVERTISEMENT

Hungary farm gate prices rise 1.8% in May

EU

Farm gate prices in Hungary rose 1.8% year-on-year in May after falling for three months in a row, data published Friday by the Central Statistics Office (KSH) show.

Crop prices fell 1.7% in May. Livestock and animal product prices climbed 10.0%. Farm gate prices were down 1.0% in January-May from the same period a year earlier. Crop prices fell 6.6% and livestock and animal product prices rose 12.2%.

Farm gate prices of cereals, including seeds, were down 5.5% in May from the same month a year earlier. Industrial crop prices were up 7.1% and oil seed prices climbed 7.2%, but potato prices plunged 30.0%, fresh vegetable prices rose 12.5c and fresh fruit prices were down 5.0%.

The price of cattle for slaughter rose 8.6% and live hog prices were up 19.1%. Poultry prices edged up 6.4%, milk prices fell 1.6% and the price of fresh eggs jumped 53.7%, after rising more than 60% for two consecutive months.

In January-May, the price of cereals, including seeds, fell 8.2% from the same period a year earlier. Oil seed prices rose 7.9%, but fresh vegetable prices dropped 4.6%, fresh fruit prices were down 9.4% and potato prices sank 48.7%.

Cattle prices rose 8.3% during the period, hog prices were up 23.9% and poultry prices climbed 3.7%. The price of milk was up 5.9% and egg prices jumped 47.7%.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.