Hungary’s agricultural producer prices drop 5.5% in November
Hungary’s agricultural producer prices dropped by 5.5% in November, compared to the same month one year earlier, with the price of crop products dropping 11% and the price of live animals and animal products increasing by 5.1%, according to a first reading of data by the Central Statistical Office (KSH).
In November, the price of cereals was down by 15%, the price of fruits decreased by 6.5%, while the producer price level of live animals rose by 4.5% and that of animal products by 6.6%, according to data from KSH. The procurement price of milk has risen since July, equaling HUF 87/liter in November (HUF 8 higher than in October), KSH said.
The price of pigs for slaughter was up by 15%, while the price of chickens for slaughter had dropped by 7.6% over a year, the statistical office reported.
In the January-November period, agricultural producer prices fell by 3.7%, with the prices of crop products dropping by 5% and those of live animals and animal products by 1.5%, as compared to the same 11 month one year earlier.
In that period, vegetable prices were down by 2.5%, and fruit prices by 4.1%, while the price of pigs for slaughter increased by 3.2%. The rise of milk prices in the past few months could not compensate for the decreases at the beginning of the year, meaning the price of milk fell by 7.7% overall, KSH added.
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.