KSH: Agricultural producer prices drop 5.6% in July in Hungary

EU

Hungary’s agricultural producer prices saw a year-on-year drop of 5.6% in July, with the price of crops falling by 1.9% and the price of livestock and animal products down by 11.2%, Hungary’s Central Statistical Office said today in a first release of data.

Data from KSH suggest that the price of cereals fell by 8.1%, while fresh vegetables saw a price decrease of 3.3%. The harvest of wheat has begun, and its purchase price rose by 2.2%, while corn prices dropped by 15%, KSH said. The price of potatoes was up 9.0% and the price of fresh fruit by 24%.

The producer price level of live animals dropped 9.0% and that of animal products also fell 16%.

In January-July, farm gate prices declined 5.7%, as crop prices fell 3.6% and livestock and animal products prices were down 8.9%.

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