KSH: Hungary’s farm gate prices up 2.8% in February

EU

Agricultural producer prices were up 2.8% in February in year-on-year terms, the increase being consistent with a 7.3% rise in the price of crop products, while the price of live animals and animal products fell by 5.0%, according to a first release of data published by Hungary’s Central Statistical Office (KSH) today.

According to KSH, the price of cereals rose by 2.3%, primarily due to a 16% increase in the price of corn, while the price of wheat fell by 14% in February as compared to the same period of last year. The price of fruits rose by 26% and the price of potatoes by 58%.

The procurement price of pigs for slaughter dropped by 15% between September and December (from HUF 369/kg to HUF 313/kg), and making a moderate comeback in February to HUF 322/kg.

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