ADVERTISEMENT

Pork prices rise by 50%

EU

Live pigs have continued to grow in price in recent weeks, and as meat companies have been able to absorb only part of their cost increases so far, prices are expected to rise further, writes Világgazdaság.

In one year, the price of live pigs has risen by more than 50% in forint terms.

This is largely a reflection of EU market developments, as the European average price rose by more than 40% in euros, and the weakening of the forint also contributed to the rise, said Tamás Éder, president of the Hungarian Meat Industry Association.

This has a direct effect on Hungarian prices, as they are in most cases tied to European prices, and German prices in particular, and are settled in HUF, vg.hu notes.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

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

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.