ADVERTISEMENT

Ukraine Crisis: War reduces number of imported eggs

Ukraine Crisis

The war in Ukraine has cut the number of imported eggs in Hungarian shops, but local farmers are prepared to meet demand ahead of the Easter holiday, the Egg Association told state news wire MTI on Tuesday.

The association noted that egg farms in Ukraine, mainly in the east of the country, earlier accounted for around 23% of European Union egg imports. The reduction in egg imports hasn't caused any shortages, but has eased oversupply, it added.

Feed prices, which account for 70% of egg farmers' input costs, have been climbing "for a long time" and are being pushed higher because of the war, the association said.

Shop owners concerned about margins, not farmers, are the ones who decide how much consumers pay for eggs, it added.

Egg consumption in Hungary is expected to remain steady this year around 2.3 billion.

ADVERTISEMENT

EBRD puts Hungary GDP growth at 3.5% in 2022 Analysis

EBRD puts Hungary GDP growth at 3.5% in 2022

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.