POST Online Media Lite Edition


Farmgate prices in Hungary rise 3.0% in July

Staff Writer |
Agricultural producer prices were 3.0% higher in July 2017 than in the corresponding month of the previous year.

Article continues below

That was made up of a 1.4% decrease in the price of crop products and an 11% rise in the price of live animals and animal products, according to a first release of monthly data from the Central Statistical Office (KSH).

In July 2017 compared to July 2016, cereal prices decreased by 3.9%, within which the price of wheat was 11% higher and that of maize was down 11%.

Fruit prices rose by 23% in July year-on-year. Among significant products, prices of pears and peaches decreased by 9.3% and 9.0%, respectively, while prices of strawberries and plums were 36% and 72% higher, respectively.

Vegetables prices went up by 0.6%. Potatoes were 19% cheaper.

The price level of live animals rose by 4.7%, and that of animal products by 27%. The price of pigs for slaughter increased by 6.6%.

Milk prices were 36% higher, with a procurement price of HUF 94 per liter, a similar price level as at the end of 2014, notes the KSH.

In January–July 2017 compared to the same seven-month period of 2016, agricultural producer prices increased by 2.9%. Within this, the price of crop products decreased by 2.0%, while that of live animals and animal products rose by 12%.

Vegetables prices were down by 3.1% year-on-year in January–July. The price of potatoes decreased by 8.0%. The price of pigs for slaughter rose by 22%, and milk prices by 25%.

What to read next

Milk to feed price ratio finally starting to rise in UK
AHDB reveals impact of aligned milk on average prices
Farmgate milk prices lift on both sides of globe