Institute of Agricultural Economics: the price of grain, industrial and fodder crops, and many vegetables decreased

Based on their data, in the last week of January in Hungary, the producer price of feed wheat and feed corn fell by 41 percent, the producer price of edible wheat and industrial sunflower seed by 37 percent, rapeseed by 23 percent, and soybeans by 20 percent. The producer prices of food wheat and fodder barley also decreased by the end of the month compared to the beginning of January. Compared to the first month of 2023, the processing sales prices of grain-based products have also dropped significantly, by around 36-41 percent for fine flour, 29-33 percent for pastry flour, and 40-42 percent for bread flour.

Chicken and pig feed mixtures became cheaper by 7-10 percent even in December

Based on a comparison of wholesale prices, domestically grown head cabbage could be bought 9 percent cheaper than a year ago, and most potato varieties had to be paid 5-10 percent less. Lettuce and parsley cost as much as in the same period of 2023, while the price increase of brown-skinned red onions, kale, carrots, and pumpkins did not exceed 10 percent. To a greater extent, green onions, dry white beans, black radishes, and sweet peppers for stuffing have become more expensive based on the most common market prices of domestic crops, they said.

MTI