Price increases and closures may come to the meat market

In case of pork and poultry products, a further price increases can be expected – writes Világgazdaság.  The producers of the sector – especially those who are dealing with chicken and turkey – will close their plants, and some processors will also be closed in a few months – the experts say.

According to Raskó György expert, in case of poultry and pork meat products an approximately 5 percent price increase would be needed, however, it is questionable that the producers can enforce the necessary price increases at their commercial partners. Raskó believes that a significant forint weakening could improve somewhat in the situation of the exporting meat and poultry industrial processors. (portfolio.hu.)