The pig sector is not in an easy situation in spite of the VAT reduction
The VAT reduction on pork from 27 to 5 percent resulted in increased in sales, but the industry is still struggling to compete with the cheap Western European imports because of the Russian embargo – according to the Livestock and Meat Interprofessional Organization and Marketing Board (VHT).
Németh Antal, President of the VHT told MTI on Tuesday that the as the result of the measure of the government pork sales increased by 15-20 percent compared with January 2015. The traders inform that the rise in turnover basically not influenced the consumer demand for other products. (MTI)
Related news
The number of cattle slaughters increased at the beginning of the year
In the first quarter of 2025, 23.3 thousand cattle were…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >Innovation and optimism: the industry shows its strength at IFFA 2025
The atmosphere at the stands of over 1,000 exhibitors at…
Read more >Related news
MBH quick analysis: Retail produced strong numbers in April
Retail sales rose by 5.0% year-on-year in April, surpassing the…
Read more >The Hungarian economy is facing increasingly strong headwinds
Despite the uptick in household consumption, Hungary’s economic growth is…
Read more >How long can large companies wait to invest?
The investment willingness of large companies has been stagnant for…
Read more >