Pork consumption increased as a result of VAT cuts
Pig meat consumption increased by about 2.2 kg per capita in Hungary per person according to the data of the Central Statistical Office (KSH). The increase in consumption is mainly due to the VAT cuts.
Fazekas Sándor said: as a result of a 10 percent increase since 2016, pork consumption is an average of 23 to 25 kilograms. This growth can also be linked to the increasing income of the population and the increase in minimum wages. (MTI)
Related news
Producer prices of slaughter cattle continue to rise
According to AKI slaughter statistics, in 2024, cattle slaughter in…
Read more >Declining profitability, increasing efficiency: challenges and opportunities in pig farming
Pig farmers are expecting declining profitability this year, despite their…
Read more >Croatian Entrepreneurs’ Association calls for uniform reduction of VAT on food
Due to excessive price increases, the Croatian Entrepreneurs’ Association (UGP)…
Read more >Related news
Interest discount on green loans
The popular green home loan will be even more favorable…
Read more >Recent survey: Fear of rejection is crippling businesses
A recent survey found that 33 percent of businesses cite…
Read more >Alibaba’s quarterly profit increases significantly
Chinese e-commerce giant Alibaba Group Holding reported a sharp rise…
Read more >