According to the Chamber of Agriculture; the crisis widened
There's a big problem in agriculture: the economic crisis now really reached the industry, which is compounded by the almost a complete shutdown of credit and a full product depression – stated the Presidency of the Hungarian Chamber of Agriculture.
The market of cereals, fruit, milk is stagnating for months now. Grapes, apples, rapeseed, and sunflower followed them. The prices are low and the revenue does not cover the expenses. The farmers suffer losses of hundreds of billions forints in revenues, compared to last year. This can not be substituted by even credits, because banks do not lend, although in the course of the Hungarian Development Bank, 50 billion HUF is available for this purpose.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >