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
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >