A strong forint lifted meat prices

The Agricultural Economics Research Institute (AKI) continuously monitors and publishes world trends in poultry and meat products. Their last report reveals that the abattoir entry price of slaughter pig in the ‘E’ trading category kept growing in the European Union – it was 9 percent higher if measured in forint in the second quarter, compared with the end of the first three months in 2010. According to AKI’s researchers, the competitiveness of European pork is increasing and export opportunities are better than in the US or Brazil. In Hungary slaughter pig production prices followed the trends in the EU. The weakening of the forint contributed to the price increase, as imported slaughter pig prices augmented as well. Chicken meat sales prices may go up by 3-8 percent in the following weeks.