Trademagazin > News and articles > Company and Personal News > A wave of bankruptcies could destroy Hungarian poultry companies due to the coronavirus
A wave of bankruptcies could destroy Hungarian poultry companies due to the coronavirus
A wave of bankruptcies could sweep through the domestic poultry sector due to the economic effects of the coronavirus pandemic – Bárány László, the founding owner of the Kisvárda-Nyírkércs-based Master Good group said in an interview with Deloitte Zrt. and agrarszektor.hu.
Businesses in the sector are expected to return to normal in late May-early June, but it will take at least six to ten months for normalization. According to Bárány László, due to the limited market opportunities, it would be expedient to consider financing the producer’s poultry surplus and the accumulated frozen poultry products. (agrarszektor.hu)
Related news
Easter eggs can be a third cheaper than last year
By Easter, the average consumer price of eggs can be…
Read more >The price of chicken breast fillets decreased by 19 percent
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >The Hungarian poultry sector must participate in disciplined integration
In order for the Hungarian poultry sector to meet market…
Read more >
More related news >
Related news
IKEA is expanding its services in seven large rural towns
In the spirit of affordability and accessibility, IKEA is constantly…
Read more >Summer arrives early with the new flavour of Borsodi Friss
The Borsodi Friss product line is being expanded with a…
Read more >NAK-FruitVeB: there is also plenty of Hungarian horseradish for export
In addition to the domestic market, there is plenty of…
Read more >