Agricultural production declined prices increased
The gross added value of the agricultural sector in 2015 declined by 8.0 percent on the previous year's prices and remained unchanged at current prices. The 3.1 percent drop in volume is compensated by the 3.6 percent rise in prices – the Central Statistical Office (KSH) announced on Thursday on the basis of the preliminary data of the farm bill system.
The price increase mainly affected crop production. Within the product group, price increase was 7.5 percent, while the price level of animals and animal products fell by 1.9 percent.
The volume of crop production output decreased by 8.6 percent, according to the first preliminary data. Maize production fell significantly, by 30 percent due to the unfavorable dry weather and due to the high base of the previous year. (MTI)
Related news
Experts recommend regular vaccination against equine herpes
Experts at the University of Veterinary Medicine conference in Budapest…
Read more >KSH: industrial production decreased by 3.9 percent in January
In January 2025, the volume of industrial production fell by…
Read more >Agrometeorology: Night frosts to return next week
Further heavy rain is expected until the end of the…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >