Tamás Éder: significant losses have been accumulated by domestic meat industry companies
The Hungarian meat industry has been struggling with significant challenges lately, which was also reflected in the success of the year 2023. Tamás Éder, president of the Hungarian Meat Industry Association, told the Agricultural Sector that in the past year, domestic meat industry companies accumulated significant losses, which were aggravated by declining meat consumption trends and higher production costs.
Live pig prices have risen significantly in recent years, which has created a more favorable situation for pig farmers, but slaughterhouses and product manufacturers are in a more difficult situation than before. The picture for the sector as a whole is mixed: while breeders can make a profit, processors and preservers face serious difficulties.
Interestingly, although the meat-free lifestyle is gaining more and more ground worldwide, the decrease in meat consumption in Hungary is not primarily caused by this, but by income problems. The Hungarian population can afford to consume meat less and less, which poses further challenges for the sector.
Related news
There is already lab meat that is just like the real thing
South Korean researchers have developed a pioneering method for the…
Read more >Mandatory promotions are over: the industry received the news mixed
As of July 1, 2024, the government has abolished the…
Read more >The processing sales price of chicken breast decreased by 15 percent
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >Related news
Research: the financial situation of the middle-aged has become more favorable
The financial situation of the middle-aged has improved, according to…
Read more >SPAR also helps its small producers with an application based on artificial intelligence
SPAR Hungary has further expanded its partner program for small…
Read more >Zewa: Couples don’t fight over the toilet seat
Using a smartphone is the most common activity while using…
Read more >