Grain reserves in the market

Data from the Agricultural Economics Research Institute’s (AKI) market price information system (PÁIR) reveal that – expressed in live weight price – 5 percent more pigs were slaughtered in January-February 2014 in Hungary than in the same period of 2013.

According to KSH data, Hungary exported 8 percent less live pig in January than a year before; our live pig import reduced by 12 percent. In the 2013-2014 cereal grain year the world’s output increased significantly. French market analyst Tallage opined that wheat, corn and barley yield combined amounted to 260 million tons, 21 million tons more than a year before. Poultry meat trade is gaining momentum in the world market, global export is expected to reach 10.7 million tons in 2014 – up 5 percent from the level of 2013. In the fist sixteen weeks of 2014 the live weight price of broiler chicken was HUF 276/kg in Hungary, 8 percent lower than a year earlier. Whole chickens were sold for processing at HUF 505/kg (last year the price was HUF 492).