Meat Processors afraid of Hungarian meat market collapse

Due to the loss of the meat processors many companies can get into bankruptcy, the Hungarian meat market can even collapse – said Fazekas József, head of the Kelet-magyarországi Húsosok Kft..

The company, in which eight smaller company carries out its businesses last year generated revenues of 12 billion HUF, about 30 percent less than a year earlier. The company's loss was approximately 400 million HUF, according to preliminary datas.
According to Fazekas József; the situation could be solved with the regulation of the market with the suppression of the black economy and a fair benefit sharing. (MTI)