Soaring cereal prices
According to PÁIR data from the Research Institute of Agricultural Economics (AKI), on the fourth week of March wheat’s price (without VAT and transportation costs) was HUF 117.7 thousand/tonne, 59% higher than in the same period of 2021. For feed corn buyers had to pay HUF 117.1 thousand/tonne, as the price jumped 62%. Rapeseed’s production price was HUF 269.7 thousand/tonne, having grown by 43%, while sunflower seed was sold at HUF 264.1 thousand/tonne – the price increase here was 78%.
In the first two months of 2022 91 thousand tonnes of poultry was slaughtered in Hungary, 19% less than in January-February 2021. The Central Statistical Office (KSH) has reported that Hungary’s poultry meat export fell 3.1% to 17 thousand tonnes in January 2022 if compared with the first month of 2021. Our poultry meat import grew by 22.8% to 6.4 thousand tonnes in the same period. Broiler chicken’s live weight production price jumped 35.9% to HUF 350/kg.//
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