MBH: the prospects for the Hungarian food industry continued to improve in the third quarter
This year, after the strengthening experienced in the first half of the year, the prospects of the Hungarian food industry improved further in the third quarter, the more favorable situation of livestock keepers is driving the sector – MBH Bank informed MTI on Wednesday.
According to the MBH AgrárTrend Index – a quarterly analysis of the bank’s agricultural and food industry business – food inflation moderated to around 10 percent by autumn, so they are confident that demand for store products will also improve in addition to the strengthening of real wages. The food retail turnover is still lagging behind the usual.
The announcement quoted Dávid Hollósi, the managing director of MBH Bank’s agricultural and food business, who said that 2024 will be a transitional year in agriculture. One year is not enough to recover, the supply chains partially damaged due to the Russian-Ukrainian war can be restored by 2025, by which time real wages can continue to strengthen and consumption can also increase substantially, he explained.
Related news
MBH quick analysis: The tourism sector excelled in another month
After a strong March, tourism in Hungary continued to thrive…
Read more >MBH Bank: the outlook for agriculture by the end of the first quarter worsened due to foot-and-mouth disease
The assessment of the situation in agriculture by the end…
Read more >MBH: Irrigation development subsidies could increase income by 80-100 billion forints per year
Irrigation development investments financed from the common agricultural policy could…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >