MBH AgrárTrend Index: Cautious optimism characterizes the players in Hungarian agriculture

By: Trademagazin Date: 2023. 05. 10. 12:38

After a year of continuous decline, the value of the MBH AgrárTrend Index rose again in the first quarter of 2023. Due to the drop in energy and fodder prices, this year may well be the year of the livestock breeders, but in field crop production, which is the basis of Hungarian agriculture, very good weather conditions will be necessary to maintain profitability precisely because of the lower purchase prices – revealed the MBH Bank Agrár- és Élelmiszeripari From the summary of the industry’s analysts, which was prepared by interviewing the actors of the agrarian sector.

According to the experts, although the decrease in retail consumption has an adverse effect on the turnover of the manufacturing industry, the high prices compensate for this. The slowdown in inflation and the reduction in energy prices can be a cause for optimism.

“With the merger of MKB Bank and Takarékbank and the creation of MBH Bank, we have an even greater insight into the food industry, from the smallest primary producers to small, medium and large enterprises, to export-capable companies, the financing of which requires outstanding knowledge and stability. From the banking side, we have everything available”

– said Dávid Hollósi, managing director of MBH Bank’s Agricultural and Food Business.

“We are at the beginning of a new era in the food industry, expertise, capital and efficiency are needed”

– he said, emphasizing that it is a sector of strategic importance and an area that people are increasingly interested in due to defining issues such as food prices.