Trademagazin > News and articles > Market News > The amount spent on the purchase of agricultural machinery increased last year
The amount spent on the purchase of agricultural machinery increased last year
Businesses spent more than 180 billion USD worth on new farm equipment last year, up 3 percent on the previous year, and spent 7 percent more on components in the agricultural sector, according to a survey conducted by the NAIK Agricultural Research Institute distributor and manufacturer sales report.
According to the report, farmers continued to spend the most on power machinery, accounting for 56 percent of the total value of agricultural machinery investment. Within the total sales, tractors accounted for 34 percent and combine harvesters for 12 percent. Last year, more than 3,000 new tractors were sold for 61 billion HUF. (MTI)
Related news
In 2023, the animals were fed mainly with fermented and fibrous bulk feed
In Hungary, 7,598,000 tons (100 percent coverage) of fodder were…
Read more >The agricultural council must show the main directions of the agricultural policy after 2027
The aim of the six-month Hungarian presidency of the Council…
Read more >Fresh Hungarian sweet corn is delicious both baked and boiled
Sweet corn is one of the hit vegetables of the…
Read more >
More related news >
Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >