Positive change: the price of poultry meat may drop soon
Due to the decrease in the solvent demand of consumers, a slow, unpredictable rate of price reduction is expected on the poultry meat market, prices will not be higher than this, says László Bárány, the owner of the Master Good group.
“The price cap hurts trade, but it has no role in what is going on in the chicken breast or poultry meat market in general. At the beginning of the summer, it seemed that the food price cap had boosted the demand for chicken breast, but in the current period, the processes taking place in the market are mainly due to the it is determined by consumers’ purchasing power, or more precisely by its decline”
Bárány told VG.
“A decline in consumption of a few percent can be observed throughout Europe, which is caused by the fact that the money available to consumers has to be allocated to many things: now the cold months are coming, now you really have to spend more on heating and lighting, you get less for quite a few products, so also for chicken meat. He believes that consumption has reached the peak that the Hungarian market can handle. And prices cannot rise any further, because the answer to even higher prices would be a drastic drop in demand.”
– he added.
Related news
György Raskó: the purchase of basic foodstuffs is also a serious challenge for many Hungarian households
The serious problem of impoverishment is still noticeable among the…
Read more >According to international financial institutions, Hungary is returning to the path of economic growth
According to the forecasts of the international financial institutions, the…
Read more >In the OECD, inflation stagnated in February
In the countries belonging to the Organization for Economic Cooperation…
Read more >Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >