Takarékbank expects agricultural operators to become more expensive

By: Trademagazin editor Date: 2021. 07. 28. 11:20

The outlook for Hungarian agriculture has further improved, with the Takarék AgrárTrend Index measuring the situation in the sector rising slightly further in the second quarter, the financial institution told MTI on Wednesday.

The assessment of the situation of market participants has improved mainly on the product lines based on poultry, grape wine and arable crop production, while in the other sub-sectors stagnation and minimal decrease can be observed. All players in the food market agree that the rise in the price of raw materials has not yet been fully incorporated into sales prices. Experts from the Agricultural Division of Takarékbank also expect that food prices will continue to rise in the next year, and a multi-year growth cycle is also expected. (MTI)