Takarék AgrárTrend Index decreases further
On a 48-point scale, the Takarék AgrárTrend Index dropped to 29.5 points in the last quarter of 2022. Compared with the previous quarter, the decline was 0.1 points, and the index was down 2.2 points from the same period of 2021. It made the situation of the arable land sector worse that a lot of farmers waited too long for selling their produce, so processing companies finally decided to look for new partners. 5-6% less chicken and 10% less turkey were slaughtered. From the summer dairy production started growing again in the European Union, but demand for milk and dairy products dropped in China, which affected EU exports. Perspectives improved for pig farmers in the last quarter of 2022.
Dávid Hollósi, managing director of MKB Bank and Takarékbank’s agricultural and food division: “A new era has begun in agriculture. We have to decide which sectors are those where Hungary can make a breakthrough, and this requires a long-term development strategy. Banks have the necessary knowledge, stability and expertise to give a helping hand in this process, so partners can rely on us.” //
Related news
The world’s first environmentally friendly milk is here
A small Tasmanian dairy, Ashgrove, has become the world’s first…
Read more >Lidl invests £1.5bn in British beef production
Lidl is beefing up its sustainability commitments with the launch…
Read more >K&H: companies pay less attention to social responsibility
The commitment of companies to social responsibility has decreased in…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >