Price drop in the poultry market

Significant oversupply and falling prices have also developed in the European and Hungarian poultry markets. The sectoral professional organizations – with the agreement of the Hungarian Product Council – would treat ovesupply with by temporarily restricting imports from third countries – Világgazdaság wrote on Monday.

Csorbai Attila, chairman and director of the Poultry Products Council (BTT), told the newspaper that the complete shutdown of the HoReCa sector (hotels, restaurants, cafés) in the poultry market in the EU member states is causing a 20-40 percent drop in the poultry meat market. This means that there is overproduction everywhere, which has caused prices to fall. (MTI)