Lockdown lifts farmgate prices in March
pixabay
Farmgate prices in Hungary rose 10.3% year-on-year in March, climbing at the fastest rate in years as the country went into a lockdown because of the coronavirus pandemic, state news wire MTI reports citing fresh data from the Central Statistical Office (KSH).
Image by Pixabay
Prices of animals and animal products climbed 17.4% and crop prices were up 6.7%.
Live animal prices jumped 23.2% from a year earlier. Prices of animal products such as milk and eggs rose 6%.
Cereal prices were flat but prices of industrial crops jumped 24.5%. Fruit prices rocketed 45.7% while vegetable prices fell 8.3%.
In the first quarter, farm gate prices increased 6.2% from the same period of last year.
Agricultural input prices rose just 0.4%, causing terms of trade to improve by 5.8% during the period. Among input prices, prices of veterinary drugs increased the most, rising 5.8%, while fertilizer prices dropped 10.1%.
In these challenging times, bbj.hu is committed to providing you with up-to-date and accurate information. We will post at least three coronavirus updates each day, including weekends and bank holidays, at 10 a.m., noon and 5 p.m., or as close to then as developing events allow. Breaking news and other stories will be added throughout the day Monday-through-Friday.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Bulgaria's Household Income, Spending Rise 20% in 2023
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
