ADVERTISEMENT

Rapeseed price increase pushing up product costs

Crops

The price of rapeseed is at its peak, which is why cooking oil, margarine and biofuels are also expected to become more expensive, according to a report by Népszava.

The main reason for the extraordinary price increase is that China also bought Ukrainian rapeseed and its products, so it could not enter the European market. Tamás Petőházi, president of the National Association of Cereal Growers, told the paper that this first happened last autumn, after which much more had to be paid for the valuable industrial crop.

The price per tonne is currently between HUF 185,000-195,000 instead of the previous 110,000-120,000. This has an impact mainly on the food industry, but rapeseed oil paints are already more expensive in the construction industry.

 

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.