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Farm, food industry confidence improves slightly in Q2

Analysis

Takarékbank's gauge of sentiment in the farm and food sectors edged up in the second quarter, as poultry and crop farmers, and vintners delivered better assessments of their situations, according to a report by state news wire MTI.

The Takarék AgrárTrend Index rose to 32.1 points in Q2 from 32 points in Q1. A value over 35 on the 48-point index signals above neutral growth.

The outlook for the sector is made uncertain by the pandemic and by the impact of drought conditions in June on the maize crop, Takarékbank's farm experts said.

Farmers do not expect feed prices to rise further, but do augur a passthrough of feedstock prices, they added.

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