Hungary: A kilo of pork could soon cost up to HUF 4,000

Published 2022년 9월 1일

Tridge summary

Small and larger pork producers in Hungary are expressing disappointment and concern over the potential for significant price increases due to rising production costs and energy prices. The price of live pigs has increased by approximately 60%, leading to estimates that the consumer price of pork could rise by about 25%. However, an oversupply situation on the global market, caused by a decrease in the Chinese pork herd and reduced imports, could result in cheap Spanish pork flooding the Hungarian market and displacing local producers. Additionally, the retail purchase price of pork in Hungary has already increased by an average of 50% compared to last summer.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The small producers of the pork sector are extremely disappointed, but the larger meat plants are not optimistic either. A significant increase in the current prices would be justified, as they can currently bring the production to zero at most, and for the time being they cannot even cope with the changes due to the increase in energy prices. However, if production continues like this and the price cap is lifted, a kilo of pork could soon cost up to HUF 4,000, and the price of Mangalica meat could rise to HUF 10,000. Larger meat plants are not optimistic either The price of meat products may continue to rise vigorously if only because the purchase price of live pigs has risen by approximately 60 percent in recent months, according to the latest data from the Market Price Information System of the Agricultural Research Institute (AKI PÁIR), to HUF 780-800, which is how much slaughterhouses buy live pigs in Hungary. kilo of pork. As a result, the final consumer price of pork may ...
Source: Trademagazin

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