Hungary: Price increase is imminent, dairy products may become more expensive

Published 2021년 9월 21일

Tridge summary

The article reports a significant increase in the prices of raw milk and dairy products in Hungary, attributed to rising producer costs and a scarcity of milk in the European Union. The Milk Interprofessional Organization and Product Council forecasts further price hikes in the early months of next year. Despite this, the increase in dairy market participants' costs has so far remained below the average increase in consumer prices, with food inflation at 3.7% in August. However, the price of some dairy products, like Trappist cheese, has seen a more substantial increase.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January, the rate of annual price increase was still 2 percent - which was not a real increase in nominal terms, but the summer tide was lagging behind - and in July it was already 8 percent, and in August it was 9 percent. According to experts, the usual price increase starting at the end of the summer will not lag behind this year either, until raw milk prices are forecast to rise until the first few months of next year, the World Economy writes. Zoltán Harcz, the managing director of the Milk Interprofessional Organization and Product Council, drew attention to the fact that the annual HUF 110 forecast of the Product Council refers to the base price, to which a premium is added even after the content. You may also be interested in! The price of dairy products is rising unstoppably: this is actually behind the rise in prices. Dairy products have not escaped the rise in prices either. You may also be interested in! Of course, there are market bases for this: producer costs are ...
Source: Agrarszektor

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