Pig farming is becoming more expensive in Hungary

Published 2021년 10월 4일

Tridge summary

The article highlights the ongoing challenge faced by the Hungarian pork sector due to low prices, which is becoming increasingly burdensome for farmers as production costs rise and revenue remains stagnant. The high cost of feed, coupled with a decrease in transfer prices and a large foreign supply, particularly from China, are exacerbating the problem. Approximately 9,000 small farmers may be significantly impacted, especially given the economic difficulties they faced due to swine fever. In response, the Ministry of Agriculture has announced plans to increase support, accelerate payments, and offer interest-free loans to pig farmers as a means to alleviate the crisis.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While a rapid rise in food prices has been observed recently, pork has been stagnating at low prices for a long time. This puts the sector in a very difficult position, as farmers have to spend more and more on animals these days, but they can only sell the product at a depressed price, the Index writes. Farmers are not happy with the current pork prices At present, the price of a pork leg per kilo at multis is between 1000-1500 forints, although in the markets it is sometimes close to 2000 forints. The purchase price of live pigs is between 350-380 forints per kilogram. The transfer price of processors and slaughterhouses slipped from almost HUF 500 in the summer to almost HUF 400, but the price of feed almost doubled. Instead of last year's HUF 4,500, it will now cost HUF 7,500 - outlined Gábor Antal, CEO of Hód-Mezőkazda Zrt., Who also said that even larger economies were in a difficult situation due to the crisis. According to hvg.hu, about 9,000 small farmers may be severely ...

Source: Trademagazin