Tridge summary
The Institute of Agricultural Economics has released a report on the Hungarian poultry market, highlighting significant price increases in eggs and poultry meat. Hungary has seen eggs prices rise by 72.2% in 2022, more than the EU average, due to a new government decree. globally, egg production and consumption are expected to grow, with the EU experiencing a 89% increase in imports but a 12.4% decrease in exports. In the Hungarian poultry meat market, producer prices for broiler chicken and turkeys have changed significantly, with broiler prices increasing by 50.4% and turkey prices decreasing by nearly 40%. The Hungarian poultry meat export increased by 18% in the first nine months of 2022, but imports rose by 64.5%. Market data forecasts a slight growth in the global and EU poultry meat markets until 2031.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The latest agricultural market report of the Institute of Agricultural Economics, on the poultry market, has been published. The domestic price increase of eggs significantly exceeds the European Union average, which was 72.2 percent last year. As is well known, from November this product must also be sold at official prices in domestic retail. According to the government decree, everyone can sell for a maximum of what they gave on September 30. The guideline is the average price of 732 HUF/10 pieces established by the KSH. Global and EU egg market According to the forecast published by the United States Department of Agriculture (USDA) in January, US egg production may decrease by 0.7 percent in the first quarter of 2023 compared to the same period of the previous year, but the increase may be 4.9 percent on an annual basis. Egg consumption per capita may decrease by 0.7 percent in the first quarter of this year compared to the same period of the previous year, while an annual ...
Source: magyarmezogazdasag
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