Hungary: Rising prices for meat and dairy products are inevitable

The public body's communication draws attention to the fact that livestock keepers are facing serious difficulties everywhere due to the 30-50 per cent rise in the price of feed worldwide. This price increase is also reflected in domestic livestock farmers, slaughterhouses and processing plants. Thus, according to industry participants, consumer prices may also rise in the coming months. The price of feed has risen significantly in recent months, following the jump in world commodities (cereals, protein crops, amino acids). Due to the global price increase, the cost of livestock farmers has increased significantly, as feed is the largest cost element in animal husbandry. With the increase in the price of slaughter animals and animal products (milk, eggs), the increased costs are also passed on to meat and dairy processors. According to the leading professional organizations and companies in the sector, all this may lead to a gradual increase in the retail consumer price of meat ...