Hungary: The price explosion is coming, pork will be much more expensive

Published 2022년 1월 10일

Tridge summary

The pork sector in Hungary faced challenges in 2021 due to the Covid-19 pandemic and African swine fever, leading to an increase in cost prices for pig farmers, which is expected to result in higher prices for pork products in the first half of 2022. The president of the Meat Association, Tamás Éder, notes that the price adjustment has already begun and a 25-30 percent increase in feed prices will be included in the cost prices, as feed makes up 65-70 percent of the production cost of pigs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

He said the sector closed a fluctuating year in 2021 and farmers could not “swallow” the increase in feed prices even at the end of last year. That is, cost prices have risen significantly, which pig farmers will be forced to enforce in the first months of 2022, the expert said. In recent years, the pork sector has been under double viral exposure, and 2021 was such a year, as this sector was drastically affected not only by the impact of the Covid epidemic, but also by the emergence of African swine fever (ASP), Tamás Éder explained. He said that pork products on store shelves did not become significantly more expensive than the inflation rate last year, but as the price of live pigs no longer covers farmers' costs, there may now be a bigger price explosion so that farmers do not pass on the losses. pig. According to Tamás Éder, the price adjustment has already started at the end of the year, which is expected to continue for half a year. Therefore, the prices in the stores will ...
Source: Agronaplo

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