According to Hungarian bank, the world may turn around by 2025
Market & Price Trends
Published Dec 8, 2023
The MBH AgrárTrend Index increased to 31.6 points in the third quarter of 2023, with a more favorable situation for livestock keepers driving the sector's optimism. Food inflation moderated to around 10 percent and there is confidence that demand for store products will improve. Agriculture overall is expected to experience a transitional year in 2024, with hopes for improved competitiveness and profitability thanks to effective production methods and increased added value.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
The food retail turnover is still lagging behind the usual. The current value represents an increase of 0.6 points compared to the second quarter of 2023, and an increase of 2 points year-on-year. In the third quarter of 2023, the assessment of the wheat, corn and sunflower product tracks stagnated or deteriorated, but the other sub-sectors showed a positive outlook. However, there is still no one among them that would reach the growth path of 3-5 percent, which is considered the equilibrium level, as well as the 35 points that represent stable price and income conditions at all points. A sub-sector, pigs, however, came very close to this, and the poultry product track is also not far behind. In a recessionary environment, cheaper protein alternatives, including eggs, come to the fore. There is an increase in their sales. After last year's big drought, the weather this year was generally favorable for domestic agriculture. Corn, which will suffer extreme damage in 2022, can be a ...