Hungary: The domestic turkey sector is looking for a new state of balance

Turkey Meat

Meat

Hungary

Market & Price Trends

Published Jan 16, 2024

Tridge summary

The Hungarian Turkey Association is confident in the value of Hungarian-origin turkeys for consumers during the Christmas period, despite challenges in the sector such as rising input costs and decreasing consumption. The turkey's share of slaughter animal production has decreased significantly since 2002, partly due to lower production volume and the growth of other sectors such as chicken and roast duck. The association acknowledges the high nutritional and biological value of turkey meat, but recognizes the need to address economic challenges and seek opportunities for growth and development within the sector.

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.

Original content

The Hungarian Turkey Association is prepared for the Christmas period and is confident that the safety and quality of Hungarian origin will continue to be of value to consumers. The turkey sector (also) faced and is facing many challenges, such as the significant increase in the price of input materials, decreasing consumption or the reduction of slaughter plant capacities, concentration, the Hungarian Turkey Association summarized the year. The article is from Trade magazine 12/01/2023. can be read in its issue. Within the poultry sector, the turkey's share of slaughter animal production in 2022 was 12.68%, which is approximately half of the value in 2002 (27.11%). The decreasing ratio can be partly attributed to the lower production volume and partly to the intensive growth of the chicken and roast duck sectors. Hungary used to be among the largest turkey-consuming nations in the world. In the years 2003-2004, after Israel and the United States, the most turkey meat was consumed ...

Source: Trademagazin