Hungary: The poultry sector is in serious trouble

Published Nov 24, 2022

Tridge summary

While St. Martin's Day and Christmas have been "red-letter holidays" in the goose breeders' calendars since time immemorial - 80-90 percent of their annual stock is sold out at this time - the geese see no reason to rejoice this year.

Original content

This year could perhaps be compared to St. Martin's Day in 2008, when people were waiting for the holidays with serious recession fears, and this also left its mark on festive consumption. At this time last year, we talked about the fact that the sector had to deal with three serious problems: the already rising feed prices, the pandemic and bird flu. Although we constantly defended ourselves against them, they still live with us today, and what's more, the situation has worsened with the energy crisis. The latter produces price increases of 6-8-10 times, which is unmanageable. And then we haven't even mentioned the drought of the century, which left us with brutal feed prices. It is also obvious that not all additional costs can be passed on to consumers, since due to the cost crisis the price of chicken has already risen by 40-45 percent, that of duck has doubled and the price of goose has almost doubled. On the one hand, there are the brutal production costs, while on the other ...
Source: Magro
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