Hungarian Farm gate prices increase 10%

HUNGARY - Farm gate prices in Hungary rose 9.9% year-on-year in January-October, 2006, with crop prices increasing 16.5% and livestock and animal product prices increasing 3.9%, the Central Statistics Office (KSH) reported on Wednesday.

In October alone, farm gate prices rose 12.4% year-on-year, with crop prices rising 17.6% and livestock and animal product prices up 7.9%. In 2005, farm gate prices rose 0.7%, with crop prices falling 0.6% and livestock and animal product prices increasing 1.8%.

Average farm gate prices of cereals rose 32.3% year-on-year in October 2006 and were up 20.8% year-on-year in January-October, 2006, albeit from a low base. Prices of vegetables in October increased 2.6% year-on-year and were up 15.7% year-on-year in January-October. Fruit prices were 21.8% higher in October than a year earlier and rose 16.1% in January-October from the same period of 2005.

Source: BBJ

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