Price Of Pork Skyrockets In Hungary

  • 4 Feb 2020 11:36 AM
  • Budapest Business Journal
Price Of Pork Skyrockets In Hungary
The price of pork has increased significantly in recent months and, according to the supermarket chains speaking to Magyar Nemzet, the effect of the increase in prices is already visible on demand.

Attila Fodor, CBA’s director of communications, said suppliers had raised pork meat prices by an average of 25-30 % over the past year.

Although shoppers typically experience a slightly more modest price increase in the store’s meat counters, demand has fallen. He added that in many places, the chain’s stores are selling 20% less pork.

Márk Maczelka, communications manager for Spar Hungary, reported similar trends. Aldi’s press department also reported rising prices, but the discount chain saw no year-on-year decline in sales.

According to Abigél Adorján, communications manager for Auchan Hungary, the demand for pork is determined by several components. Year by year, there is less cooking at home, so the proportion of home-cooked meat is also decreasing.

The rise in pork prices was not a domestic phenomenon, and that the outbreaks of African Swine Fever had caused prices to skyrocket throughout the European Union.

This is mainly due to the fact that hundreds of millions of pigs have been slaughtered in China due to the disease. Demand for Hungarian pork, and thus prices, is further boosted by the devastating disease in neighboring Romania; that country is forced to import more due to forced slaughter, Magyar Nemzet added.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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