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Chicken Prices Falling In Hungary

• 30 Apr 2020 7:46 AM
• Budapest Business Journal

Significant oversupply and falling prices have developed in the European and Hungarian poultry markets, which the sectoral professional organizations, with the agreement of the Hungarian Product Council, would deal with by temporarily restricting imports from third countries, according to Világgazdaság.

Attila Csorbai, chairman and director of the Poultry Products Council (BTT), told the economic daily that in the EU Member States, the complete closure of the HoReCa (hotels, restaurants, cafés) sector is causing a 20-40% drop in the poultry meat market.

This means that there is overproduction everywhere, which has caused prices to fall, vg.hu adds.

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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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