Basic Foodstuffs Become Cheaper, Meat & Egg Prices Fall in Hungary

  • 25 Jun 2024 11:39 AM
  • Hungary Today
Basic Foodstuffs Become Cheaper, Meat & Egg Prices Fall in Hungary
Fresh chicken prices have fallen by at least 5-10 percent, while processed turkey prices have fallen at an even faster rate of up to 20 percent, writes Világgazdaság.

In the period to mid-June this year, cage eggs were 19.3 percent cheaper, while deep litter eggs cost 16.9 percent less.

The early June figures show a fall in egg prices and producer prices for pigs for slaughter and chickens for slaughter compared with the same period in 2023, according to the latest summaries of the Institute of Agricultural Economics.

Based on the data, cage eggs became 19.3 percent cheaper and deep litter eggs 16.9 percent cheaper year-on-year in the period to mid-June this year, with average prices of HUF 51.83 (EUR 0.13) and HUF 59.8 (EUR 0.13) per piece, respectively.

The producer price of chickens for slaughter fell by almost 18 percent to HUF 411 (EUR 1.04) per kilogram by the beginning of June.

The majority of fresh chicken prices were down at least 5-10 percent compared to the beginning of June 2023. Processor selling prices for turkeys for slaughter and fresh turkey meat fell even more sharply, by over 20 percent.

Processor selling prices for turkeys for slaughter fell to an average of HUF 586.6 (EUR 1.48) per kilogram in June.

Domestically produced pigs for slaughter were almost 7 percent cheaper at the beginning of the month than a year ago, with a producer price of HUF 851 (EUR 2.15).

In addition, processor selling prices for most raw pork also fell, although less than for chicken.

Retail purchase prices for pork also fell for most of the year, according to the year-on-year comparison.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Today

Appearing online long after XpatLoop.com this ‘government related’ source states its aim as "to provide a complete, unbiased picture of Hungary”. It continues by acknowledging this “does not necessarily mean that our writers do not have their own opinions, sometimes reflected to a degree in the articles they publish” - and so it's really worth readers here keeping that in mind. Another stated aim is to become ‘the leading English-language news portal of Hungary’, a position held for well over 20 years by good old independent XpatLoop! Still our team has no issue with positively highlighting one or two useful articles published by Hungary Today - with their permission - for your interest.

Explore More Reports