Meat and milk prices are most dependent on the exchange rate. At the global auction of these products, a demand market has formed due to supply problems, which means that prices will continue to rise.
The forint exchange rate, which fell to a historic low at the beginning of the year, and its impact on the population, undoubtedly makes a significant contribution, since it significantly contributed to the deterioration of the value of money due to higher food prices.
The Hungarian mangalitsa was bred in Hungary in 1833 by crossing domestic Hungarian and wild pigs.
The number of pigs grew by 50% in one year as a result of growing demand in the global market after the advent of African swine fever in China. Europe alone exported 80% more pork to China each year.
This led to higher prices for pigs on the continent, and Hungarian slaughterhouses for some time regarded German prices as the main purchase price, which is gaining momentum due to weak forint, said Tamas Eder, president of the Meat Alliance.
Consumer prices rose by 22% (short loin) and 34% (pork leg, respectively). However, since many domestic processors work on imported meat - Hungary processes twice as much meat as cattle - the increase in cost, including a salary increase of more than 10%, is also reflected in rising energy prices and consumer prices. European commodity prices are expected to rise further.
The price of milk and dairy products was also impressive last year: the average price of raw milk increased by 9% and its export price increased by 8%, said Zoltan Harz, managing director of the Inter-Agency Organization for Milk Production and the Food Council.
- The Hungarian National Mangalica Breeders Association exports 70% of the meat produced.
- Earlier we wrote about the Hungarian brazier
- The National Food Chain Safety Authority (Nebich) said this Monday that 53.5 thousand turkeys would be killed due to bird flu in the town of Akse in northern Hungary on the border with Slovakia.
