Hungary

Hungary expects increased prices for pig meat

Pork

Rising costs are forcing producers to upgrade pork prices this year.

Posted on Jan 10 ,10:18

Hungary expects increased prices for pig meat

Pork prices in the Hungarian market are expected to increase this year, as producers are facing rising costs with feed, energy and labour. According to Tamas Eder, president of the Hungarian Meat Industry Association, prices are going to rise in 2022, although, for now, nobody can tell how much. The pig meat sector has experienced the impact of two viruses in recent years: COVID-19 and the African swine fever virus, Eder said in a radio show.
He added that in the first quarter of 2021, demand surged by 25% in the international market for live pigs, after which there was a steady decline in prices until the end of the year.
However, feed, energy prices and wages have been rising steadily in the meantime.
Eder did not give details of exactly how much he expects the price to rise, telling the radio programme that the price of live pig production as a whole depends 65-70% on the cost of feed, which has increased by 25-30% during 2021.

 

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