Hungary poultry, animal feed prices up

Ministry working to stabilize feed costs, promote local livestock slaughter

Poultry prices in Hungary rose 21.2% in April, on top of the 16.7% they rose in March, according to a recent report by the Central Statistical Office.

The continued increases can be accounted for by a rise in animal feed prices, said Minister of Agriculture Sándor Fazekas. Cereal grain prices have shown an 87.6% increase over 2010. Overall crop prices have increased by 59.1% compared to 2010, according to the report.

According to Fazekas, the ministry is working to stabilize the price of animal feed. A new statute is also in the works that would designate so-called slaughter areas so livestock killing can be done locally rather than farmers needing to sell their animals to butchers. This move is expected to cut costs while helping small- and medium-sized farms.