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Drastic increase expected in the price of Hungarian poultry
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Presumably, the 20-25% cost increase in the livestock and animal products market will result in a 10-12% growth in consumer prices.
As the Hungarian news portal Magyar Mezőgazdaság reports, both the pandemic and the bird flu impacted the poultry sector last year. However, the chicken population has grown despite the troubles. This can be explained by the fact that chicken and eggs are consumed on a daily basis by Hungarian families. These products will be of key importance both in Europe and globally.
According to the agricultural expert, ensuring the feed needs of domestic animal husbandry and animal products is a matter of national security. Therefore more attention should be paid to physical stocks in the future. For the time being, the only solution for producers to survive is to incorporate these cost increases into the price of their products, for which retail chains and consumers must be prepared.