25% increase in meat prices on the horizon in Hungarian stores

If the war drags on, meat and dairy production prices are also expected to rise by 30-40%, Zoltán Varga, senior analyst at Equilor Investment, told the news site. Hint.

The Russian-Ukrainian war and the lifting of the food price cap introduced in January could lead to significant price increases, analysts predict. The war leads to higher energy prices, shortages of fertilizers and a significant drop in grain production, so if the war is prolonged, production prices for meat and dairy products are expected to increase by 30 to 40 %.

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In the case of a 40% increase in raw material costs, a 25% increase in consumer prices for meat products is very likely, Zoltán Varga said.

According to the analyst, in the pig sector, the realistic price for pork should be around 3 to 4,000 forints per kilogram (8.16 to 10.88 euros) by the end of spring, while in the sector poultry, chicken prices of 2-3,000 forints (5.44-8.16 euros) would be needed to maintain the viability of producers and avoid unbearable losses.

Photo illustrated by Zoltán Máthé/MTI

Laura T. Thrasher