Hungarian agriculture faces new difficulties due to war

Harvests

After the adjustment of the past two years, players in the agricultural and food economy are facing another shock effect from the Russian-Ukrainian war, according to a summary by analysts from Takarékbank and MKB Bank, writes profitline .hu.

Further increases in input prices and difficulties in agricultural logistics are impacting the outlook for almost all product lines.

The value of the Takarék AgrárTrend index fell to 31.1 points in the first quarter of 2022, from 31.7 points in the previous quarter. This value is about the same as the bank’s agricultural market survey in the third quarter of 2020, during the second wave of the coronavirus epidemic.

The assessment of the situation in all product lines has deteriorated on a scale of 48 points compared to the period from October to December 2021, which is mainly due to the effects of the war since February, according to experts. banks.

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