The retail price of Hungarian pork is set to rise by at least 10% in September, as processors say they can no longer absorb increasing costs of production and must end the self-imposed price freeze, revealed Ferenc Janko, president of the Hungarian Meat Product Council.
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Pork is the most popular meat in Hungary, and the price of the commodity is important because it affects the economy’s inflation.
At a news conference, Laszlo Zadori, secretary of the Hungarian Animals for Slaughter Council, said: “Producer prices have continued to rise throughout the summer and now the meat industry can no longer absorb these costs. We must lift the price freeze we imposed in June.”
