• • • Agriculture will be contributing to GDP growth again this year

• • • Agriculture will be contributing to GDP growth again this year

“Agriculture is expected to significantly contribute to the growth of the whole domestic economy again this year”, the Minister of State for Agriculture said in Balatonfüred at a conference organised by the National Chamber of Agriculture (NAK). Mr. Feldmann highlighted that the increase in agricultural performance is mainly being driven by the rapeseed, maize, apple and poultry sectors.

“GDP increased by 4.7 percent in the first three quarters of 2018, and according to data from the Central Statistical Office, the added value of agriculture also increased. This was mainly founded on a good year for arable crop production. The 988-thousand-ton yield for rapeseed exceeded the previous year’s level by 5.2 percent. 7.5 million tons of corn made its way to the country’s silos, a 10 percent increase on the previous year. This year’s apple crop could reach 900 thousand tons, approaching the 2014 record, while 80-85 thousand tons of sour cherry were harvested, which is also a marked improvement on the previous year. Of the other important crops, the wheat yield was also 5.2 million tons, the same as last year”, Zsolt Feldmann stressed.

The Ministry of Agriculture regards it as a success that in recent years it has succeeded in stabilising the state of animal husbandry. As a result, the volume of live poultry entering the country’s slaughterhouses increased by 13.2 percent during the first three quarters of 2018, primarily thanks to increased production of duck and goose meat. 1.4 percent more pigs were slaughtered and 11 percent more cattle.

Source: http://www.kormany.hu/en/ministry-of-agriculture/news/agriculture-will-be-contributing-to-gdp-growth-again-this-year

Leave a Reply