Hungary Heat Wave Could Cost Farmers Billions

9 July 2012, at 10:43am

HUNGARY - Unseasonably hot weather in the past weeks could reduce the output of Hungary's farm sector by several hundred billion forints this year.

Grain yields can drop as much as 20-30 per cent if temperatures are over 32 degrees Celsius for a prolonged period, National Grain Producers Association head József Vancsura told Világgazdaság.

The lower yields could push prices up 10-15 per cent over last year, he added.

The heat wave is also taking a toll on livestock farmers, costing poultry farmers alone about HUF one billion a week.

Poultry Products Council chairman Attila Csorbai said prices could climb by 10-15 per cent because of the heat.