Hungarian cattle exports to Turkey decline

Hungarian cattle exports to Turkey, a big market for local livestock farmers, are down almost one-quarter, but demand in Russia and the CIS is up, daily said. 

Turkey’s weak economy and the depreciation of the lira have made Hungarian cattle too dear for Turkish importers, Istvan Marton, the head of the Hungarian Association of Hereford, Angus and Galloway Farmers, told the paper. Czech, Slovak and Romanian farmers can offer their cattle at more competitive prices, he added. Exports of live cattle to Russia were up 14pc year-on-year in January-August, Magyar Idok said, citing data from the Central Statistics Office (KSH).