Hungary dairy industry expands 6-8pc in 2011

Mr Lukacs said the estimate was based on market trends as firm data for 2011 is not yet available. Net revenue of the sector reached HUF 210bn in 2010, according to data from the Central Statistics Office (KSH). Farm gate prices for milk rose to about HUF 89 per litre in October from a low of HUF 55-60 in 2009, he said. The yr/yr decline in sales volume of milk slowed to 2.4pc in October from 8pc in August-September, he added. In the 2010/11 quota year, farmers sold about HUF 1.34bn litres of milk, data from the Agriculture Research Institute (AKI) show, less than the 2bn litres Hungarian quota.

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