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Fruit Prices In Hungary To Rise Even Further

• 6 Jul 2020 7:12 AM
• Budapest Business Journal

The price of fruit is expected to rise even more in Hungary than at present, says penzcentrum.hu.

Poor fruit production is expected this year, making this the third such year, said the professional director of the Hungarian Fruit and Vegetable Interprofessional Organization and Product Council (FruitVeB) István Hunyadi.

According to Hunyadi only a quarter of the yield of an average year is expected from apricots, but there will also be fewer peaches, apples, and cherries. Poor yields are due to spring frost, drought, early summer rains and mild winters.

The National Chamber of Agriculture (NAK) has previously estimated that 500,000 tons of fruit would be expected this year, compared to the otherwise average of 800,000-900,000 tonnes per year. Traders have therefore forecast a 30%-40% rise in prices, penzcentrum.hu notes.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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