Christmas fish is getting a lot more expensive in Hungary, but there won't be a shortage of it

Published 2022년 12월 20일

Tridge summary

Hungary is experiencing a significant increase in the cost of Christmas fish, with prices rising by 50-60 percent compared to last year, due to higher costs in feed, energy, transport, labor, and the depreciation of the forint. Despite these challenges, the country's fish farms are expected to meet the demand for the holiday season, which sees a drop in production by 30-40 percent due to water shortages and bird invasions. The Hungarian Aquaculture and Fisheries Association (MA-HAL) has urged its members to prioritize domestic supply over exports. The high prices, however, do not leave a comfortable profit margin, with the industry operating with a margin of 3-4 percent in the past five years. MA-HAL emphasizes the importance of fish consumption for health reasons and is advocating for the renovation of fish ponds and canal systems to mitigate the effects of drought.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

You have to pay roughly 50-60 percent more for Christmas fish than a year before, but the supply is ensured despite a significant drop in production. Like the entire Hungarian agriculture, the fish farms also suffered from the lack of water, perhaps even more than other sectors. The damage caused by the lack of water, the warming and lack of oxygen in the shallow waters was further compounded by the fact that the fish-eating birds from the areas where the water had partially or completely disappeared moved to the lake farms and wreaked havoc on the remaining waters. Ferenc Lévai, the spokesperson of the Hungarian Aquaculture and Fisheries Association (MA-HAL) and the CEO of Aranyponty Zrt., told Világgazdaság that due to the accumulated disadvantageous fish situation, this year's fish production will be 30-40 percent lower than the usual 15,000 tons during peacetime. . Roughly a third of this is divided between export, domestic consumption and the supply of fishing ponds. MA-HAL ...
Source: Magro

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