Horseradish harvest in Germany for 2022: Raw material prices remain at all-time highs

Published 2022년 11월 10일

Tridge summary

The horseradish harvest has begun in October/November 2022 with price increases of about 35% due to high prices that have been ongoing for several years, drought in eastern Hungaria, high fertilizer prices, competition for cultivation space, a decrease in growers and harvest volumes, and high minimum wages for harvest workers in Bavaria. These factors have led to a steady decline in growers and harvest volumes, and high inflation rates that can no longer be absorbed by processors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

10.11.2022 | 17:01:00 | ID: 34575 | Department: Agriculture | plant Bonn (agrar-PR) - The horseradish harvest has begun and the processors are reporting that the price level for the root vegetable has been very high for years. With the start of the new horseradish harvest in October/November 2022, the prices for raw horseradish products will increase about 35%. This means that the price increases of the past few years have continued and the all-time high from last year has once again been clearly exceeded. The reasons for this lie in this year's drought in the main European growing region of eastern Hungary, as well as the shortage and extreme price increases for fertilizers. Furthermore, horseradish cultivation is increasingly in competition with cereals or sunflowers, since the planting of the individual seedlings, the maintenance during the year and the harvest are very labor-intensive and there is a lack of the corresponding workers. In this regard, a steady decline in growers ...
Source: Agrar

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