Hungary declares war on artificial meat and milk imitations

Published 2024년 6월 3일

Tridge summary

The Hungarian dairy sector has been severely impacted by multiple challenges, including the Covid epidemic, energy price hikes from the Russian-Ukrainian war, transport issues, drought, recession, inflation, and high interest rates. These factors have led to increased costs and higher consumer prices, resulting in a significant drop in consumption. Attila Koller, co-chairman of the Milk Product Council, stresses the need for investments in energy efficiency, automation, and packaging, along with EU and domestic support to help the sector survive. Additionally, high Environmental Protection Product (EPR) fees are cutting into profits, making it difficult for the industry to compete, leading to increased imports of dairy products. Koller also emphasizes the importance of vocational training and addressing labor shortages to improve the sector's competitiveness.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"Probably no one will be surprised if I say that the past few years have been quite difficult for the Hungarian dairy sector, including for milk processors. Crisis followed crisis, we went from one problematic period to another. These difficulties strongly consumed the reserves of milk processors and producers. Today, it is difficult to mobilize resources to solve a new stress factor," said Attila Koller, co-chairman of the Milk Product Council, CEO of Tolnatej Zrt., which produces the Tolle product line, referring to the Covid epidemic and then the energy price explosion caused by the Russian-Ukrainian war, transport difficulties, the record-breaking drought, and last year's recession, accompanied by inflation, the European champion in Hungary, a drop in real wages, and skyrocketing interest rates. In addition to the increase in energy prices, the already extremely energy-intensive sector was/is affected by the increase in the costs of packaging and transportation, as well as the ...
Source: Index

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