It's crazy what's going on in Hungary: people are rushing for this meat

Published 2024년 12월 17일

Tridge summary

Hungary's Ministry of Agriculture has supported fish farmers and sellers by reducing the VAT rate on fish from 27% to 5% and providing additional funds for fish production pond maintenance, due to the importance of fish consumption around Christmas, with 40% of annual domestic consumption happening during this time. Despite these efforts, Hungarian fish consumption and production have seen a decline in recent years, with the annual consumption per capita still being lower than the European Union average. However, there will be a sufficient supply of high-quality Hungarian fish for the Christmas season, with carp, catfish, and roach accounting for 80% of domestic production. The demand is met both by domestic demand and the catering industry, with catfish, trout, pike perch, and carp being the most popular freshwater fish in the HoReCa sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Márton Nobilis, State Secretary of the Ministry of Agriculture, recently said that this period is particularly important for fish farmers and sellers, as 40% of all domestic fish consumption occurs around Christmas. He also highlighted that Hungarian fish consumption is increasing. The Ministry of Agriculture has taken significant steps to support those affected, as it has reduced the VAT rate on fish from 27% to 5% and provided additional resources for the maintenance of fish production ponds. Fish consumption has indeed increased in recent years, but according to recent data from AKI and MA-HAL, the numbers fell back last year: As the diagram shows, consumption has been continuously above 6 kilos since 2015, but in 2023 it was only 5.80 kg. In addition, production has also declined: in 2020, annual production was over 24 thousand tons, in 2021 it was 22,738 tons, in 2022 it was 23,249 tons, while in 2023 it was 22,450 tons. Hungarian fish consumption therefore shows a slowly ...

Source: Agronaplo