The price cap has opened a loophole: Hungarian potatoes may run out by winter

Published 2022년 11월 10일

Tridge summary

The Hungarian government has extended the food price cap to include eggs and potatoes, capping the gross retail price at the rate set on September 30, 2022, until the end of the year, excluding new and sweet potatoes. This decision comes amidst concerns about potential impacts on product quality and quality, as well as challenges such as quantity restrictions from retailers and rising costs of raw materials for producers. The National Potato Association and Product Council raises concerns about the effect of the price cap on product quality and the potential reduction in the growing area due to increasing production costs.

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

Original content

The government decided to expand the range of products subject to the food price cap by eggs and potatoes. Gergely Gulyás, the minister in charge of the Prime Minister's Office, told Kormányinfo about the measure that in the case of commercial activity in the store or parcel delivery, the gross retail price cannot be higher than the price applied on September 30, 2022. As with other products, the food price freeze for eggs and potatoes also lasts until the end of the year, but the price freeze - according to what has been published in the Hungarian Gazette - does not apply to new potatoes and sweet potatoes. Éva Kulich, the press representative of the National Potato Association and Product Council, informed the Index before the publication of the government decision that if the worst-case scenario prevails, i.e. all table potatoes, regardless of packaging and use, will enrich the range of products with a price cap, then the question arises as to whether the decision-makers will ...

Source: Index