Hungary: According to analysts, the producer price of apples jumps a lot

Published 2024년 8월 22일

Tridge summary

Hungary's apple harvest this year is projected to be significantly lower than the previous year, with an estimated yield of 330,000 tons compared to 472,000 tons last year, marking the second weakest crop in ten years. The decrease in production is due to the strain from last year's large harvest, unfavorable weather conditions, and a reduced number of edible apples. While the amount of table apples may be slightly less, the supply of apple juice, which makes up two-thirds of the harvest, will be much smaller. This is expected to increase acceptance prices. There is also an international shortage of apples, with prices in Poland expected to rise by 15-20% due to spring frosts and reduced harvests of certain varieties. Despite these challenges, Hungarian apples are still in demand in countries like Poland, Austria, and the Czech Republic, which could lead to higher prices for Hungarian table apples this season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year's apple harvest in Hungary is expected to be significantly lower than usual, around 330,000 tons after last year's 472,000 tons. This would be the second weakest crop of the last ten years (2022: 280 thousand tons). According to industry analysts, this year's smaller harvest can be attributed to several factors. On the one hand, last year's large amount put a strain on the trees, which affected this year's flowering and yields. On the other hand, the weather was much more unfavorable: cold, drought, heat shock and hail hit the plantations. Despite the adversities, the amount of edible apples is only slightly below last year's level, 90,000 to 100,000 tons may be on the market. On the other hand, the supply of apple juice, which accounts for two-thirds of the harvest, will be much smaller than last year. Hungary's processing capacity is approximately 400,000 tons, of which only 60% can be utilized with domestic production. In principle, the shortage should also be ...
Source: MezoHir

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