Hungary: Development of the citrus fruit market in January 2023

Published 2023년 1월 19일

Tridge summary

Hungary's citrus fruit imports and prices have seen significant changes in the first half of 2022-2023, with a 3% increase in lemon imports, a 17% decrease in orange imports, and a 1% increase in mandarin imports, as reported. The United States Department of Agriculture (USDA) forecasts a 9% decrease in the EU lemon harvest and an 11% decrease in the EU orange crop for the 2022-2023 economic year, with varied impacts across member countries. Consequently, Hungary has experienced price surges for these fruits by 20-60% compared to the previous year.

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

Original content

Hungary's lemon imports increased by 3 percent to 13.3 thousand tons, orange imports decreased by 17 percent to 14.8 thousand tons, while mandarin imports increased by 1 percent to 4.22 thousand tons in the first ten months of 2022 compared to the same period of the previous year. Current domestic prices are 20-60 percent higher than last year. According to the forecast published by the United States Department of Agriculture (USDA) in December 2022, the EU lemon harvest may decrease by 9 percent to 1.56 million tons in 2022/2023. in the economic year (October-September) compared to the previous season. A 10 percent decrease is expected in Spain, which accounts for 65 percent of the EU's total lemon production, while an increase is expected in Italy (+7.2 percent) and Greece (+2 percent). According to data from the European Commission, the price of lemons in Spain rose to 1.24 euros/kg (+37 percent) in the period of the current economic year. According to KSH data, Hungary's lemon ...

Source: Magro