Hungary: High apple prices driven by weak harvest

Published Aug 16, 2024

Tridge summary

Hungary is experiencing a significant increase in apple prices due to a weak European harvest and lower domestic production, with the country's apple harvest expected to be the second lowest in a decade. Adverse weather conditions have further reduced the quantity and quality of the apple crop, leading to a potential 10-15% increase in consumer apple prices. There is also a risk that a substantial portion of Hungary’s apple crop may be exported, potentially leading to local market shortages. Meanwhile, demand for Hungarian apples within the EU, particularly from Poland, Austria, and the Czechia, is high due to their own apple shortages.

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

Original content

Hungary is facing a significant increase in apple prices due to a weak European harvest and lower domestic production, reports Világgazdaság. This year’s apple harvest in Hungary is expected to be well below last year’s levels, with an anticipated 330,000 tons, down from 472,000 tons in 2022, marking the second weakest harvest in the last decade. As a result, consumer apple prices are expected to rise by 10-15 percent. Additionally, adverse weather conditions, such as droughts, cold spells and hailstorms, have further reduced both the quantity and quality of the apple crop. FruitVeB, the Hungarian Interprofessional Organization for Fruit and Vegetable, notes that these conditions have led to a situation where 10-20 thousand tons of apples might be diverted from the food segment to the industrial segment, causing a significant loss in the food market. The current state of apple farming in Hungary is challenging. The table apple crop is slightly below last year’s level, with around ...

Source: Hungarytoday