The Hungarian apple market has low harvest and high prices

Published 2024년 8월 18일

Tridge summary

Hungary is experiencing a surge in demand for apples due to a low harvest in Europe, with the country's expected harvest being the second lowest in the past decade at 330 thousand tons, according to the Hungarian Fruit and Vegetable Association. The domestic market is struggling to meet demand, particularly for fresh apples, and prices are expected to rise by 10-15% for fresh apples and 25-35% for producer prices. The situation is even more critical for industrial apples, with potential price increases exceeding 80 forints per kilogram. Demand from countries like Poland, Austria, and the Czech Republic could further drive prices up, and there is concern that a significant amount of apples may be exported, leading to a domestic supply shortage.

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

Original content

Due to the low harvest in Europe, there is a growing demand for Hungarian apples, which allows us to predict a rise in prices, EastFruit reports. According to forecasts from the Hungarian Fruit and Vegetable Association (FruitVeB), this year's apple harvest will be significantly lower than last year's 472 thousand tons. The association estimates the harvest at 330 thousand tons, which is the second weakest result in the last ten years. It is becoming increasingly difficult to meet the country's domestic needs: apple production for the fresh market is slightly decreasing, but the volume of industrial apples is falling more significantly. The expected apple harvest for the fresh market is about 90 thousand-100 thousand tons, which will not be enough to meet domestic demand of 110 thousand tons. In the case of industrial apples, according to Trademagazin, the situation is even more critical: the expected harvest of 230 thousand - 240 thousand tons does not cover all the capacities of ...

Source: Eastfruit