Hungarian wine selling well on the international market

In the first seven months of this year, Hungary imported almost a third more wine than a year earlier. However, almost 20 times more domestic wine was sold abroad than imported wine, Világgazdaság reports. The selling price of Hungarian wines exported without a geographical indication and with a protected geographical indication rose by almost 5% to around HUF 30,000 (1 EUR = 393.8 HUF) per hectoliter in the first seven months of 2024 compared to a year earlier. However, only below-average increases in the selling price of high quality wines could be accepted by buyers, and the price of red wines, that have suffered from a fall in consumption, was even lower than a year before. Compared to the average price in the first seven months of the previous year, the export price of the famous Tokaj white wines fell by around 1% to HUF 83,000 per hectoliter. The selling price of red and rosé wines from Eger, also having a protected geographical indication, rose by 5%. According to the ...