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Hungary no longer wants to ban Ukrainian honey

Honey
Published Mar 27, 2024

Tridge summary

In Hungary, the government initially banned the import of 24 Ukrainian agricultural products, including honey, to protect local farmers. This decision was reversed for honey on February 19 after 22,000 beekeepers protested, arguing that the ban did not aid local market prices as anticipated and adversely affected businesses dependent on Ukrainian honey for EU exports. Despite the reversal, Hungarian beekeepers face financial difficulties as honey prices remain below production costs. Ukrainian honey, which constitutes 25% of the EU's honey imports in the first eight months of 2023, plays a significant role in the market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Reuters writes about it. Last year, the Hungarian government imposed a ban on the import of 24 agricultural products from Ukraine, including grain, pork, and honey. On February 19, he canceled the ban on the import of honey, which caused protests by 22,000 beekeepers in the country. Agriculture Minister Istvan Nagy explained that the unilateral import ban did not have a positive impact on the local market, as wholesale purchase prices did not increase as much as local farmers had hoped, while it hurt companies that packaged and exported honey to the EU. According to him, honey exporters need Ukrainian honey, because otherwise they will not be able to fulfill contractual deliveries. The majority of honey imports ...
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