It's crazy what's going on in the cherry market: That's how much one of the Hungarians' favorites costs now

Published Jun 30, 2022

Tridge summary

Despite extreme weather conditions, a cherry harvest shortage is not imminent, with an average yield of 10,000 tons expected in Hungary, factoring in damage in some counties from ice and reduced bee activity due to cold weather. Europe's leading cherry producers, including Italy, Spain, and Greece, have experienced challenges such as heat in Italy leading to lower prices, frost damage in Spain, and potential for improved harvests in France and Turkey, where modernization is expected to enhance crop quality and quantity. The EU remains a net importer of fresh cherries, with data showing fluctuations in imports and exports from various countries like Turkey and Chile. Hungary has seen a 62% increase in cherry exports in 2021, primarily to Slovakia and Lithuania, while cherry imports in the country decreased by 65%. Domestic cherry prices in Hungary have varied, with an 11% increase in producer price to HUF 1,142/kilogram in 2022, and consumer market prices showing some variation.

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

Original content

There is no doubt that the extreme weather conditions do not have a very good effect on cherries either, but we do not have to worry about a shortage just yet. The frosty and harsher springs of recent years had their effect, in the past two years 8,000 tons of cherries were harvested, even though in 2018 the harvest exceeded 12,000 tons. This year, according to the profession, an average harvest is expected, but there were counties, for example Nógrád, where the ice destroyed the harvest. The Hungarian producers were spared this year by the frosts, but the colder spring weather had its effect, this year an average total harvest of 10,000 tons is expected in the country. Most people can relax because there was no serious frost during flowering, but four or five days of cold weather resulted in lower bee activity. You may also be interested in this! They go crazy for this Hungarian fruit abroad: you don't need it at home, even though there are plenty of them. Hungarians hardly eat ...

Source: Agrarszektor