Hungarian vegetables will be an expensive pastime this year

Published May 6, 2022

Tridge summary

The article provides an overview of the current situation with the production and pricing of various agricultural products in Hungary, with a focus on early peppers and other horticultural goods like cucumbers, tomatoes, carrots, parsley root, and asparagus. It highlights that while consumer prices for early peppers have remained stable since 2004-2005, producer prices are significantly higher than last year, with paprika experiencing an 18% increase. This is attributed to increased costs in horticulture and the absence of Turkish vegetables in the European market due to the Russian-Ukrainian conflict. Despite potential concerns about inflation and market dynamics, including a decrease in open-field cultivation and an increase in professional sprouting farms, the author assures that there is no forecast of shortages but possibly higher prices, especially if European production declines further.

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

Original content

In the case of early peppers grown in foil tents, despite the development of consumer prices, the producer price of HUF 1,000-1,200 starting in February is not exceptionally high, as the entry price of primary goods remained at the same level in 2004–2005. According to the Market Price Information System of the Institute of Agricultural Economics, by the first week of May the producer price of paprika fell to HUF 800 per kilogram on the Budapest Wholesale Market, but it is still almost 18 percent higher than in the same period of 2021, the Index writes. In the case of early peppers grown in foil tents, despite the development of consumer prices, the producer price of HUF 1,000-1,200 starting in February is not exceptionally high, as the entry price of primary goods remained at the same level in 2004–2005. According to the Market Price Information System of the Institute of Agricultural Economics, the producer price of peppers on the Budapest Wholesale Market fell to HUF 800 per ...

Source: Agrarszektor