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Hungary: Price rises and export market disruptions in the 2022 seed market

Áremelkedés és exportpiaci zavarok a 2022-es vetőmagpiacon
This news article has been translated to English.
General Seeds
Hungary
Price Trend
Supply Yield / Stock Quantity
May 20, 2022
From Magro
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Experts from the Inter-Trade Organization and Product Council of the Seed Association are expecting price increases and export market disturbances this season. Rising input and energy prices, inflationary effects and external market uncertainties are already having an impact on the sector. After the market analysis, the Seed Association Award was presented at the delegates' meeting of the organization, which in recognition of the work of dr. Mihály Czinkóczky received.
Experts from the Inter-Trade Organization and Product Council of the Seed Association are expecting price increases and export market disturbances this season. Rising input and energy prices, inflationary effects and external market uncertainties are already having an impact on the sector. After the market analysis, the Seed Association Award was presented to the delegates' meeting of the organization, which was awarded to dr. Mihály Czinkóczky received. "Seed is the basis of the food economy, so it is very important that the Hungarian sector, which produces 1,300 varieties of seeds, remains competitive in a future full of risks," said Géza Takács. The president of the Interbranch Organization and Product Council of the Seed Association also spoke at the organization’s delegate meeting that the sector is facing even more serious difficulties after the coronavirus pandemic. According to the Seed Association, the value of seed exports has fallen over the past three years, and the ...
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