Should we sell the good Hungarian apples and buy the weaker imports?

Published 2024년 9월 13일

Tridge summary

The article highlights a significant decrease in this year's apple harvest, with estimates showing a 150,000-ton decrease compared to the previous year, resulting in a total harvest of 300,000 tons at best. The majority of the apples harvested are of industrial quality, leaving only 90-100 thousand tons for high-quality consumption. Despite the domestic demand for 110,000 tons of edible apples annually, import pressure is expected due to the small domestic harvest. As a result, high-quality apples are likely to be exported at high prices, while lower-priced imports will be available for the domestic market. Additionally, producers are projected to see a price increase of 25-35 percent for table apples, which is expected to impact store prices.

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

Original content

This year's apple harvest is much smaller than last year's, and a significant part of it is also of industrial quality. Unfortunately, it can be expected that the higher quality goods migrate abroad at a good price, and domestic stores - for the sake of low prices - import goods. As we wrote recently, according to the estimates of the National Chamber of Agricultural Economy (NAK) and the Hungarian Vegetable and Fruit Association (FruitVeB), a weaker than average harvest is expected this year, and the amount harvested cannot fully cover the needs of the domestic food and processing industry. In the best case, the harvest will not be 350, or in the worst case scenario, 300,000 tons, which is 150,000 tons less than last year. The amount of food-grade apples may be around 90-100 thousand tons, industrial apples will be 220-240 thousand tons (while domestic apple processing capacities reach 400 thousand tons). In general, 110,000 tons of edible apples are consumed annually, which ...

Source: Agraragazat