Hungary: The price of horseradish rose by 4 percent and that of beets by 27 percent

Horseradish

Fresh Beetroot

Vegetables

Hungary

Market & Price Trends

Published Mar 6, 2024

Tridge summary

Recent data from KSH shows that Hungary's horseradish production has been between 8.8-11.1 thousand tons in recent years, with exports rising by 10% to 9.93 thousand tons in 2023, primarily to Germany and Poland. The domestic price of fresh horseradish also saw a 4% increase in 2023. However, the country has a negative foreign trade balance for beets, radishes, and similar roots, with imports rising by 10% to 8.66 thousand tons and exports by 16% to 1.19 thousand tons in 2023.

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

According to KSH data, 8.8-11.1 thousand tons of horseradish were produced in Hungary in recent years on 1100-1400 hectares, the average yield was between 6.7-8.9 thousand tons/hectare. According to KSH data, the quantity of horseradish exports increased by 10 percent to 9.93 thousand tons and the value by 8 percent to HUF 5.41 billion in 2023 compared to the previous year. More than 70 percent of exports were directed to Germany and Poland. The import is not significant on an annual basis, it was 106.7 tons in the examined period. (Photo: Pixabay) On the Budapest Wholesale Market in 2023, the domestic producer price of fresh horseradish was 4 percent higher (HUF 1,163/kilogram) than the year before, 2024 1–9. was available at a price of HUF 1,232/kilogram per week. The foreign trade balance of beets (with radishes and other similar roots) is negative. Imports (primarily from Germany, Italy and Austria) increased by 10 percent to 8.66 thousand tons, exports (mainly to Romania) ...

Source: Trademagazin