Sales of cereals increased the most
Among the 24 commodity groups of agricultural and food industry products, the export value of 14 increased and 10 commodity groups decreased in the first half of 2024 compared to the base period. The sales revenue of cereals (KN10) increased by the highest value (+198.7 million euros), as the price of corn and wheat, among the most valuable products of the commodity group, was 20-30 percent higher than a year earlier. The sales revenue of vegetable and fruit preparations (KN20) increased by EUR 69 million, the beverage, spirit, vinegar (KN22) product group by EUR 66.6 million, and that of various edible preparations (KN21) by EUR 63.5 million in the examined period compared to the base.
The biggest drop in export value affected the animal and vegetable fat and oil (KN15) product group (-105 million euros), primarily through a 20 percent drop in the price of sunflower seed oil. The export value of meat products (KN02) was EUR 27 million less compared to the base, as the export of poultry meat decreased by 13.3 percent.
On the import side, the value of tobacco products (KN24) increased the most (+103.3 million euros)
The increase in the import value of cocoa products (KN18) by 30.3 million euros resulted from the expansion of imports of the product groups belonging to this category. The import value of vegetable and fruit products (KN20) increased by 24.9 million euros. Compared to the base period, the value of imports of coffee, tea and spices increased by a fifth (+19 million euros), and that of confectionery products by 4.4 percent (+14.7 million euros). The decrease in import value occurred mainly in the case of cereals (KN10) and oilseeds (KN12) to the extent of 65.7 and 40.1 percent (-245.4 million and -123.6 million euros, respectively).
AKI PÁIR
Related news
Low sour cherry harvest expected across Europe this year
Experts are predicting significant crop losses in sour cherry producing…
Read more >Sunflower seeds become more expensive
In its June projection, Oil World expects a global sunflower…
Read more >The importance of wood industry by-products in biomass use has increased significantly
Based on the data received, in 2024, the total domestic…
Read more >Related news
Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the…
Read more >Leadership change at Fornetti: Nándor Szabó is the new Managing Director
Nándor Szabó will take on the role of CEO of…
Read more >Change in Zwack management: Csaba Belovai is the new CEO of Zwack Unicum Plc.
According to the decision of the owners of Zwack Unicum…
Read more >