According to AM, the significantly higher grape prices than last year are justified
The estimates for the low grape harvest and the grape price forecasts awaiting the approval of the wine regions justify significantly higher grape prices than last year during this year’s harvest, which will start shortly – the Ministry of Agriculture (AM) stated in its announcement on Monday.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2022/08/grapes-gd7ef581c9_1920-300x200.jpg)
A smaller amount of grapes is produced this year and the production costs have also increased, which is why the price increase is justified. (Photo: Pixabay)
The Ministry welcomes the fact that the National Council of Mountain Communities (HNT) prepared the grape price forecast for this year. The forecast, which is prepared by using various data and indicators in a predetermined manner, based on a fixed formula, is used to predict the expected average prices for the time of the harvest. Now it is the turn of the individual wine regions to make a final decision on the prognosis valid in their area and to publish it. The decisions of the wine regions in this regard are of great importance, because the forecast of the grape price is a good alignment point for the grape producers and the buyers when forming an agreement on the price, the announcement states.
The small amount of grapes and wine justifies the price increase
Since an exceptionally good grape harvest is not expected in Europe this year, the Ministry of Agriculture also shares the professional opinions that there will be demand for Hungarian grapes and Hungarian wine. The completed grape price forecast clearly reflects the impact of the wine stock, which is considered to be extremely low even in a multi-year comparison, and the expected low grape harvest volume of 3.7 million grapes. Producer prices should realistically exceed last year’s by 10-20 percent on average, but of course serious differences may arise depending on wine regions and grape varieties, as well as the quality of the grapes, the AM said.
MTI
Related news
AM: cultivating home gardens is a useful and value-creating activity
Home gardens are important in the production of quality food,…
Read more >AM: you can apply for the development of smaller processing plants from August 13
The Ministry of Agriculture announced the call for “Support for…
Read more >CSAOSZ conference: reducing food loss via sustainable packaging
The National Association of Packaging and Materials Handling (CSAOSZ) has…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >