The conclusion of tobacco-growing contracts at ULT started at the end of February
At the end of February, the Universal Leaf Tobacco (ULT) Magyarország Kft. Started this year’s tobacco cultivation contracts, said the agronomic director of the US -owned company on integration and acquisition of cultivation with MTI.

(Photo: Pixabay)
Tibor Fekete said that the special purchase system used by the company will provide basic acquisition prices and the purchase price guarantee this season for producers. The expert explained that the company has raised its acquisition prices to the extent in recent years that no “high space” this season is no longer.
According to reports, from 2019 to 2024, the purchase price of Virginia increased nearly three times, while Burley’s price increased to two and a half times
Tibor Fekete noted that farmers are ahead of a difficult year due to drastic rise in the price of agricultural inputs needed for cultivation and a change of legislation on seasonal employment. A possible reduction in central subsidies can cause a significant loss of revenue for producers, which will not be compensated by the market, and in order to maintain a handicraft-intensive sector, the decisions should be considered by the expert, according to the expert.
The Director of ULT emphasized that Hungarian tobacco took its place in the international market
The company has reached the purchase price of the best European and Spanish tobacco for the purchase of Virginia, announced for 2025. The company wants to maintain its operation in Hungary in the long run, the goal is to have a long -term market future for Hungarian tobacco integrated into the European brand, the expert said. Tibor Fekete said last season, in 2024 he bought 2443 tons of tobacco in Hungary, of which 2072 tons of Virginia and 371 tons were Burley. He added that last year’s quality was acceptable to the former breed, but for Burley, despite the decayed yield of last year, UL had bought the best quality of the last ten years. According to publicly available company data, the company achieved net sales in 2022 4 billion 173 million, and between April 2023 and April 2024, HUF 3 billion 367 million. Its tax profit was HUF 123.6 million and HUF 115.4 million in the two periods.
MTI
Related news
Four plant protection products have received emergency authorization to control locusts
In Hungary, due to the extremely hot and dry summer…
Read more >Agrometeorology: Drought eased nationwide, ended in large areas
Due to the precipitation that fell in the first half…
Read more >NAV: selling self-produced fruit may be tax-free up to an annual income of six hundred thousand forints
The sale of self-produced vegetables and fruit may be tax-free…
Read more >Related news
This is how Hungarians eat lunch – we are still a meat-eating nation
A recent domestic study revealed how Hungarian food culture has…
Read more >NKFH: database launched on smaller packaging
Consumers can find out about products whose packaging has been…
Read more >Temu attacks: the online discount giant would also break into the European food market
After cheap electronics and clothing, the Chinese online marketplace Temu…
Read more >