Significant wine price increase may come next year
Due to the shortage of wine and grape prices rise increases most of the wineries will increase their prices from 1 January. According to the analysis of Varga Winery a 15-20 percent price increase is expected.
The analysis points out that at the low-lying areas the winter and spring frosts destroyed half of the crop. The yield loss in the country can be around 50-60 percent.
This year, 2 to 1.5 million hectoliters of wine production is expected instead of the usual 3 to 3.5 million hectoliters. The sector’s loss will be around 60 billion HUF. (MTI)
Related news
Related news
OKSZ: Margin stop sweeps inflation under the transparent carpet
According to three-quarters of the population, food prices are rising…
Read more >The melon season is in full swing, the campaign has started
This year, a national campaign aimed at promoting one of…
Read more >K&H Analyst Commentary: Hungarian economy shows faint signs of life
In the second quarter, GDP grew by 0.2 percent year-on-year…
Read more >