The Hungarian canning industry is in double-fold

The Hungarian canning industry is still struggling with survival. While the demand is declining the production prices of the producers increased by about 20 percent.

 Although the Hungarian Ministry of Agriculture and the Hungarian Development Bank jointly launched the program, food industry bank guarantee program, 30 billion will not be enough to help out the complete industry.
The annual turnover of the canning industry is about 100 billion forints while the participants of the refrigeration industry have around 30-40 billion forints per year. Each industry produces 80-90 percent for export – reports Napi Gazdaság.