Latest news

By: Trademagazin editor Date: 2017. 08. 30. 23:30

Cooperation at a European level

The European representatives of the grape and wine sector disapprove of the European Commission’s study on the new wine labelling regulation. Lobby organisations CEEV, Copa-Cogeca, CEVI and EFOW have sent a letter to the European Parliament working group concerned. The National Council of Wine Communities (HNT) is also part of the cooperation that aims providing consumers with wine information online, instead of putting more info on product labels.

This year’s grape price forecast is ready

The National Council of Wine Communities (HNT) has prepared its grape price forecast for the 2017 grape harvest. Estimation is that 4.1 million deciton of grapes will be harvested, from which 2.9 million hectolitres of wine will be made. This year’s calculations concern 13 grape varieties and give net average prices.

Improving results in the sector

According to data from Opten, last year the number of winemaking companies reduced in Hungary, but already 60 percent of existing ones was profitable. Total sales in the sector amounted to HUF 101 billion in 2016. On average the annual revenue of winemaking businesses grew from HUF 130.6 million to 140.3 million. //

Related news