MAGOSZ: cereals and industrial crops closed this year with a near-record harvest

Thanks to the abundant rain, cereals and industrial crops closed this year with a near-record harvest – the chairman of the Hungarian Farmers' Societies and Co-operatives Association (MAGOSZ), told at the organization's annual evaluation event on Friday in Tác.

Jakab István said that the corn harvest this year is more than 9 million tonnes. He added, when nearly 3 million tons of corn were destroyed in the summer of 2015 by the drought, the agriculture reduced the GDP by 0.2 percent. Based on the data of this year's first three quarters, the sector will contribute to the GDP, with a surplus of 0.6 percent which may exceed 0.8 percent by the end of this year. (MTI)