The 81st National Agricultural and Food Industry Exhibition and Fair has opened

By: Trademagazin Date: 2023. 10. 20. 15:48

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Hungarian agriculture can be the big winner of the 21st century, thanks to the development resources it can return to the forefront of Europe within a few years – said the Minister of Agriculture at the opening of the 81st National Agricultural and Food Exhibition and Fair (OMÉK) at the Hungexpo Congress and Exhibition Center in Budapest on Friday.

According to István Nagy, Hungary’s great potential is that it can produce at least twice its own needs from food, but because of this, it needs new sales opportunities and foreign markets. At the same time, the high-quality raw material must be processed domestically so that the profit from it does not go elsewhere, he added.

That is why the government decided to supplement EU rural development funds from the budget, tripling the subsidies to help producers – he emphasized. The state contribution creates a never-to-be-returned opportunity for them – he pointed out, indicating that thanks to this, by 2030, the productivity of Hungarian agriculture could increase by one and a half times, its added value by two times, and the value of its exports could increase by 50 percent.

Greeting the guests of honor at this year’s OMÉK, the Serbian delegation, the minister emphasized that there are great opportunities in cooperation with the neighboring country. The economic relationship between the two countries is also strengthened by the common historical heritage, the shared destiny of the two nations – said István Nagy.