Beekeepers under pressure from Western reserves, Eastern prices
Falling prices and increasing competition from outside the European Union are worsening the position of Hungarian beekeepers, who trust that the EU will tighten the rules around the labeling of honey, writes Világgazdaság.
Calculated in euros, the purchase price of honey has fallen by 35-40% over the last 10 years, said Péter Bross, president of the Hungarian National Beekeeping Association (OMME).
"There is little interest in Hungarian honey among foreign buyers, so buying is practically suspended," Gyula Fazekas, president of the Hungarian Honey Traders and Honey Packers Association, told the economic daily.
Western European buyers have high unsold stocks, so many of them have indicated that they will no longer buy honey until next season. One of the main reasons for the current market situation for mixed honey is that Ukrainian goods arrive in the EU at a low price compared to Hungary, which makes it virtually impossible to sell Hungarian mixed honey on the foreign market, Fazekas lamented to vg.hu.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
