Wine prices differ according to designation
Image by Pixabay
The domestic sales prices of wines belonging to different protection categories of origin have changed in various ways, according to data published by the NAIK Agricultural Research Institute, writes Világgazdaság (Global Economy).
Image by Pixabay
According to the research, the selling prices of domestically produced and sold wines without a geographical indication (FN) and with a protected geographical indication (PGI) increased by 9% in the first seven months of this year compared to the same period last year.
The processing sales price of PGI white wines increased by 3% to HUF 18,500 per hectolitre, while the processing price of FN wines per hectare decreased by 2.5% to HUF 19,900.
While the export price of PGI wines increased by 9% to HUF 26,600, exports of wines without a protected geographical indication, on the other hand, fell by almost 6% in the first seven months of 2020 compared to a year earlier.
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.