Christmas Tree Prices Set to Climb Almost 10%

Retail

Photo by Zichrini/Shutterstock.com

Christmas tree prices in Hungary could rise close to 10pc this season, the Hungarian Ornamental Horticulturist Association told state news wire MTI.

Higher transport costs and exchange rate changes are driving the price rise, although domestic production meets three-fourths of demand at present, the association said.

Christmas trees are grown on 3,000-3,500 hectares in Hungary, providing livelihoods for 600-700 families.

Between 1.8 million and 2 million Christmas trees are sold in Hungary in the run-up to the holidays. Nordmann firs and blue spruce are the most popular types of trees.

ADVERTISEMENT

Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.