Farm Ministry Official Calls for Increasing Soy Production

Crops

Image by Shutterstock.com

State Secretary of the Ministry of Agriculture Sándor Farkas called for increasing Hungary's soybean production at an event of the Soybean Roadshow of agribusiness "Margitta-Sziget '92" and the Hungarian Soybean and Protein Crop Association on Tuesday, according to a report by state news wire MTI.

In recent years, Hungarian soybean producers typically harvested 160,000-180,000 tonnes of produce from 60,000-70,000 hectares, the Ministry of Agriculture said. 

Thanks to area-based subsidies earmarked for protein crops, the sowing area of soybeans in Hungary rose to 77,000 hectares in 2015 from the earlier 40,000 hectares, but it fell to just 58,000 hectares this year, the state secretary said.

It would be very important to increase production as domestic soybean cultivation only covers 15-20% of the country's demand, Farkas said.

More Companies Take Action Against Corruption Analysis

More Companies Take Action Against Corruption

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.