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Wine growers association forecasts production growth

Crops

Vintners in Hungary expect to produce 2.78 million hectoliters of wine this year, an increase from last year’s 2.55 million hectoliters, Hungarian economic daily Napi Gazdaság reported on Saturday, citing data from wine growers association HNT.

The daily also noted that agricultural producer prices are still expected to rise as last yearʼs poor harvest and a decline in imports has reduced inventories. Agricultural producer prices have been declining in year-on-year terms, down by 8.1% in May and by 6.2% in June, according to data by the Central Statistical Office (KSH).

Tamás Tornai, the chairman of vintners association HNT, said earlier that grape harvest in Hungary was expected to stagnate and would likely reach an “average size”.

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