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Price of bottled wine expected to rise 8%-12% in Hungary

The price of bottled Hungarian wine is expected to rise 8-12% at the beginning of 2011 because of a poor harvest in 2010, Péter Varga, managing director of Varga Cellars, told MTI on Monday.

Hungarian vintners are likely to put just 1.8 million - 2.1 million hectoliters of 2010 vintage into their cellars this year, well under the 3.5 million hectoliters in an average year, Varga said. Prices have already risen 15-20% for wine sold in plastic containers, he added.

Because of the poor harvest, Hungary will probably import more than 1 million hectoliters of wine next year.

About 900,000 hectoliters of wine are bottled in an average year in Hungary. This works out to 100 million – 120 million bottles. About 70% of the rest of the wine is sold in plastic containers.

A liter of wine in a plastic bottle can be had for as cheap as HUF 200. (MTI-Econews)