The estimates for the low grape harvest and the grape price forecasts awaiting the approval of the wine regions justify significantly higher grape prices than last year during this year's harvest, which will soon begin - the Ministry of Agriculture (AM) announced in its announcement.
The Ministry of Agriculture welcomes the fact that the National Council of Mountain Communities (HNT) prepared its grape price forecast for this year, they write. The forecast, which is prepared by using various data and indicators in a predetermined manner, based on a fixed formula, is used to predict the expected average prices for the time of the harvest. Now it is the turn of the individual wine regions to make a final decision on the prognosis valid in their area and to publish it. The decisions of the wine regions regarding this matter are of great importance, because the forecast of the grape price is a good alignment point for the grape producers and buyers when forming an agreement on the price.
Since an exceptionally good grape harvest is not expected in Europe this year, the Ministry of Agriculture also shares the professional opinions that there will be demand for Hungarian grapes and Hungarian wine.
The completed grape price forecast clearly reflects the effect of the wine stock, which is considered to be extremely low even in a multi-year comparison, and the expected low grape harvest volume of 3.7 million grapes. Realistically, producer prices should exceed last year's by 10-20 percent on average, but of course, depending on the wine regions and grape varieties, as well as the quality of the grapes, serious differences can arise.
Source: Hungarian Nation
Cover image: No exceptionally good harvest is expected in Europe this year (Photo: MTI/Péter Komka)
