Food production should be based on Hungarian companies

The government is working to ensure that the backbone of Hungary’s food supply is made up of domestic companies, Péter Szijjártó, Minister of Foreign Affairs and Trade, noted Friday, noting the importance of domestic food supplies during the coronavirus pandemic.

Speaking at a ceremony to announce new investment by Hunent, a waterfowl processing company, Szijjártó said countries around the world were now building capacity to secure their own supplies, while “the old dogma of internationalization of supply chains has become obsolete”.

Referring to the challenges posed by a new era of the global economy, Szijjártó said players resolving difficulties through investments rather than layoffs would be truly successful, adding that the Hungarian economy had experienced “one of his best years ever” in 2021.

The new 6.5 billion forint (€18.1 million) project in Mélykút, southern Hungary, has received 2.2 billion forint of Hungarian state aid, and the company agreed to keep 500 jobs.

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90% of Hunent’s suppliers are Hungarian companies and 70% of its products are sold abroad, Szijjártó said. Output in the food sector employing 145,000 Hungarians was valued at more than 4 trillion forints last year, up 16 percent from 2020, he added.

image selected via Péter Szijjártó’s Facebook page