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Laredo Weekly Times
Laredo, Webb County, Texas
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Hungary anticipates bumper wine crop but faces export ruin due to political borders with Czechoslovakia and Serbia, and Austria's poverty, leading to surplus and crowded cellars including costly Tokay.
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By Associated Press.
Budapest, July 10—There is promise of a bumper wine crop in Hungary, as a result of satisfactory weather conditions. But frontiers on the Czechoslovakian and Serbian sides, and the low purchasing power of the Austrian crown make it highly improbable that much Hungarian wine, including the costly Tokay, highly esteemed by connoisseurs, will ever find its way out of the well-stocked cellars of Budapest.
The Hungarian wine industry is practically ruined by the new political conditions. Czechoslovakia and Serbia will not admit Hungarian wines, because they are wine-producing countries themselves. Austria cannot buy it. She is too poor, although she was formerly Hungary's chief customer. Hungarian wine producers have had a huge surplus on their hands for four years, and they see no way open to them except to continue filling their cellars. But even that is impossible, as the cellars are already crowded.
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Foreign News Details
Primary Location
Budapest
Event Date
July 10
Outcome
hungarian wine industry practically ruined; huge surplus on hands for four years; cellars crowded; improbable export of wines including tokay
Event Details
Promise of bumper wine crop in Hungary due to satisfactory weather. Frontiers on Czechoslovakian and Serbian sides and low purchasing power of Austrian crown make export highly improbable. Czechoslovakia and Serbia will not admit Hungarian wines as they produce wine themselves. Austria cannot buy due to poverty, though formerly chief customer. Producers see no way except filling cellars, but cellars already crowded.