Market News
18 percent less fertilizer was sold in 2023
Fertilizer distributors sold 1.08 million tons of fertilizer directly to farmers in 2023. The volume sold was 18.8 percent less than a year earlier. The nitrogen-phosphorus-potassium (NPK) active ingredient content...
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Ho.Re.Ca. Coffee Market in Central Eastern Europe Despite the Crisis
The Ho.Re.Ca coffee market in the CEE countries, including Hungary, Czech Republic, Slovakia, Slovenia, Croatia, Serbia, and Bosnia, has demonstrated significant recovery since the aftermath of the Corona pandemic. In...
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Aldi plans big expansion through new store openings, conversions
Aldi has announced its most ambitious expansion plans to date as it continues to grow its U.S. footprint coast to coast. The discount grocer plans to add 800 stores nationwide by...
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As spring approaches, more and more domestic vegetables are available in stores
Domestic lettuce and spring onions are available on the market almost all year round, but larger quantities are available in early spring, when imported goods are replaced by domestic produce...
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Syngenta to Reduce Carbon Impact of Ocean Shipping with Maersk’s ECO Delivery
Syngenta finalizes agreement with Maersk for ocean transport using biofuel for a Europe-US shipping route. Syngenta Crop Protection, a leader in agricultural innovation, is to reduce its greenhouse gas (GHG)...
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EU commissioner for agriculture: leaving arable land fallow can be permanently voluntary
Permanently, at least until 2027, it can be voluntary to leave four percent of the arable land fallow – EU Agriculture Commissioner Janusz Wojciechowski announced on Friday in an interview...
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In five years, this company became the largest container manufacturing company in Hungary
The Hungarian-owned Continest Technologies Zrt. has become the largest container manufacturing company in Hungary in five years, the Székesfehérvár company announced on Thursday. For MTI’s interest, it was explained: the...
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In Catalonia, reusable intimate hygiene products are provided free of charge
In Catalonia, reusable intimate hygiene products are provided for free to women. Women should have a “free and informed choice” about how they want to manage their menstrual cycles. This...
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Márton Nobilis: ham, eggs and horseradish receive special attention during the spring seasonal inspection
During the spring seasonal food chain inspections, special attention is paid to products distributed in larger quantities during the Easter holiday, such as eggs, ham, horseradish, confectionery products or wines,...
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Innovation willingness isn’t frozen in the chilled dairy snack category
There is good news and bad news for the chilled dairy snack category (chilled milk bars and cottage cheese based desserts): there has been a double-digit decline in volume sales...
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E-commerce trends in 2024
The VÁM 2021 customs duty regulation has been the latest big change to affect domestic e-commerce trends. As a consequence of domestic economic policy, record inflation kicked down the door...
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In the OECD, food inflation slowed down in January
In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual growth of consumer prices slowed to an average of 5.7 percent in January from 6...
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Retail turnover increased in the euro area and the EU
Compared to the previous month, retail sales in the euro area and the European Union increased in January, but decreased year-on-year. The statistical office of the European Union, Eurostat, announced...
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In January, retail sales in Romania increased by 6.6 percent
Based on raw data, retail sales in Romania increased by 6.6 percent year-on-year in January, the National Institute of Statistics (INS) announced on Wednesday. The calendar-adjusted data show a 5.1...
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The National ESG Council was established
The National ESG Council has been established – announced the Ministry of National Economy. It is explained in the announcement: in recent years, there has been a demand on a...
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MOHU is waiting for applications from small shops for the development of the manual return system
Mol MOHU is waiting for applications from small shops and players in the horeca sector for the development of the manual return system – Szilvia Szabó, head of MOHU’s producer...
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Many risks are visible in the economy
According to the current prospects, the annual average annual inflation this year may be 4.2 percent, but many risks must be taken into account. For example, with the forint, which...
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Oettinger acquires non-alcoholic functional beer brand JoyBräu
German beer and soft drink maker Oettinger has acquired protein beer producer JoyBräu. The Hamburg-based start-up, founded in 2016, holds two patents for manufacturing and processing technology used in making...
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A growing turnover is expected in the domestic flower trade
After two more restrained years, Flora Hungaria Kft., which operates the Flora Hungaria Nagybani Virágpiac, is expecting a stronger turnover in the domestic flower trade this year. After Valentine’s Day...
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Hungarian Product Nonprofit Kft. opened 2024 by carrying on with the “HUNGARIAN GIVES YOU MORE” campaign
Hungarian Product Nonprofit Kft. isn’t slowing down in 2024 either: the company started the new year with the continuation of the “HUNGARIAN GIVES YOU MORE” campaign, which had been launched...
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SAP is shaping the future of data-driven business transformation to help customers succeed in the AI era
The new capabilities of SAP Datasphere announced today, including new generative artificial intelligence capabilities, will transform enterprise design through a simplified data environment and intuitive data management. These innovations help...
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Hungarian farmers can always count on the government
Instead of fake problems, spreading administrative burdens and extreme green ideologies, Brussels should protect the competitiveness of European farmers – said Minister of Agriculture István Nagy at the farmers’ forum...
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According to the interests of logistics service providers, the EKR amendment can significantly reduce truck traffic
The fact that rail transportation of semi-trailers has been subsidized since February within the framework of the Energy Efficiency Obligation System (EKR) could result in a reduction of 50,000 trucks...
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All elements of the cultivation system must be reconsidered for successful frost protection
Spring came early again this year, and the unusual February weather will certainly have a serious impact on domestic fruit production. According to the National Chamber of Agrarian Economy, protection against...
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Aldi Rebrands Own-Brand Coffee Range In Portugal
German discount retailer Aldi has rolled out the Barissimo coffee brand in Portugal as part of a rebranding process of its private-label coffee SKUs, including the Moreno and Markus brands....
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Our country’s agricultural foreign trade increased significantly last year
Last year, the value of agricultural exports reached 13.4 billion euros, which means that our country sold 3.5 billion euros more on foreign markets than it imported. Agriculture accounted for 38...
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Unilever invests in production of Liquid IV beverage brand
“Securing supply chain resiliency for Liquid IV is a key factor in continuing to drive growth for the brand” – Unilever. Unilever is investing $80m into a US facility to...
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Quality seed is the basis of successful crop production
Quality seed – quality crop. The National Chamber of Agriculture and the Inter-Trade Association and Product Council of the Seed Association draw attention to the importance of using metal-sealed seeds....
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Women are prioritising health and embracing holistic solutions to take charge of their wellbeing: Euromonitor International
Women are prioritising their health and embracing holistic, long-term solutions and trends to take charge of their wellbeing in the run up to International Women’s Day 2024, according to research...
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Modern Plant Based Foods taps into caviar craze
The plant-based Vegan Caviar range of Canadian company Modern Plant Based Foods wants to fill a gap in the market with an affordable option. This article is available for reading...
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