Market News

Ministry of Agriculture: winter seasonal food chain inspection has completed

A series of one-month winter seasonal food chain inspections ordered by Erdős Norbert, Secretary of State for Food Chain Supervision of the Ministry of Agriculture and carried out under the...

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Analysts: food and durable goods have raised inflation in December

Analysts told MTI that inflation had not slowed last December in spite of expectations. A lot is expected from the January indicator, because the revaluations at the beginning of the...

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KSH: agricultural purchase prices continued to rise

The rise in agricultural purchase prices accelerated further in November last year, by an average of 27.2 percent year-on-year after rising 26.1 percent in October. The rise in prices for...

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The outlook for Florida orange yield is bad

According to the U.S. Department of Agriculture (USDA), Florida may have the lowest orange yield since the end of World War II, The Wall Street Journal reported. The USDA expects...

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Dynamically growing FMCG sales in tobacco shops

There are approximately 5,100 National Tobacco Shops in Hungary, and 75 percent of these realised about 95 percent of total sales. Presently the share of FMCG products in the total...

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Magazine: Desserts (not only) from milk

Chilled milk dessert sales didn’t profit from the surge in demand caused by the pandemic, probably because this is an impulse category. Sales didn’t decline either, as pre-COVID the popularity...

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Green Source competition supporting green NGOs launched

This year, the Ministry of Agriculture is announcing the tender of a Green Resource, which fits its environmental and conservation tasks and helps civilian tasks, with a budget of HUF...

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KSH: consumer prices rose by 5.1 percent last year

Last December, consumer prices were on average 7.4 percent higher than a year earlier, 0.3 percent higher than a month earlier and up 5.1 percent year-on-year, the Central Statistical Office...

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Varga Mihály is launching a 30 billion HUF program for small businesses operating in villages

The government will launch the Hungarian Village Enterprise Restart Program with a budget of 30 billion HUF, Minister of Finance Varga Mihály announced in a video message posted on Facebook...

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Consumer sentiment in the United States deteriorated

Consumer sentiment in the United States deteriorated more than expected in December due to concerns about high inflation. The consumer sentiment index fell from 70.6 points in December to 68.8...

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The EU has banned the use of the food additive E171

The European Commission has banned the use of titanium dioxide as a food additive (E171), which will take effect in early July after a six-month transition period, the Brussels panel...

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OMV Hungária and its customers help the Maltese Charity Service to buy an ambulance with HUF 5 million

As a result of the charity campaign held during the Christmas season, OMV transfers a total of more than HUF 5 million to the Hungarian Maltese Charity Service. The aid...

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“Buy now, pay later” payment plans are catching up

Companies using the BNPL payment plan are moving forward unstoppably, portfolio wrote. The acronym means buy-now-pay-later, meaning buy-now-pay-later, i.e. buy now, pay later, undoubtedly seems tempting…...

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Pricestop: it is better to look for the cash register tape

The price of the CSO can be lower than the shop price of 15 October, since it is an average. So if the price is lost, the fall could be...

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Do you want it sliced and packaged?

Higher production costs, problems with ingredient and packaging material supply, workforce issues on the production side, a shift in retail channel preferences on the consumer side, new consumer expectations and...

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The most popular brands are also trademark users

Savencia Fromage & Dairy Hungary Zrt.’s brands first joined the ‘Buy Hungarian! Protect domestic products!’ campaign of Hungarian Product, and based on their positive experiences they trademarked popular cheese brands...

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Magazine: Emotionally the most effective OTC commercials in 2020 – according to Synetiq’s regular neuromarketing tests

In 2020 demand rose sharply for OTC products and at the same time the commercials of pharmaceutical companies switched to a different focus than they had had before, expressing support...

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Gulyás Gergely also spoke about the food price stop at the government information session

Gulyás Gergely, Minister in charge of the Prime Minister’s Office, held a government information session. The politician also revealed some details about the announcement of Prime Minister Orbán Viktor about...

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Nagy István: the development of the food industry sector remains a priority

The Ministry of Agriculture continues to prioritize the development of the domestic food industry, the Minister of Agriculture said at the Debrecen City Hall on Thursday, where he handed over...

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European apple stocks are almost 7 percent higher than a year before

Thanks to the favorable harvest, there are almost 7 percent more apples in European reservoirs than a year ago, according to a news release published on Thursday by the FruitVeB...

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A call to support for the development of livestock farms will be available again

The call for proposals called Support for the Development of Livestock Farms, announced in the Rural Development Program, is scheduled to reopen in February, so it will be possible for...

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Last year, PC shipments grew by almost 15 percent worldwide

Last year, PC shipments grew by almost 15 percent, due to growing demand due to the coronavirus pandemic According to preliminary data posted on the website of the US International...

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More than half a tonne of cocaine was hidden in the banana consignment

More than half a tonne of cocaine was found in a consignment of bananas destined for the food chain in Montenegro, the drug was seized by police, Montenegrin Public Service...

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Though still low in Europe and Central Asia, hunger rates worsened by pandemic impacts

Undernourishment and severe and moderate food insecurity rates in Europe and Central Asia are, on average, much lower than in the rest of the world. However, more than 14 million...

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K&H: SMEs start the new year with cautious optimism

Micro, small and medium-sized enterprises start the year with positive expectations: the K&H SME confidence index is still at 11 points after a slight decline. Nevertheless, there is a slight...

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Strengthening Hungarian chains in the FMCG market

In March-April 2020, during the first wave of the coronavirus pandemic when the panic-buying started, FMCG sales by Hungarian-owned retail chains skyrocketed – the like-for-like sales growth was 45 percent....

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FAO: Acute food insecurity soars to five-year high warns Global Report on Food Crises

The number of people facing acute food insecurity and needing urgent life and livelihood-saving assistance has hit a five-year high in 2020 in countries beset by food crises, an annual report launched...

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The majority of Hungarian workers would like to share their opinions with their employer when leaving

Recent, representative research by the Profession.hu has shown that most workers would like to take advantage of the exit interview. However, this forum can be useful not only for departing...

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(HU) Jelentős a munkaerőhiány a dél-alföldi régióban

Sorry, this entry is only available in Hungarian....

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The government has announced a food price stop

Price regulation will be applied from February 1 for six products, vg.hu wrote. As prices rise across Europe due to rising energy prices, the Hungarian government is introducing a food...

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