Market News

Croatian pork prices may increase by one-third

In Croatia a quarter less corn and soybean crops are expected, compared to last year – shows the latest estimate of the statistical office. The Chamber of Agriculture expects an...

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Food prices on their six-month peak

Food prices have risen to heights have not seen for six months – shows UN’s FAO index. On the dairy market the increase was so high that is has not...

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Meat will become more expensive

The price of meat is increasing for a while, but a further price increase is expected, due to this year's drought – Menczel Lászlóné, secretary of the Livestock and Meat...

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GfK consumer trust: the atmosphere is gloomy

The variable development of the consumer mood once again continued in July. On the whole, income expectations and willingness to buy remained at very good levels. The latter improved slightly...

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Less corn has grown than expected

The amount of the harvested corn does not meet the expectations. It seems that the yield will be only a little more than four million tons, compared to the previously...

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The base price of milk has remained 86 HUF

The chairmanship of the Milk Marketing Board Interprofessional Organization at its meeting on 2 October decided that it will not modify its 86 HUF / kg prognosis for the the...

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The Ministry of Rural Development supports the producers' markets

The Ministry of Rural Development supports the producers' markets mainly with legal tools and also by providing the necessary financial background. The aim is to establish producers' markets in as...

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The tobacco industry received the Commission's proposal well

According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), the Parliamentary Budget Committee’s proposed amendment will be beneficial for both the state and the manufacturers. According to the proposed...

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Nébih – large quantities of expired candies were seized by the authorities

The Tax and Customs Administration of Szabolcs-Szatmár-Bereg county and the Food Chain Safety and Animal Health Directorate of the county seized about 6,650 kilograms of expired candies at a plant...

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Coca-Cola, Apple, IBM are the world's most valuable brands

Coca-Cola remains the world's most valuable brand, but Apple is closing the gap –shows the study of the Interbrand consultancy company. Just like in 2011, Coca-Cola occupies the first place...

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Euro zone’s retail sales continued to increase

The volume of Euro zone’s retail was increasing for the fourth consecutive month in August, despite the rising unemployment and worsening economic outlook – EU's statistical office, Eurostat announced on...

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The Hungarian meat industry is on the edge

The meat companies of Gyula and Kapuvár are on the edge of bankruptcy, Gallicoop wich had a 1.5 billion HUF profit last year, will also produce loss this year. The...

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National Food Chain Safety Strategy under development

The Ministry of Rural Development is developing a food chain safety strategy. The objective of the document is to determine the measures and instruments through which the protection of the...

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OKSZ still calls for VAT cut

The VAT rate reduction of basic foods would be advantageous both for the customers and for the market participants – provides the communication of the National Trade Association (OKSZ). The...

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Grain exports increased by almost one quarter

In the first seven months,1200 billion HUF surplus was accumulated in the foreign trade balance. The exports were driven by vehicle manufacturing, but a sharp increase was measured in imports...

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KSH: External trade turnover continued to increase in July

In July 2012 exports and imports increased by 5.6 percent and 4.8 percent, respectively, compared to the corresponding period of 2011. According to the latest flash report of the Hungarian...

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French social security deficit will be reduced by the tobacco and beer tax increase

The French Government announced a series of measures, including the tax increase of tobacco and beer, in order to reduce next year's deficit in the social security budget – the...

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Nielsen: food retail sales increased in the first half of the year

The food retail sales in value increased by 6 percent, in volume by 1 percent, between last December and July 2012, compared to the same period of the previous year...

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The British families are facing with huge food price increases in the next ten years

The food spendings of the British families will grow a lot over the next ten years – shows the study of a British governmental body. The British population may suffer...

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Cherries may reduce the risk of gout attacks

Cherry consumption may reduce the risk of gout attacks – U.S. researchers found in their study. In the study published in the Arthritis & Rheumatism journal, the risk of gout...

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Electronic shelf label at a MOL petrol station

In Hungary electronic shelf labels are already used in many places, especially in food and DIY stores. Petrol stations have long been targeted by electronic shelf labels because of their...

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The price of corn falls: food price explosion may not occur

Despite the drought the price of corn is falling, if the trend continues, the price of food and ethanol may reduce. In the last two weeks the price of corn...

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The forecast of GKI Economic Research Co. for 2012-2013

In the first half of 2012 the Hungarian economy got into recession. It further deepened in the second half of this year due to the drought. Consumption, investments and lending...

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Harvest panorama – we can expect less grapes, but high quality wine

Less grapes but high quality wine is expected in the historical wine growing regions – shows the harvest panorama of MTI. 24 to 25 thousand hectares falls to the Danube...

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Nébih: the botulism in Békés county did not affect the food chain

The examination on botulism disease in Békés county has completed. It was found that the botulism did not affect the food chain – said the National Food Chain Safety Office...

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Increased household food expenditure in Slovakia

The Slovak household food expenditure rose by 5 percent in the first half of 2012, compared to last year – the Postová banka told MTI on Friday. The analysis is...

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Free pálinka distillation is two years old

The free pálinka distillation called attention to the importance of fruit landraces, however, the number of competitions have shown that private distilerries can produce high-quality distillates – V. Németh Zsolt,...

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DHL Express favours small- and medium-sized businesses

DHL's focus on selected industry sectors means customers benefit from working with specialists – not just in logistics, but also in their particular marketplace. Our aim is to build long-term...

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GKI: GDP decreases by 1.5 percent this year and increases by 0.8 percent next year

The gross domestic product (GDP) decreases by 1.5 percent this year and increases by 0.8 percent next year – shows the forecast of the GKI Economic Research Company. Vértes András,...

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A courier takes Fórum’s VAT-proposal to the Prime Minister

The Fórum “Board for the reduction of basic foods” trade bloc, propose on the basis of the study of Ernst & Young (E&Y), to reduce the VAT of basic foods...

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