Market News

Nearly one hundred tons of suspicious syrup was seized in Hungary

The National Agency for Food Safety seized 98 tons of unknown origin fruit syrup concentrate – Fazekas Sándor, Minister for Rural Development announced. Most of the concentrate, (78 tons) was...

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The Americans waste 40 percent of the food

The U.S. Department of Agriculture announced a program for the suppression of food wastage, because in the United States 40 percent of the produced food goes to waste. According to...

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The mangalica conquers in Japan

The Hungarian Mangalitsa conquers the Japanese market. Started in Michelin-starred restaurants, it is considered more prominent than the world's coolest meat products. The Hungarian Mangalitsa targets Korea, Hong Kong and...

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Excellent sour cherry and cherry crop is expected at the Elvira major

Professionals were gathering to a sour cherry and cherry meeting that took place at the Elvira major, which is the Experimental Station of the State Research Institute of Pomology Photo:...

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Competition in food retailing

Although the rule was introduced in the protection of competition that food products can not be sold below the price that included in the purchase invoice, it has brought the...

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The focus should be put on quality in the case of Hungarian wheat

The Hungarian wheat-growing industry needs to move toward a specific, high-quality varieties rather than towards quantity – Bedő Zoltán, Diector of the research center of the Agricultural Sciences Research Centre...

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Magazine: The happy days of our agricultural foreign trade

The beginning of the year is traditionally rather slow in international trade if compared with the end of the year. However, the processes in January 2013 didn’t follow this trend....

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New pálinkas acquired trademarks

Another 19 pálinkas have acqired the right to use the Pálinka trademark, so we have a total of 35 products with a sticker – Wessling Hungary Kft. pálinka rating company...

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EU alert system for food safety

The report on the annual food and feed safety alarm system has been released. The annual report on the EU food and feed safety alert system (RASFF system) was published...

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An average of one hundred thousand HUF per person on health care products

The Hungarian population between age 18-69 spent an average of one hundred thousand HUF per person on health care products last year – shows the research of Cofidis. According to...

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TerraCycle to recycle in Hungary, too

TerraCycle is a private U.S. small business headquartered in Trenton, New Jersey. It makes consumer products from pre- and post-consumer waste (“upcycling”) and reusing other waste materials TerraCycle began with...

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The market of premises is in change

Area needs became maller, rents are stagnant and the tenants are looking for flexible terms in the trade retail property market – the OTP Real Estate Fund Management Company and...

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KSH: inflation was 1.8 percent in May

The inflation was 1.8 percent in May which is lower than the expectations of the analysts. Compared to the previous month, consumer prices fell by 0.1 percent – the Central...

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To much rain harms the grain, however, it is good for the potatoes

“The flood itself in terms of the agricultural sector as a whole does not cause significant damages, the flooded arable land is expected to remain below 50 hectares”- Vancsura József,...

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The draft of the advertisement tax is under preparation

Several dailies are reporting on the draft of the advertisement tax in their Tuesday issues. Several dailies are reporting on the draft of the advertisement tax in their Tuesday issues....

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VOSZ: no jobs without investments

There are no jobs without investments, but to increase investments an atmosphere of trust is needed – Dávid Ferenc Secretary-General of the National Association of Entrepreneurs and Employers (VOSZ) told...

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Tobacco peace under formation

The final refinements are carried out on the joint memorandum of the cooperation, which was prepared by the National Tobacco Trade Office (NDN) Ltd.. The document will likely be signed...

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Sand contaminated soybean was imported into the domestic market

Authorities initiated procceedings, due to the fact that sand contaminated imported soybean meal appeared on the domestic market. According to users the soybean meal items include 5-20 percent sand, that...

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Two-month delay for the replacement of cash registers

Varga Mihály, Minister for Economic Affairs recommends the Government  to consider the extention of the deadline in connection with the exchange of cash registers with two months. He suggests 1...

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The role of local products continues to grow

According to V. Németh Zsolt Minister of State for Rural Development, the role of local products continues to grow in the future in the food industry, therefore the government considers...

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Who can use the Hungarian product logo?

The number of logos, indicating Hungarian origin or product may be reduced from the autumn on the domestic food market – Népszabadság Online wrote. The government last year adopted a...

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Higher import strawberry prices than last year

This year, the import strawberries offered at a ten percent higher wholesale price than last year, while in the same period, merchant paid 2 percent less for Hungarian strawberries at...

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Flood makes milk more expensive in Germany

Currently about 250 thousand hectares of agricultural land is under water in Germany. About 15 thousand plants are struggling with flooding. The flood causes about 250 million euros damage to...

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Melon production increased

Melon production mood increased among the farmers in South Békés and experiences are similar nationally: the land expansion exceeds ten percent – Simonka György, ministerial commissioner, responsible for the promotion...

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Greenpeace: bees dying due to hazardous chemicals

Greenpeace asks Rural Development Minister Fazekas Sándor for an immediate ban on chemicals hazardous to bees – the environment protection organization announced on Monday. On 16 January, the European Food...

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Analysts: better-than-expected increase in industrial production and foreign trade surplus in April

According to analysts surveyed by MTI, the industrial production expanded stronger than expected and foreign trade indicators also improved. According to the preliminary datas of the Central Statistical Office (KSH)...

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Never seen separate waste collection success

More than ever, a total of 125 tons of beverage cartons were collected by kindergarten and -school-aged children, in the scope of the environmental program of the Beverage Carton Environment...

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Analysts say that agriculture has a key importance in terms of growth

According to Buda-Cash and Raiffeisen analysts, this year's economic growth hihly depends on the performance of agriculture. The analysts believe that to reach long-term growth track an investment revolution would...

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FAO: higher food prices to come in the forthcoming years

Consumers can expect globally higher food prices in the next ten years. The UN reports that due to the increase of the population and higher incomes demand will grow in...

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Comprehensive monitoring due to GMO suspicion

Comprehensive seed and crop monitoring was initiated by the Minister for Rural Development, due to the suspicion that genetically modified corn seeds have arrived to Hungary illegally, through the eastern...

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