Market News
Bonafarm Group expands in Romania
Bonafarm Group has signed an agreement to acquire Friesland Romania S.A., the Romanian subsidiary of Dutch multinational dairy company Royal FrieslandCampina, the company informed MTI on Thursday. The transaction is...
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Beyond Meat Ditches ‘Meat’ and Seeks a New Identity in the Plant Protein Market
Beyond Meat has dropped “Meat” from its name, rebranding itself as simply “Beyond,” as the company shifts its focus from imitating animal proteins to developing plant-based proteins that stand on...
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L’Oreal to push for tariff exemption as US market improves
L’Oreal warned on Tuesday that the EU’s trade deal with the U.S. would be costly and that the cosmetics maker would push for tariff exemptions, even as it reported improving...
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Agrometeorology: Drought not easing in large areas
Precipitation arrived in many places at the end of last week, but large areas were almost completely left out of the rain. A heat wave is not likely in the...
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Nébih tested zucchini seeds in the Supermint program
Experts from the National Food Chain Safety Authority (Nébih) tested zucchini seeds in the latest product test of the Supermint program, and based on laboratory measurements, the germination capacity of...
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Much less apricot and sour cherry were produced than last year
Among the fruit crops, sour cherry picking was 90 percent complete on July 16. The national average decreased by a third compared to last year, to 3.6 tons/hectare. The yield...
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Edeka Nord launches new food test markets in Northern Germany
Edeka Nord and Food Harbour Hamburg have announced an exclusive cooperation allowing food manufacturers and start-ups to test their new products under real-life conditions in selected Edeka stores. The goal...
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Amendment of the Nitrate Regulation is beneficial for farmers
The amendment of the Regulation on the detailed rules of the action program for the protection of waters against nitrate pollution from agricultural sources, as well as the procedure for...
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OKSZ: Margin stop sweeps inflation under the transparent carpet
According to three-quarters of the population, food prices are rising in Hungary, and economic policy plays a decisive role in this, meaning that the margin freeze does not achieve the...
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The melon season is in full swing, the campaign has started
This year, a national campaign aimed at promoting one of the most popular fruits of the summer, the Hungarian melon, has been launched, which will take place between July 23...
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Trump’s new tariff strategy could redraw the global map of coffee and cocoa trade
Tropical agricultural products such as coffee and cocoa may be exempt from tariffs when exported to the United States in the future, if a bilateral trade agreement is reached with...
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The Ministry of National Economy links economic growth to peace
As long as the war lasts, this growth rate is realistic, if there is peace, growth will accelerate. The sooner there is peace, the faster the growth rate of the...
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K&H Analyst Commentary: Hungarian economy shows faint signs of life
In the second quarter, GDP grew by 0.2 percent year-on-year based on seasonally and calendar-adjusted and balanced indicators. The economy’s performance expanded by 0.4 percent compared to the first quarter....
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The EU adopted a recommendation on the introduction of a sustainability reporting standard for SMEs
The European Commission has adopted a recommendation to introduce a voluntary sustainability reporting standard for small and medium-sized enterprises (SMEs) to reduce administrative burdens and facilitate the easier sharing of...
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Berries may make a comeback – if we adapt
Climate change and labor shortages have greatly transformed the Hungarian berry sector, but modern technology and new varieties provide an opportunity for renewal, said Ferenc Takács, Vice President of FruitVeb,...
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Changes in the plant protection product market
The number of active ingredients that can be used is increasingly narrowing, but 2 simple substances (grape seed extract and bulb onion) have been authorized, which has increased the number...
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KSH: the foreign trade surplus in goods was 978 million euros in June
The surplus in foreign trade in goods in June was 978 million euros; the volume of exports was 0.7 percent lower and that of imports was 6.0 percent higher than...
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A large Polish company has acquired the largest Moldovan wine exporter
Polish Maspex has acquired the largest Moldovan wine exporter, Purcari Wineries, economedia.ro reported, based on data from the Bucharest Stock Exchange (BVB) and brokerage platforms. Maspex, through its Romanian subsidiary,...
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Food sovereignty is a national security issue
The challenges of recent years have shown worldwide that access to good quality and affordable food is no longer just an agricultural policy goal, but a fundamental national security issue....
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Harvest has begun in South Balaton
This year’s harvest began in South Balaton on Wednesday with the picking of the earliest-ripening grape variety, Csabagyöngye – said the cellar manager of Varga Pincészet Kft. in Ordacsehi, Somogy...
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Time Out Market Budapest: a new gastro center is born in Blaha
The iconic walls of Corvin Palace will host the first Time Out Market in Central and Eastern Europe, bringing together the outstanding gastronomic figures not only of Budapest but of...
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AM: important milestone in the generational renewal of Hungarian agriculture
The generational renewal of Hungarian agriculture is extremely important for the future of domestic agriculture and the future provision of our country’s food self-sufficiency – the Ministry of Agriculture (AM)...
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Candy giant Mars to invest $2 billion more in US manufacturing through 2026
Candy and snacks giant Mars on Tuesday announced plans to invest $2 billion more in its U.S. operations through next year to bolster the company’s ongoing efforts to expand manufacturing...
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Grocery Stores In Denmark Face DKK 1bn Hit From Weight Loss Medications, Study Finds
Danish grocery stores risk losing up to DKK 1.2 billion (€130 million) in revenue due to increased use of weight loss medication in the country, a new report from representative...
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Horticultural tenders help the survival of Hungarian melon production
Horticultural tenders financed from the rural development framework help the survival of Hungarian melon production, and the subsidies can make farming more efficient and safer – said the State Secretary...
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Alko – Finland’s State Sommelier Navigates Changing Times
A store format unlike any other in Europe: Alko is Finland’s state-owned liquor retailer, operating under strict legal and social mandates. This exclusive shop-floor report offers first-hand insight into how...
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Aldi grows in Spain by 60 % over five years
Aldi is the fastest grower in the Spanish food market: the discounter opened 168 new stores in the past five years, resulting in a 60 % increase in store area since 2020. Aldi...
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István Nagy: the 21st century rebirth of Hungarian agriculture is our work
The 21st century rebirth of Hungarian agriculture is visible in Mélykút, this is our work, our responsibility – stated István Nagy, Minister of Agriculture, at the handover of the Bács-Tak...
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Provident: A growing number of Hungarians are finding it challenging to survive on their income
An increasing number of Hungarians are facing a challenge to survive on their income, 27 percent of the population is not able to save at all, this trend is getting...
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GKI Analysis: Artificial Intelligence in the Workplace: Who Uses AI?
Artificial Intelligence in the Workplace: Who Uses AI? In July, GKI conducted a representative survey of 1,000 people to assess the prevalence of artificial intelligence (AI) in Hungary. Who uses...
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