Market News
Domestic sunflower cultivation is at the forefront of Europe
According to the forecast of Syngenta, the market leader in the field of sunflower seeds, compared to last year’s record 700,000 hectares, the planting area of the plant will decrease...
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Carbonated soft drinks and syrups riding the stormy waves of the market
In 2023 the carbonated soft drinks market continued to be affected by external factors such as high inflation, the changing tax environment, the introduction of the EPR fee, soaring raw...
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Joe Biden called on traders to reduce prices in the wake of the high inflation figure
The President of the United States of America, responding to the higher-than-expected inflation data, called on American companies and trade actors to reduce their prices in order to reduce inflation....
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The submission of uniform applications for 2024 has started
The legislation required for the submission of uniform applications has been published. Thus, between April 10, 2024 and June 10, 2024, farmers can submit their applications for 44 direct support and...
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C-store operator Re-Up deploys robotic chef amid big expansion plans
Re-Up, which bills itself as the c-store of the future, is partnering to deploy autonomous kitchens as it plots ambitious store growth. Re-Up, the world’s first AI-powered convenience store operator,...
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Beekeepers: this year’s harvest prospects are good, but the low purchase price is a problem for large honey producers
This year’s acacia season may be favorable for domestic beekeepers, however, as a result of persistently low purchase prices caused by Chinese honey flowing into the European Union – mostly...
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Coca-Cola’s smartwater launches canned water as demand for convenience rises
Coca-Cola brand smartwater is rolling out 12 oz aluminum cans for water, offering an updated design and elevated consumption experience. Smartwater original and smartwater alkaline with antioxidant have been available...
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Retail consolidation in Central & South-Eastern Europe accelerates: Discounters and local heroes can increase the lead against other competitors
Over the past two years the emerging markets of Europe have gained in importance in the balance sheets of international retailers. However, in contrast to the past, market share growth...
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Tesco partners with global grocers to launch retail innovation venture fund
Tesco has become one of five leading global grocery retailers to establish a pioneering collaborative venture fund to accelerate innovation across retail. The W23 Global venture fund, which is equally...
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István Nagy: change is also needed in Brussels for the sake of farmers
Change must also be achieved in the interest of farming society during the June EP elections, because Brussels’ agricultural policy threatens the future of European producers and the food security...
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European governments promote diets with protein alternatives
Several European countries are supporting plant-based and other alternative protein based diets, according to a PLMA International summary. This article is available for reading in Trade magazin 2024/4 In Denmark...
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DS Smith invests EUR 13m in its Austrian factories
Packaging company DS Smith is investing EUR 13m in its production facilities in Margarethen am Moos and Kalsdorf bei Graz in Austria. The investment will increase DS Smith’s production capacity...
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Hungarians don’t eat what they like, but what they can afford
Many people in Hungarian society don’t buy the food they want, but what they can afford – it was said at the Erste Bank analysts’ background discussion. As a result,...
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Central European financial managers are significantly more optimistic, according to the Deloitte survey
According to a recent Deloitte survey, Central European financial managers are much more optimistic than a year ago. The survey, which sought the opinions of more than five hundred financial...
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AKI: the export value of 13 of the 24 agricultural and food product groups increased in 2023
In an annual comparison, the assets of Hungarian agricultural foreign trade increased by 51 million euros (almost 20 billion forints) to 3,519 million euros (almost 1,400 billion forints) in 2023...
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It is extremely important for Hungarians that the shops operate in a sustainable manner
Environmental awareness is becoming an increasingly important aspect for customers, and according to a recent survey, Hungarians also find it extremely important that stores operate in a sustainable manner. Based...
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Hungary subscribes: this is how subscription e-commerce changes our lives
Subscription e-commerce revolutionizes shopping, offering consumers greater savings, convenience, personalized offers and exclusive access. The new model not only enriches the customer experience, but also promotes the dynamic development of...
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Worrying survey: 95% of strawberries contain harmful chemicals
Government studies in the United Kingdom have revealed a serious problem: 95 percent of the strawberries available in the country contain perfluoro and polyfluoroalkyl substances (PFAS), which are dangerous to...
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20 years of Hungary in the EU: how has employment changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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It is worth using salt substitutes
According to recent research, the use of salt substitutes can have significant benefits for cardiovascular health. A study published in the journal Annals of Internal Medicine points out that long-term...
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Switzerland absorbs the mass of domestic meat industry workers
The search for butchers and beef boners in Switzerland is increasingly aimed at Hungarian workers, and not by chance. A Swiss meat plant is currently offering such a high salary...
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Temu floods the market with a new strategy
Temu, owned by China’s PDD Holdings, is expanding its marketplace to include sellers with US warehouses to compete with Amazon, reducing delivery times and expanding its product range. Temu, part...
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Márton Nagy: the duality of the economy must be resolved
The duality of the Hungarian economy must be resolved, the foreign and Hungarian property present in Hungary must function together and in an integrated manner – emphasized National Economy Minister...
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The destructive effect of Chinese honey can only be mitigated with EU instruments
Domestic beekeepers are optimistic about this year’s acacia season, however, due to the persistently low purchase prices caused by the influx of Chinese – mostly counterfeit – honey into the...
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The Professional Star Festival welcomes its guests again
The Hungarian Chamber of Commerce and Industry (MKIK) in cooperation with the National Chamber of Agriculture (NAK) is organizing the Professional Star Festival for the third time, between April 24-26,...
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The producer price of broiler chicken fell by nearly 20 percent
According to data from the European Commission, poultry meat exports from the Union (EU27) decreased by 3 percent to 2 million tons in 2023 compared to 2022. Exports of EU...
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Something worrying has been revealed about microplastics
The Water Management Science Committee of the Hungarian Academy of Sciences held its quarterly speaker meeting on April 3, 2024. At this meeting, special attention was paid to the latest...
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WHO: agricultural and rural development payments exceeded HUF 1,400 billion last year
Last year, i.e. in the first year of the agricultural policy cycle until 2027, HUF 1,409.2 billion were paid out for agricultural and rural development subsidies – read the summary...
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More than fifty corporate partners participate in the BGE job fair
More than fifty corporate business partners will offer their jobs for three days from Tuesday at the Budapest University of Economics (BGE), whose professional partner is Frissdiplomás Kft., the university...
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Hair care in new dimensions
Last year the hair market grew by 18.3% in value compared to the previous year. This article is available for reading in Trade magazin 2024/4 Renewal inside and outside “The...
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