Market News
Our agricultural cooperation with Uganda can be further strengthened
The conclusion of an agricultural cooperation agreement can further strengthen our country’s agricultural relations with Uganda and pave the way for investors in the African country, said Minister István Nagy,...
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Banana cultivation faces global challenges
The World Banana Forum (WBF), the global forum of the United Nations (UN) dealing with banana production and sales, met in Rome this week. The purpose of the forum was...
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NAV: the rules for sales must also be observed on the marketplaces of social networking sites
A man sold gold jewelry owned by his father’s company without an invoice or receipt on social media platforms; following an inspection by the National Tax and Customs Administration (NAV),...
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EU agency: climate risks require urgent action
The climate risks experienced in Europe require urgent action, as prolonged droughts pose a significant threat to crop production, food security and drinking water supply, the European Environmental Protection Agency...
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Even stricter rules apply to the import of Ukrainian honey, eggs and poultry
The European Parliament tightened the import of agricultural products from Ukraine, extending the restrictions to poultry, sugar, eggs, as well as cereals and honey. The purpose of the decision is...
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Farmers can give their comments to the European Commission until April 8
The Ministry of Agriculture is fighting with all possible means in Brussels to simplify the EU rules of the Common Agricultural Policy. Now it’s the farmers’ turn to directly indicate to...
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Agrometeorology: there is a chance for a cold wave and night frosts next week as well
The vegetation that developed 3-4 weeks before the usual time survived last week’s cold wave without any serious frosts, but the cold air masses of arctic origin are not far...
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Target to launch paid membership program to rival Amazon Prime, Walmart+
Target Circle 360 will cost $99 a year and comes as the retailer plans 300 new stores in the coming decade. Target on April 7 plans to debut Target Circle...
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Bimbo, PepsiCo make most ethical companies list
The Ethisphere Institute has named Grupo Bimbo de CV, Ingredion and PepsiCo as 3 of the 136 companies in 2024 to excel in ethical business practices. Since 2007, Ethisphere has...
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Gen Z Consumers ‘Behave Like Boomers’ When Grocery Shopping: Study
Some 59% of Generation Z consumers prefer to shop for groceries in-store rather than online, a similar percentage to those in the Baby Boomer generation, a new study by Clear...
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Let’s keep water in the landscape! NAK is conducting a survey among more than ten thousand farmers operating in low-lying areas
The network of village farmers of the National Chamber of Agriculture conducts a national water demand survey in March. The aim of the survey to be carried out on behalf of...
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Are there really many chemicals in Hungarian food?
Consumers have always demanded cheap, high-quality and preferably chemical-free vegetables and fruits. However, this is often a challenge for agribusiness actors: creating a balance between increasing production efficiency, keeping prices...
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Our country’s agricultural relations with Kenya continue to strengthen
Africa can be the world’s largest global food producer, and our country must take advantage of its potential, said István Nagy, Minister of Agriculture, who met with Mithika Linturi, Kenya’s...
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KSH: industrial production decreased by 3.6 percent
In January 2024, the volume of industrial production was 3.6 percent lower than a year earlier. Adjusted for the working day effect, production fell by 4.1 percent, the Central Statistics...
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A slow recovery awaits the Hungarian economy
This year, the Hungarian economy started to grow after last year’s decline. However, the speed of recovery is expected to be lower than previously hoped due to the lingering effect...
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The European Parliament adopted the regulation on artificial intelligence
Today, the European Parliament adopted the EU regulation on the regulation of artificial intelligence (AI). Companies that violate the law, which is expected to enter into force this spring, may...
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We try to save the most on online subscriptions and streaming services
Most European consumers are confident about their financial situation, but many, especially younger age groups, find it difficult to save and keep track of monthly expenses. Most consumers try to...
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K&H and the Tej Product Council signed a cooperation agreement
At the European Union level, the number of dairy cows may decrease by more than 2 million by 2035, while milk yields per cow will increase. In order for the...
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Elek Nagy was re-elected president of the Budapest Chamber of Commerce and Industry
The representative assembly of the Budapest Chamber of Commerce and Industry (BKIK), which represents nearly 40 percent of Hungarian individual and cooperative enterprises, unanimously elected Elek Nagy as the president...
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Conad gets EUR 25m sustainability loan from UniCredit
Supermarket chain Conad has secured a EUR 25m loan from Italian banking group UniCredit to support its sustainability initiatives, which will be used to purchase goods and stock. Conad has...
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In January, industrial production in the Eurozone fell by the largest rate in ten months
Industrial production in the Eurozone and the EU fell more than expected in January, the largest in ten months, according to a Wednesday report by Eurostat, the statistical office of...
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Ben & Jerry’s new recipe for oat-based ice cream in the US
Ice cream giant Ben & Jerry’s has unveiled a new vegan flavour in the US. This article is available for reading in Trade magazin 2024/2-3 The new dairy-free strawberry “cheesecake”...
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In February, the annual inflation in Romania was 7.2 percent
In February, the annual inflation rate in Romania was 7.2 percent, the National Institute of Statistics (INS) announced on Wednesday. This represents a decrease of 0.2 percentage points compared to...
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The GVH took action: a competition supervision procedure is launched against Temu
The Economic Competition Authority (GVH) is launching a competition supervision procedure against the European operator of the Temu online marketplace, Whaleco Technology Limited. In recent weeks, GVH has received several...
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Not many Hungarian chain stores will be open on March 15
The March 15 holiday is upon us, which is also the first long weekend of the year, if we do not count the New Year. The opening hours of the...
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Subscription e-commerce is about to explode in Hungary
According to industry forecasts(1), the subscription model of global e-commerce will expand by more than 50 percent annually, while in Hungary even greater growth is possible due to the low...
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According to Tesco, this is how milk stays fresh longer
Milk is often on shopping lists, but due to its short shelf life, its purchase can easily lead to food waste. However, proper storage and freezing can prevent this problem...
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Almost half of women do not return to their original workplace after maternity leave
Four out of ten women returning from maternity leave found themselves in a situation where their employer did not take them back, even though this would be mandatory under current...
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Floral, nostalgic flavors named key flavor trends for 2024
Floral flavors and nostalgic palates with modern twists are likely to resonate with consumers in 2024, according to Innova Market Insights. The predictions come from Innova’s annual flavor trends forecast, which...
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Kroger joins grocers working to protect pollinators
Kroger will soon require all of its fresh produce suppliers to implement integrated pest management practices Kroger has joined Whole Foods, Walmart, and Giant Eagle in an effort to protect...
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