Market News

Super-premium coffee variant in the Nespresso selection

It took more than 20 years for Nestlé’ coffee experts to hybridise the finest Arabica varieties and create a new variant called N°20. N°20 espresso coffee has an exceptional taste...

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Investment promotion in Hungary is at its peak – the interest of foreign investors in the Hungarian economy is huge

With rural developments, industrial properties and premium offices with a volume exceeding that of the capital, Hungary is at the forefront of exhibitors at one of the world’s most prestigious...

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Nébih: Hungarian households are wasting less and less food

According to the fourth waste survey conducted by the National Food Chain Safety Office (Nébih), food waste in Hungarian households has decreased by 27 percent since 2016. The results of...

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Digitization on the agenda of the agriculture ministers of the Turkish states

The most important goal of the Organization of Turkish States (TÁSZ) is the increase of agricultural productivity and the closest and most effective cooperation in the field of agriculture –...

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Hungarian pálinka has also been included in the list of protected geographical indications in both the EU and Japan

In the framework of the economic partnership agreement between the European Union and Japan, another 42 EU and Japanese products have been added to the list of protected geographical indications...

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It is our shared responsibility to protect our land and water resources

Sustainable management of land and water resources is essential for achieving global food security, Minister of Agriculture István Nagy declared at the meeting of the European Committee on Agriculture of...

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Advance payments of agricultural subsidies will start in mid-October

Amidst the changes in the EU conditions for agricultural subsidies and the market difficulties, all financial assistance will increase in value, so after the conditions for advance payments have been...

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French prefer rosé to red wine

Rosé wine has risen in popularity with the French as young people are beginning to move away from traditional red wines and towards a glass of chilled pink throughout the...

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Joint V4 action against Ukrainian grain imports

Further joint steps against Ukrainian grain imports were agreed upon by the countries of the Visegrad Cooperation at the agriculture minister’s meeting in Znojmo, Czech Republic, where Hungary was represented...

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Switzerland’s Hero Group mulls future of domestic jam factory

The company is consulting with employees at the factory in Lenzburg. Swiss food company Hero Group is weighing up the future of a jam production facility in its home market....

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Billa And OMV Launch New Format In Czechia

Petrol station operator OMV and retailer Billa have launched a new food retail chain under the Viva Billa banner. The first Viva Billa store opened at the Strakonicka gas station...

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On the way to a sustainable food industry

By 2030, global food waste per capita at the retail and consumer levels must be halved, as well as food loss along the production and supply chains, including post-harvest losses,...

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GKI Gazdaságkutató Zrt. 2023/3. forecast for 2023

In the second quarter of this year, the Hungarian economy was already in recession for the fourth quarter, and this only happened in Estonia apart from Hungary in the EU....

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CÖF-CÖKA acts for the interests of food store employees

The Civil Solidarity Forum – Civil Solidarity Public Foundation (CÖF-CÖKA) is expanding its civil-focused interest protection activities to the actors of the food retail and wholesale trade, announced László Csizmadia,...

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Allianz Global Wealth Report 2023: The fun is over

Today, Allianz publishes its Global Wealth Report for the fourteenth time, which examines the wealth and debt situation of households in almost sixty countries around the world. 2022 was a...

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The world market price of wheat was pushed down by large stocks in Russia

Between August 4 and September 8, the world market price of wheat was pushed down almost everywhere by the large stocks of wheat in Russia. In Germany, due to a worse-than-expected...

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The operation of a slaughterhouse in Csongrád-Csanád County was suspended

The operation of a slaughterhouse in Csongrád-Csanád county has been suspended due to serious hygiene problems found during an on-site inspection, the National Food Chain Safety Office (Nébih) informed MTI...

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Reborn Hungarian agriculture

Hungarian agriculture is in a moment of rebirth, the most important message of which is that in order to maintain competitiveness, all players in the sector must change, regardless of...

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France and Germany want to ban shrinkflation

Both the French and German government want to ban shrinkflation. They call manufacturers reducing the content of products to camouflage price increases – at the very least – “misleading”. The...

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Aldi to boost expansion with £1.4bn investment as profits triple

Aldi is set to invest £1.4bn over the next two years to fuel its expansion across the UK. It comes as the discounter reported its operating profit had skyrocketed 196% to £178.7m...

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We can expect a weaker than average plum crop this year

According to KSH data, 34.9 thousand tons of plums were harvested from 7 thousand hectares in Hungary in 2022 (33.2 thousand tons were produced in 2021). According to experts, due to...

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Bacardi buys Ilegal to capture premium mezcal market

The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits. Bacardi Limited announced it is now the sole owner of Ilegal Mezcal. Financial terms...

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The level of insurance of companies has decreased

According to the latest series of insurance data published by the MNB, domestic insurance companies handled 186,800 corporate property insurance policies by the end of the first half of the...

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Conscious eating should start in childhood

Strengthening short supply chains is also a priority in public catering, said Dr.Márton Nobilis, State Secretary of the Ministry of Agriculture responsible for food industry and trade policy, at the...

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Apple Vision Pro will appear not only in the living room, but also in industrial halls

Apple Vision Pro was introduced almost four months ago, and so far there is no new news about the development beyond the parameters known at that time. There has already...

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The government is extending the mandatory promotion until the end of December

The cabinet first postponed this deadline until June 30, then until September 30, and with its current decision until December 31. In addition, the price of the previously price-stopped product...

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The European Commission limits added microplastics

On Monday, the European Commission adopted stricter measures aimed at limiting microplastics intentionally added to products as part of the European Union’s chemical regulation, the Brussels body announced. According to...

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Smart device payments are booming, with more than 5,500 transactions per hour

Payments with smart devices continue to show very vigorous growth at K&H. In the first eight months of this year, the financial institution’s customers processed an average of more than...

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Food preservation in the depths of the Mariana Trench?

The high hydrostatic pressure treatment (High Hydrostatic Pressure: HHP), as the process is called, is classified as a non-thermal preservation process, which attracted the interest of some researchers at the...

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We can expect a steep price increase for oranges and orange juice

A drastic increase in the price of oranges and orange juice should be expected, as severe hurricanes and diseases have damaged plantations in the world’s two largest orange producers, the...

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