Market News

Domestic melon consumption accelerated

50 percent of the about 180 thousand tons of the produced watermelons were consumed by the Hungarians this year. Thanks to the successwful watermelon promotion, the domestic consumption increased significantly....

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Milk consumption can increase in long-term, in short term the sector's survival is at stake

Although according to the projections; domestic milk consumption can increase in long-term, it is unlikely to reassure the farmers of Somogy county – writes sonline.hu. Expensive feed, surging purchase prices...

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GFK: Schoolbags and notebooks sell well

In the current economic situation, a successful season is particularly appreciated, and the start of school is one of these times. The beginning of the school year opens up new...

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More than half of the population would not spend more than 10 000 HUF on school supplies

53 percent of the population is not willing to spend more on school supplies than 10 000 HUF, and 50 percent of those asked are waiting for a state support...

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Sales are distributed evenly

Spice retail sales grew by 1 percent in April 2010-March 2011, from the previous comparable period. Volume sales were down 1 percent on the HUF 13-billion market. In 2009 manufacturer...

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VAT on food will not reduce next year

In medium terms VAT on food, will not be reduced, the case was removed from the agenda of the government – reports Népszabadság. In the spring, the rural development ministry...

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Looking for the cheap, canned beers

The big losers of last year were the glass packed, and alcohol-free beers were, but overall, the total domestic beer market was shrinking in 2010, as in previous years. Within...

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Ministry of Rural Development: goose liver at the Anuga is a success for the Hungarian agricultural diplomacy

Diplomats in charge for the Hungarian agricultural information gathering and lobbying achieved to remove the ban on goose liver at the Cologne Fair trade – told the Ministry of Rural...

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ZEW-index: German economic sentiment fell

In August, a significant deterioration occurred in the economic sentiment in Germany – shows the survey of ZEW. The main index decreased from -15.1 points to -37.6 points (a level...

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More and more fast-food restaurants in Russia

The American fast-food restaurants have become a global phenomenon several years ago. China and India continue to be a rapidly developing market, but the industry finds a growing demand also...

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11 percent of the British retail spaces are empty

More than 10 percent of the retail spaces were empty at the end of May – told the British Retailers Consortium (BRC) on Monday. The organization's research found that an...

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Cheap Ukrainian wheat can break down the prices

The cheap Ukrainian wheat also occured in Hungary, after the traders of the EU applied for permits for the imports  of more than 1.6 million tons of grain in July...

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Magazine: margarine plays an important role in shopping frequency

Margarine retail sales declined by 3 percent in both value and volume in the April 2010-March 2011 period, compared with the same period a year before. The annual market was...

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Europe-wide srowth slowdown

As noted in our Eurozone Outlook update, forward-looking PMI indicators clearly signal a sharp slowdown ahead, including in core economies, as shown by the new-orders-to-inventory ratios in the manufacturing sector,...

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Private pension fund real-returns are in banks

A survey carried out on behalf of Budapest Bank and Budapest Alapkezelő found that Hungarian do spend their the real return of their private pension funds, but prefer to place...

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Compensation to Pécs-companies

The municipiality of Pécs is willing to pay compensation fee of 45 million HUF to 38 Pécs-based companies which needed to be closed temporarily due to investments of European Capital...

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Magazine: Consumers spread less margarine on their slice of bread

– Base material prices have grown like never before and as a result product prices augmented, so a difficult year awaits distributors – says Ágota Puskás, category operations assistant manager...

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HP cutting off PC department may affect upstream supply chain

As Hewlett-Packard (HP) decided to perhaps spin off its PC business, which contributes revenues of about US$40 billion, it is becoming more obvious that HP intends to turn its focus...

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Bakers do not plan price increases until the end of September

Bakers are waiting for the stabilizing of flour prices, but then the bread may become more expensive if production costs rise. Kurdi András, the President of the Hungarian Bakers' Associatuin...

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Domestic winemakers urging the strict quality control of imported wines

Domestic winemakers and the association of farmers ask for the intervention of the Ministry of Agriculture to repel the dubious origin import wines in order to defend the domestic grape...

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Morgan Stanley: the momentum of the global economy decreasing, business and consumer confidence declining

Morgan Stanley modified the expected global growth rate for this year from 4.2 percent to 3.9 percent. The correction was made with reference to the not appropriate policy reactions for...

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Without subsidies, the breeding of native species is impossible

Despite the expansion of mangalica and gray cattle products in trade, only the support can help the breeders of the local native animals to escape even without losses. Without the...

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Magazine: An increase in prices and more promotions characterised the wet condiment market

What is new on the wet condiment market? Well, premium brands managed to evade a significant decline in sales and private labels were getting stronger – only the medium category...

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National product basket for quality and award-winning products

The National Consumer Protection Authority (NFH) is scheduled to start its National product basket initiative in October – said Pintér István, director of the organization, at a press conference in...

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Association of Hungarian Bakers: 73 kilograms of bread consumed each year

Annually 73 kilograms of bread is consumed per capita – shows the datas of the Association of Hungarian Bakers. Two-thirds the sales volume is still white and half brown bread....

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Domestic beer industry declining since 2007

The crisis continued in the beer industry in 2010 – shows the datas of the  Hungarian Brewers Association. According to the document, the sales of the largest beer factories decreased...

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Worsening sentiment in the global economy

According to the WES survey (World Economic Survey of the Munich-based ifo Economic Research and the Paris-based ICC International Chamber of Commerce; The global business climate index deteriorated in the...

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Green light for fattened goose and duck products at the Anuga in Cologne

The event organizer, the Kölnmesse GmbH allows the presence of fattened goose and duck products at the Anuga exhibition in Cologne. The company previously – under pressure from extremist animal...

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Grape growers can get a good price

It seems that this year's harvest start with good prices. At the small region of Kiskőrös, 120 forints are paid for fragrant grapes. “Earlier this week, the purchasers came out...

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