Market News
Grain prices halved
Date: 2009-03-05 08:00:00
The supply price of agricultural products was down by 22,6 percent in December 2008, compared to December 2007. The price of plant products was down by 38 percent, while that...
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Weak HUF good for only a few
Date: 2009-03-05 08:00:00
According to Tamás Éder, chairman of ÉFOSZ, the weakness of the HUF will only benefit a very limited number of food processing enterprises. In his opinion, it is unlikely that...
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Washing hair no longer enough
Date: 2009-03-05 08:00:00
The hair care market is still dominated by shampoos but balsams have also been producing dynamic growth for years and sales of conditioners also began to soar last year. Demand...
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Romania still enjoying growth
Date: 2009-03-05 08:00:00
According to an estimate by Eurostat, retail sales in the EU-27 countries were down by 0.2 percent on average, and by 1.5 percent in the Euro zone in November 2008,...
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Market expanding, growth for milk chocolate
Date: 2009-03-05 08:00:00
Retail sales of Easter sweets rose again last year. Sales were up by 7 percent in terms of quantity, and by 22 percent in terms of value. Total sales were...
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Key factor for new products: proportion of people who try it
Date: 2009-03-05 08:00:00
According to Jonathan Banks, research director of Nielsen UK, there are three factors influencing the development of new products at present: consumer confidence, the expansion of private labels and the...
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Fat producing highest price rise
Date: 2009-03-05 08:00:00
In January 2009, consumer prices were up by 0,6 per cent on average compared to December and by 3.1 percent compared to January 2008. Food prices were up 2.2 percent,...
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Branded rabbits and eggs in leading role
Date: 2009-03-05 08:00:00
Quality is the trend among seasonal sweets. Manufacturers of branded milk chocolate figures won’t have much to worry about this Easter. Last year, real milk chocolate accounted for three out...
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Trendy foods
Date: 2009-03-05 08:00:00
Trends have a substantial influence on shopping decisions. Such trends also have the power to change consumer habits and the structure of demand for good. The effects of trends can...
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New orders for processing sector down by a quarter
Date: 2009-03-05 08:00:00
Industrial production was down by 12 percent in November 2008, compared to November 2007. Production in the first 11 months of 2008 was up by 0.4 percent compared to the...
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Almost 2/3 of chemical artikels are sold in hypermarkets and drogeries
Date: 2009-03-04 07:08:00
Last year the total retail sales of households chemicals and cosmetics grow by 3% to HUF 300 billion, but in volume it was 2% less as a year before. According...
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Hungary food safety authority gives all-clear on supplement scare
Date: 2009-03-04 06:27:00
Hungary has not imported any food supplements containing nimesulide, a substance known to be hepatotoxic, the Hungarian food safety authority (MEbiH) told MTI. Sweden recently informed the European Commission through...
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Only half of developing came true in 2008
Date: 2009-03-03 12:51:07
According to property consultancy ESTON International there was no handover of new retail properties in Budapest in 2008, and several developers experiencing financial trouble delayed or even stopped projects. At...
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GDP growth under 1%
Date: 2009-03-03 12:31:44
The slowdown of economic growth over the year continued in the last months of the year with the decrease of production and use. According to the common flash estimate of...
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Sales prices of industry growing
Date: 2009-03-03 12:24:47
According to Hungarian National Statistical Office the domestic sales prices of industry rose by 0.9% in January 2009 compared to the previous month and were 4.4% higher than in January...
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HUF 350 bln for R+D in Hungary
Date: 2009-03-03 12:15:35
A map of the subsidies was published by R+D minister Károly Molnár at a symposium. About HUF 350 billion in grant money to support research and development as well as...
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Competition Commission to introduce code to protect supermarket suppliers
Date: 2009-03-03 12:13:57
The Competition Commission in the UK will introduce a new code of practice for supermarkets to enhance competition and ensure the fair treatment of suppliers. After investigations last year the...
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Drastic Sales decreasing in Lithuanian
Date: 2009-03-03 11:10:22
Sales at food retailers were down 10.2% year-on-year, while non-food retailers suffered more, with sales down 20.6%. Sales at Lithuanian retailers in January slumped by 27.2% on a year-on-year basis...
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U.S. consumer spent more in January
Date: 2009-03-03 10:35:42
The January gain followed a drop of one percent in December 2008 and was even better than the 0.4 percent increase that economists had expected. U.S. consumer spending rose 0.6...
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The value of GKI’s economic sentiment index has been falling
Date: 2009-03-02 06:28:39
According to the survey conducted by GKI Economic Research Co. with the support of the European Union, business expectations deteriorated even more sharply in February than in January, whereas the...
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Less coffee consumption decreasing as awaited
Date: 2009-03-02 06:23:05
Valdo Café made a survey between its 100 big clients about the effects of the financial crisis on coffee consumption in Hungary. According to the survey there is a small...
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Retail investments increased in 2008
Date: 2009-03-02 05:21:26
The annual value of investments came to HUF 4791.5 billion at current prices. Within this HUF 1835.2 billion were spent on investments in the fourth quarter of 2008. According to...
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Returnable packaging contra selective waste collection
Date: 2009-03-02 05:14:07
There are several methods in the EU for collecting of packaging waste. Öko-Pannon Kht. and Ministry of Environment and Water organised a conference about this. The participants of the event...
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Lidl Seeks to Repair Image
Date: 2009-03-02 05:04:00
Europe's biggest discount supermarket chain is trying to fix its image after last year's revelations that it spied on staff. In an interview with SPIEGEL ONLINE, Lidl's purchasing chief Robin...
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Subvention cut is misproportioned – assures the Hungarian Chamber of Agriculture
Date: 2009-03-02 04:55:11
The organisation said the government encroaches on principle of proportion and equitableness. The chamber asks for extending the quarantee of the government for agricultural integrators. The Hungarian Chamber of Agriculture...
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Antitrust fine on pasta makers in Italy
Date: 2009-03-02 04:23:00
The Italian antitrust authority has fined 26 pasta manufacturers a combined total of E12.5m, for practices that were said to be impeding competition. The regulator said the companies, along with...
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Food Makers Pump Up Fiber Contents
Date: 2009-02-27 10:12:21
According to Datamonitor's Product Launch Analytics, the percentage of new food products touting high fiber contents is up in markets like the U.S. In the U.S., the percentage of new...
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Financial crisis speeded up the changes in consumption pattern
Date: 2009-02-26 10:44:39
Hungarians spent less in milk, processed meat and detergent categories, but gave the same for paste, cheese, yoghurt and hygienic supplies. According to think tank GfK, the negative tendence in...
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Hungarians bought more suppressed in December
Date: 2009-02-26 10:19:17
According to Hungarian Central Statistical Office's data, the volume of retail sales decreased by 3.9% in December, and by 2.1% in the whole year compared to the same period of...
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Hungarian Product Grand Prix 2009
Date: 2009-02-26 10:15:13
Companies can entry the competition till 22th Mai, this time in 16 categories. The inviters think, that the most important aspects of the 12th Hungarian Product Grand Prix: innovation, active...
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