Market News
More milk and fish, but less fruit and potatoes were consumed in 2007
Date: 2009-07-07 00:08:00
According to the Central Statistical Office, food consumption per person was a total of 61 kg in 2007. The domestic meat consumption in 2007 was 63 kg per person. The...
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Melon market works well
Date: 2009-07-06 00:14:00
Due to co-operation of the Hungarian Melon Association and the HungarianFruit-Vegetable Marketing Organization (FruitVeB) previous years' disturbances on melon market has been eliminated this year. According to Mártonffy Béla, Executive...
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Apricot directly from the producer
Date: 2009-07-06 00:09:00
Although this year's apricot season started with high prices, Tisza-side producers continued their fruit offers in the capital. After strawberries and cherries, now they are selling apricot directly to consumers,...
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Euro zone retail decreased
Date: 2009-07-06 00:05:00
The retail sales in the euro zone decreased in May higher-than-expected despite the April growth. Turnover decreased by 0.4 percent in May. The annual rate also decreased above the expected...
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This year, EU's grain production will decrease
Date: 2009-07-06 00:03:00
According to the new forecast of Coceral which is the Organisation of Producers, it is expected that 285.27 million tons of grain will be harvested this year in the European...
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Agriculture Ministers and the EU, believe that freshwater and pond fishing is the future
Date: 2009-07-06 00:01:00
Fishing is one of the most promising sector in agriculture. According to Ministers of the EU, freshwater and pond fishing has a greater option than sea fishing – said Gráf...
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Retail food sales increased in value, but decreased by volume
Date: 2009-07-03 00:24:00
According to Nielsen market research company, retail food sales increased by 5 percent betwen June 2008 and May 2009 compared to the same period of the previous year, while volume...
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Hungarian manufacturing industry continues to decline
Date: 2009-07-03 00:23:00
The seasonally adjusted volume of the Purchasing Manager Index (BMI) is 45.8 percent in June, which is 0.4 percentage points higher than the to 45.4 percent volume of May, but...
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Cafeteria – after the tax changes
Date: 2009-07-03 00:20:00
Cafeteria providers, will not migrate out of Hungary but the expected decline in revenues will force them to re-design their cost structure and services. According to Rajné Adamecz Ildikó, partner...
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Swiss chocolate is still popular
Date: 2009-07-03 00:02:00
Switzerland remains a major consumer of chocolate and chocolate-exporter The total turnover of Swiss chocolates increased by 9.3 percent, exports increased by 11 percent in 2008. According to Chocosuisse, which ...
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Preferential loan to agricultural businesses
Date: 2009-07-02 00:24:00
Regulation of the Ministry of Agriculture allows institutions to help the agri businesses with preferential guarantees. At Garantiqa Loan Guarantee Ltd. applications have already been prepared for the reception. Discount...
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Economic index of GKI rises for two months
Date: 2009-07-02 00:23:00
After the stagnation of April and the fall of October 2008, the GKI Economy Research Institute's economic index increasing for two months. According to GKI Economy Research Institute; the prospects...
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According to EU, the U.S. genetically modified corn is not harmfu
Date: 2009-07-02 00:02:00
The European Union's Food Safety Agency (EFSA), reaffirmed that the genetically modified MON 810 corn, banned in a number of EU countries is not harmful to human, animal health and...
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Code or law?
Date: 2009-07-01 08:00:00
The Food Product Code should have come into effect on 1. July. However, an enquiry has been launched by the Competition Office upon suspicion of the Code being contradictory to...
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IT sneaking into stores unnoticed
Date: 2009-07-01 08:00:00
In modern stores, we are becoming users of sophisticated IT systems without even noticing it. In some countries, advanced digital systems have already invaded stores, with IT systems making shopping...
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Price riddle
Date: 2009-07-01 08:00:00
Farmers always seem to have problems. This year, it’s the draught, which is estimated to have caused a loss of one hundred billion forints so far. According to irrigation experts,...
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Decreasing volume, improving balance
Date: 2009-07-01 08:00:00
Exports totalled HUF 1,381 billion in April 2009, while imports totalled HUF 1,256 billion. Export was down by 29 percent calculated in EUR, while import was down by 35 percent...
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Changes in sales of the top 12 chemical categories
Date: 2009-07-01 08:00:00
Sales of 60 household chemical and cosmetics categories are monitored by the Nielsen Retail Index. Changes between May 2008-April 2009....
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Europe economising
Date: 2009-07-01 08:00:00
According to an Eurostat estimate, retail sales were down by 3.1 percent in the EU-27 countries in March 2009, compared to the preceding March. Growth was only recorded in Belgium,...
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Arcandor in a mess
Date: 2009-07-01 08:00:00
Arcandor the owner of Karstadt which is one of Germany’s oldest chain of stores asked for bankruptcy protection. Prior to this, the German Government rejected Karstadt’s request for a 440...
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Imported swine cheaper than domestic swine
Date: 2009-07-01 08:00:00
Trends in the world markets of poultry and gardening products are monitored by the Agricultural Business Research Institute (AKI). According to their latest report, prices of and demand for poultry...
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Asda in Scotland
Date: 2009-07-01 08:00:00
UK retailer, Asda, has announced plans to expand within Scotland, investing over €300 million the next three years. It currently has 47 food stores, and will open a new “eco...
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More frequent shopping, lower basket values
Date: 2009-07-01 08:00:00
According to recent research conducted by GfK Hungária, basket values have dropped while the frequency of shopping has increased. Slow changes in shopping habits have been amplified as a result...
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Possibility of revival for Hungarian gardening
Date: 2009-07-01 08:00:00
Gardening is the most diverse sector within agriculture. A program for the modernisation of the gardening sector has bee prepared by FruitVeB (the Hungarian inter-trade fruit and vegetables organisation). According...
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Economising focused on processed foods
Date: 2009-07-01 08:00:00
According to a household survey by GfK Hungária, FMCG spending by households was down by 3.5 percent in the first quarter of 2009, compared to the same period in 2008....
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Grain at almost half price
Date: 2009-07-01 08:00:00
Average supply price of agricultural products was down by 26.8 percent in March 2009, compared to the same month in 2008. The price of plant products was down by 35.1...
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Still double digit expansion – in terms of value
Date: 2009-07-01 08:00:00
Retail sales of table margarine were up by 16 percent in the April 2008-March 2009 period, compared to the preceding year, with total sales exceeding HUF 14 billion. Average price...
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Food industry holding its ground
Date: 2009-07-01 08:00:00
Industrial production was down by 27,1 percent in April 2009, compared to April 2008. The industrial production index was down by 5,1 percent compared to the previous month. Industrial export...
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Innovations in margarine dedicated to functionality
Date: 2009-07-01 08:00:00
Baking margarine is the segment of the rather saturated margarine market where expansion can be expected as many consumers are turning to cooking at home. The number of categories in...
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