Market News

The most body lotion are sold in drogeries

The domestic market of body lotion grow in volume by 8% in value by 7% between June 2007 – 2008.  Retail sale body lotion yearly in value of HUF 7...

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California AG Says Settles Potato Chip Lawsuit

California settled lawsuits against four potato chip and french fry makers after the companies agreed to reduce the levels of a cancer-causing chemical in their product.  H.J. Heinz, Frito-Lay, Lance...

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Next year Cocoa Prices to Rise Again

According to specialist the global cocoa market is set to remain in deficit for at least two more seasons and the average price should rise in 2009. With supply-side risks...

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June Retail Sales Fall in Germany

Retail sales in Germany fell by a worse-than-expected 3.9% year-on-year in June, after higher inflation eroded consumer purchasing power. The Federal Statistics Office added that sales, adjusted for inflation and...

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The forint is very strong

The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that this year both the internal and external equilibrium improve significantly and the Hungarian economy gets...

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Ukraine Sees 2008 Sugar Beet Crop 18 pct Down

Ukraine's sugar beet crop is likely to decline to a maximum of 14 million tonnes this year from 17 million in 2007, a top agriculture official was quoted. According to...

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HUF 16 billion for spices

According to AC Nielsen research company first of all the sale of paprika and the mixed spices grow between Februar 2007 and January 2008.The sales of spices increased by 9%...

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GKI Index on two-years’ top

In July the seasonally adjusted Business Confidence Index of GKI reached its highest value measured in 2008.   The survey of GKI Economic Research Co. (www.gki.hu) sponsored by the European...

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Pessimism in EU 15

Business and consumer confidence plunged in the 15 countries using the euro in July, hitting the lowest level in more than five years, the European Commission said.   Consumer confidence...

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June Retail Sales Show Rise in Sweden

There was a better-than-expected 3.3% growth year-on-year in June, indicating that the economy may have slowed slightly less than forecast in the second quarter. Sales were up 1.8% when compared...

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Wheat growers to wait, better to store

This year we have heavy crops, it will be more than 5.5 tons, what is wide over the average.Growers would get HUF 40-50,000/tons, but there is a big offer from...

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ALDI plans further expansion in Australia

Aldi has earmarked a sum of AUD1 billion for its expansion in Australia during the next three years.  Currently, Aldi runs 172 stores in New South Wales, Victoria, Queensland and...

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Brussels would modify the rules

EU Agriculture Commissioner Mariann Fischer Boel wants to scrap 26 of 36 marketing standards, the 10 remaining items account for 75 percent of the EU's cross-border trade in this area....

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Tenders for developing e-commerce

The authorithy extended the administration termin of GOP-2008-2.2.3 tender until year's end. The tender for implementig modern ERP-systems has been announced within the framework of the New Hungary Development Plan....

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The decrease of retail trade turnover continued

On production side, the main factor of economic growth was industry both last year and in the past period of this year.   However, the performance of the branch –...

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European Omega-3 Market to Grow 23.6% Per Year

The market was valued by researcher of Frost & Sullivan at USD 296 million in 2007 and is expected to hit the USD 1.3 billion mark in 2014.   Raw...

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(HU) Kampány a folyékony szappan ellen

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Safety of cloned animal products uncertain

The European Union's top food safety agency (EFSA) said cloned animal products may not be safe and further study was needed.  In March 2007, the European Commission — the EU's...

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Retail decreased in Mai

According to calendar adjusted data, the volume of retail sales decreased by 1.6% in May, and by 2.4% in the first five months of 2008 compared to prior-year levels.  ...

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Britons bought more in Mai

The highest increases were observed in the United Kingdom and Lithuania, and the largest decreases were in Spain, Latvia and Estonia.   According to a Eurostat first estimate, in May...

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Snack firms pledge obesity fight

More than £200m has been pledged by several food and drinks companies, including Coca-Cola, Kellogg's, Mars and Nestle, in a bid to tackle obesity.  The funding comes amid a plea...

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Record growth for UK's discount retailers

According to TNS Worldpanel, discount retailers now account for 5.9pc of all grocery spending in Britain. Aldi grew its market share by 19.5pc to 2.9pc over the period, while Lidl's...

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A Petrol Price War on Supermarket Forecourts

Morrisons began by slashing both unleaded and diesel by 4p a litre, Asda responded by cutting up to 3p a litre off both fuels at all its forecourts.   The...

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Dairy Farmers Plan Demonstrations in August

The farmers are discontent with the nowaday's supply price of milk. From year's beginning it droped almost 20%, forexample because of cheap milk prices of the supermarket chains.   Dairy...

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Record food safety warnings from EU

According to the annual RASFF report released by the European Commission, a total of 7,354 warnings of risks to human health from food and animal feed were sent to the...

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Arabica Coffee Prices to Rise

Arabica coffee futures are expected to rise by the end of the year, boosted by a weak U.S. dollar and the prospect of a cyclically smaller Brazilian crop in 2009/10,...

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First of all Parents and Ads Influence Kids' Culinary Habit

According to GfK's HealthCare research the questioned health visitors said the culinary practice of 6-14 years old children depends on the family and the advertisments.  The research company asked 100...

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