Market News
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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Parliament accepted food product line laws
Date: 2009-07-01 00:15:00
On 29 June by extra procedure, the parliament accepted food product line laws without any votes against. The National Trade Association (OKSZ) protested in a communication. The law listing itemized...
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Hungarians spends 80 billion HUF on cheese
Date: 2009-07-01 00:12:00
According to Nielsen market research company; cheese is the food which has one of the biggest turnover. The retail sales of cheese are stable and, exceeds 80 billion HUF per...
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Drought and storm – the prospects of Hungarian wheat
Date: 2009-07-01 00:10:00
Because of the drought, harvest began before the traditional date this year, especially in the southern counties. Rainy weather has no crop increasing impact, in some places it can cause...
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Just a small increase in traffic before VAT increase
Date: 2009-07-01 00:09:00
Compared with the usual, small or no increase had been measured in traffic in the stores before the VAT increase of 1 July. According to Hackl Mónika Tesco's head of...
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Stable Fruit Consumption
Date: 2009-07-01 00:05:00
According to the Central Statistical Office; in 2007, food consumption per person was 194 kg, which is one of the lowest value of the decade. Fourteen percent was spent on...
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Firms do not save on training
Date: 2009-07-01 00:02:00
Four-fifths part of the companies did not reducted the expenditure on education in the past half year, despite the financial difficulties – reveals the survey of British Institute of Directors....
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Lapsing vegetables and fruits standards in the European Union
Date: 2009-06-30 00:28:33
From the 1st of July, despite protests of the big producers, the community level marketing standards for 26 different vegetables and fruits will be terminated. The EU regulated since the...
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Stagnant economy and rising unemployment
Date: 2009-06-30 00:25:57
According to Ecostat and Világgazdaság the economy stagnated in June. According to the datas of Central Statistical Office, the unemployment rate increased to 9.9 percent. The economy is still in...
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Chemical residue was found in peppers and strawberries
Date: 2009-06-30 00:15:00
The Levegő Munkacsoport (Clean Air Action Group) found chemical residue above the permissible limit quantities in peppers from Morocco and strawberries from Hungary. The civil organization investigated 17 strawberry and...
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USA – savings rather than consumption
Date: 2009-06-30 00:12:00
The deposits of commercial banks increased 1.7 percent and reached 7,500 billion USD in May. If the savings rate rises with the same intensity, a new recession could hit the...
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Since nine years there was not so many empty shops downtown, like in the 2008
Date: 2009-06-30 00:09:00
According to the mid-year survey of Ecorys Hungary international consultant company; the downtown business market faces the highest vacancy of the past 9 years. This year, 16.8 percent of the...
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Hungarian corn will be utilized by the European Union
Date: 2009-06-29 00:05:00
The European Union will utilize16 thousand tonnes of corn, from the 2004 and 2005 harvest probably cheaper than the intervention price. Offers should be submitted by mid-December 2009. The stock...
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Fair trade might be a subject to vote on Monday already
Date: 2009-06-26 00:25:41
The entire parliament has supported the bill about fair trade stating that it should depend on the agrarian minister's decision whether or not the competition authority should proceed in certain...
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National Commercial Association did not expect bill to be tabled
Date: 2009-06-26 00:20:00
National Commercial Association (OKSZ) disapproves the fact that members of the parliament have tabled a bill in connection with Food Codex prior to the agreement on 24th June. They are...
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A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009
Date: 2009-06-26 00:17:00
In April, retail sales continued to decrease at an increasing rate, showing a decrease in volume of 4.1% compared with last April. Compared to the previous month, the volume of...
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