Market News
More than expected wheat yield for next year
Date: 2009-08-31 00:02:00
The International Grain Council (IGC) has changed its forecast for world wheat yield, from 654 million tonnes to 662 million for the 2009 – 2010 years. According to the organization’s...
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The Minister would support irrigation with state involvement
Date: 2009-08-28 00:04:00
Irrigation is not possible without state involvement, stated Gráf József, Minister of Agriculture. Its lack, brings the domestic participants a disadvantage, compared to other countries in agriculture. While in the...
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Germans are optimistic, confidence in the euro area
Date: 2009-08-28 00:03:25
The GfK market research institute’s the value of the German consumer sentiment index in September increased to its 15-month peak. Conference Board's composite index for the euro area economy increased...
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Kopint-Tarki: this year, a significant decrease in agricultural production
Date: 2009-08-28 00:03:00
This year, 8-10 percent decline in agricultural production can be occured compared to last year – said Szabó Márton the lead researcher of Kopint-Tarki on a press conference. According to...
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Beekeepers closed a bad season because of weather
Date: 2009-08-28 00:02:00
This year, because of the extreme weather the producer price of honey has been increased. The beekeepers at the end of the season are less visited by the thieves, in...
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Germany has thrown back to second place due to the crisis
Date: 2009-08-28 00:01:10
In the first half of the year, China took the world's largest exporter title away from Germany. According to the datas of the World Trade Organization, China's sold 521.7 billion,...
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Hungarian cheese is being falsified
Date: 2009-08-28 00:00:55
It is estimated that only one third of the farmers offer their own product to customers. The others others trying to sell, unknown origin products. According to the farmers, many...
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The Hungarian wine drinker
Date: 2009-08-27 08:00:00
Wine is a traditional drink in Hungary. Nearly half of the population over the age of 18 drinks wine. 20 percent of our compatriots drink wine at least once a...
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Printing companies and packaging
Date: 2009-08-27 08:00:00
There are still great differences between Western Europe and Hungary concerning printing services for packaging. – On the domestic market, it is mostly small ”garage” companies offering printing services to...
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Price continues to dominate
Date: 2009-08-27 08:00:00
As discounts, especially Aldi and Lidl are strengthening, more people become acquainted with New World wines in the HUF 600-800 price category. In the medium term, these will be competitors...
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Price increase lowest in the food industry
Date: 2009-08-27 08:00:00
In comparison with the previous month, domestic industrial sales prices increased by 0.9 percent in June; compared with June 2008 they grew by 2.1 percent. KSH’s report reveals that in...
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Flying their own flags, Part 2
Date: 2009-08-27 08:00:00
Wine is not a characteristic element in the system of private label products, but Tesco pays special attention to shaping this product selection. The chain’s Hungarian experts select Hungarian private...
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Strengthening forint slows down meat imports
Date: 2009-08-27 08:00:00
Agricultural Economics Research Institute (AKI) monitors and regularly publishes the world’s poultry and fruit/vegetable product trends. Their latest report reveals that the price of Hungarian slaughter pigs decreased early July....
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Sliced and whole salami, flavouring – in-store sales are stable
Date: 2009-08-27 08:00:00
In terms of value, sausage and salami retail sales grew in parallel with all meat products in thee July 2008-June 2009 period, compared to the same period a year before....
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Waiting for the nadir
Date: 2009-08-27 08:00:00
According to economic projections by GKI Gazdaságkutató Zrt. and Erste Bank, the worse is yet to come for the Hungarian economy, with GDP expected to decrease to 6.5 percent. Agriculture...
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Deli counter meat product sales are revitalising
Date: 2009-08-27 08:00:00
Despite lobbying by the Hungarian Meat Industry Federation, meat products were not included on the list of products with a reduced VAT. Although the 5 percent increase is not catastrophic...
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Hungarian households switch from ”A” to ”B”?
Date: 2009-08-27 08:00:00
According to data by Gfk Hungária, in the first quarter of 2009 we bought 7 percent less daily consumer goods than a year before. Brands with a higher price level...
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Less sausage and salami sold in the first four months
Date: 2009-08-27 08:00:00
Gfk Hungária’s data indicate that Hungarian households purchased less sausage and salami than a year ago. In the first four months of 2009 sausage sales went down by 7 percent,...
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Hungarians not taken to shopping malls yet
Date: 2009-08-27 08:00:00
According to a survey conducted by Gfk in June 2009, Hungarian shoppers prefer separate shops to shopping malls. 83 percent shop in the store type they like the most. More...
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High quality sells better
Date: 2009-08-27 08:00:00
Nielsen Retail Index reveals that lemon juice retail sales grew by 13 percent in terms of value in June 2008-May 2009, compared to the previous period a year before. The...
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Price increase slowing down
Date: 2009-08-27 08:00:00
In June consumer prices augmented by 0.1 percent, totalling at 3.7 percent higher than in the same period of 2008. According to a report by KSH (Central Statistical Office), there...
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Lemon juices are in top condition
Date: 2009-08-27 08:00:00
Trying to eat healthier opened the way for a more creative usage of lemon juices. Another significant step forward has been taken in packaging. New designer bottles gradually replace the...
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Half of the unemployed have been looking for work for more than a year
Date: 2009-08-27 08:00:00
In the second quarter of 2009, the unemployment rate was 9.6 percent, with 3,797,000 people being employed and 402,000 unemployed in the 15-64 age group. Compared to the second quarter...
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The price of shopping
Date: 2009-08-27 08:00:00
The communications war between Hungary’s two FMCG giants, Tesco and Spar keeps raging. A few weeks ago, Spar filed a complaint against Tesco at the Hungarian Trade Association’s Ethics Committee...
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Mouth care brands expand with specialties
Date: 2009-08-27 08:00:00
Sales expectations in the mouth care product category focus on keeping up the present level. Toothbrush is the leading segment of innovation, but toothpaste and mouth wash novelties are also...
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Average wage increase at 1 percent
Date: 2009-08-27 08:00:00
In the first five months of 2009, the gross average wage 1.4 percent higher than a year earlier; in the case of net wages the increase was 1 percent. KSH’s...
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We are No.1 in CSR in the region
Date: 2009-08-27 08:00:00
Based on the CSR 24/7 evaluation Hungarian and Polish companies did the best. Bulgarian and Romanian companies were also analysed. Magyar Telekom occupies the number one spot on the Hungarian...
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100 ml tubes strengthen on an expanding market
Date: 2009-08-27 08:00:00
Retails sales of toothpaste augmented by 6 percent in July 2008-June 2009, compared to the previous period, surpassing HUF 10 billion. In terms of quantity, the market did not change....
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Foreign markets – Czech Republic
Date: 2009-08-27 08:00:00
According to Nielsen’s Prague affiliate, FMCG retail sales growth is slowing down in terms of value in the Czech Republic. Supermarkets’ share surpasses that of discount stores. Last March-April FMCG...
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