Market News
Higher tax might blacken the food market
Date: 2009-05-27 08:00:00
The latest government measures are certain to have a rapid and deep effect on the food supply chain. The combination of reduced purchasing power and higher VAT will transform food...
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Let’s start again!
Date: 2009-05-27 08:00:00
As a drastic reduction has occurred in sources of financing available for companies since last autumn, a number of financing products subsidies by the government have been introduced to bring...
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Ideal co-operation between manufactures and agencies V. – You don’t have to believe everything (part 2.)
Date: 2009-05-27 08:00:00
This time, we are going to discuss certain aspects of merchandising activities in some detail, like equipment, supervision, remuneration. As we cannot expect merchandisers to send us an SMS at...
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Consumer preference for grilling stable
Date: 2009-05-27 08:00:00
The grilling season when the largest part of special sausages and spices are sold is near. Consumer enthusiasm for grilling remains stable with sales totalling 900 tonnes in the March...
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As offered by Budapest Bank
Date: 2009-05-27 08:00:00
We have asked Budapest Bank whether they see any interest by companies from the FMCG sector in government subsidised financing. UMFORG financing is only available to manufacturing enterprises and even...
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Prices are not the weapons used in the fight for consumers in the grill market
Date: 2009-05-27 08:00:00
Apart from the general decline in consumption and the colder summer, the expanding selection of marinades and grill brines pose a further threat to the market of grill products. On...
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Less money in our pockets
Date: 2009-05-27 08:00:00
Gross average income was down by 1.5 percent in the first two months of 2009, compared to the same period in 2008. Real income was down by 4.3 percent. Average...
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Market expanding in terms of both value and quantity
Date: 2009-05-27 08:00:00
Annual sales of spices, red paprika and flavourings exceeded HUF 18 billion in the April 2008-March 2009 period. Growth was 11 percent in terms of value and 2 percent in...
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Baltic retailers in trouble
Date: 2009-05-27 08:00:00
According to an estimate by Eurostat, retail sales were down by 3.4 percent in the EU-27 countries in February compared to February 2008. Only Poland and Belgium produced growth, while...
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Green spices bringing diversity into Hungarian cuisine
Date: 2009-05-27 08:00:00
Diversity in the use of spices is growing but this does not mean the end of red paprika. In fact it is still producing growth in spite of a substantial...
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Waiting for the grilling season
Date: 2009-05-27 08:00:00
International trends in the poultry and garden product markets are monitored by AKI. According to analysts working for USDA, turkey production and consumption is expected to drop in 2009. In...
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In May, the first time in a nine-month period the economic index of GKI has been improved.
Date: 2009-05-27 00:46:27
The seasonally adjusted values of the GKI consumer confidence index has been appreciably increased after last October’s fall and April’s stagnation. According to the survey of GKI Economic Research Co....
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Every third Hungarian purchases in small stores
Date: 2009-05-27 00:18:57
According to the datas of GfK Hungária, the long-term change in consumer habits, seems to strengthen due to the economic crisis. The number of high rate shopping has been decreased,...
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The European Commission to examine food shop prices
Date: 2009-05-27 00:01:00
It is observed in many European countries that the decrease in prices in the food market does not follow by a decline in consumer prices. While a large number of...
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Retail trade turnover has been decreased in March
Date: 2009-05-26 00:33:00
The volume of retail sales decreased by 3.6 percent in March, and declined with 3.2 percent in the first quarter compared to the same period of previous year – states...
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The small meat-processing companies are in hopeless situation
Date: 2009-05-26 00:30:00
Those domestic meat industries can survive the crisis whivc has own raw material production, has significant opportunities for domestic sales, and has export markets. The smaller companies working with imported...
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Economic Competition Authority inspects the ethical code of food
Date: 2009-05-26 00:21:00
The ethical code of food was signed by a number of professional organizations and associations in mid-April. The ECA started an inspection because of the suspicion is that there is...
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IFO index has improved, but not enough
Date: 2009-05-26 00:06:00
The IFO index reflecting the business mood in Germany increased to 84.2 points in May however, the improvement is less than the expected 85 points. he participants of the survey...
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Ghost malls in the United States
Date: 2009-05-26 00:02:00
The huge shopping malls established in the 50’s – which are the basic institutions of American consumer society – are empty, their number is decreasing. The groups operating the shopping...
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Cheaper loans for small and medium enterprises
Date: 2009-05-25 00:56:31
Government will allow small and medium-sized businesses to obtain government guarantees 25 percent cheaper, if they do not exceed the amount of credit last year's personal efforts. New chapters have...
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Pessimistic forecast of the Ministry of Finance
Date: 2009-05-25 00:53:34
According to the forecast of The Ministry of Finance, the private consumption decreses with 6-7 percent, exports decreases with 15 percent this year due to the deepening global economic crisis....
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The world's grain production will be lower than last year
Date: 2009-05-25 00:30:28
This year, 5.7 percent less wheat will grow on Earth, compared to 2008. The expected total weight will be 651 million tonnes. Accordingly, the prices are rising moderately – reports...
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During purchasing we take care about packaging
Date: 2009-05-25 00:07:25
According to the investigation of HUMUSZ, the majority of consumers believes that there would be a need of refilled drink packaging the need for the collection of discarded packaging. It’s...
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European economy showing positive signs
Date: 2009-05-25 00:05:55
European economy is showing signs of stabilization after shrinking at the fastest pace in at least 15 years in the first quarter. Markit’s manufacturing index rose to 42.4 this month...
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Internet and GPS, is also necessary to the AKG support
Date: 2009-05-25 00:05:00
From 1 June the new agri-environment support the AKG is available online. For the support the farmers will need a GPS – reports the Hungarian Chamber of Agriculture. The goal...
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EUFE suggest lower taxes for the hot food vouchers
Date: 2009-05-22 00:55:45
According to the Association of Food Voucher Distribution (EUFE) the 32 percent tax rate will result a drastic decline in consumption, therefore proposes a tax of up to a maximum...
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How we can stay healthy
Date: 2009-05-22 00:46:34
According to the recent survey of GfK Hungária: only one-tenth of the population cares about healthy nutrition. GfK Hungária and TÁRKI examined the public health, nutrition and purchasing habits. The...
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Increasing fruit prices
Date: 2009-05-22 00:43:10
The dry weather of the recent weeks reduces the horticultural production, so rising prices can be expected this year. Purchasers and processing plants have to deal with the threatening bankruptcy....
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Improved sentiment in the Euro zone
Date: 2009-05-22 00:03:43
In May, the Purchasing Manager Index has been increased to its eight-month peak exceeding the expectations of analysts and the rate of economic downturn, further decreased in the Euro zone....
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Café or Coffee Capsules
Date: 2009-05-21 00:39:54
The rising Colombian coffee prices do not increase the price of the black coffee in Hungary, it has a marginal role in the domestic merket. In Hungary the price of...
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