Market News
A new president leads the National Food Chain Safety Office
As of August 23, Imre Nemes will assume the post of president at the head of the National Food Chain Safety Office (Nébih), Márton Nobilis, the state secretary responsible for...
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The popularity of plant-based milk alternatives has been unbroken for many years
It’s not surprising that among dairy alternatives, cow’s milk is the least sustainable in terms of its associated carbon dioxide emissions and water consumption. However, the sustainability of plant-based milks...
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The price of pork will continue to decrease
A few weeks ago, Zoltán Fórián, the Chief Agricultural Expert of the Erste Agrar Competence Center, predicted a shift in the pork market for September. As we enter the latter...
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Consumer sentiment worsened in August in the Eurozone and the EU as well
In August, instead of the expected improvement, consumer sentiment in the Eurozone worsened, according to Wednesday’s report based on preliminary data from the European Commission’s Directorate-General for Economic and Financial...
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American economic activity grew at a decreasing rate in August
US economic activity grew at a decreasing rate in August based on the preliminary values of the Composite Purchasing Managers’ Index (BMI) published on Wednesday by the economic research institute...
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Tourism is on the rise, they will not raise prices in Budapest’s spas any longer
This year’s beach season was constrained by the cold and stormy early-season weather, but alongside the increasing foreign tourist influx, the guest numbers and revenues of Budapest’s historic baths have...
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Ecologists: the quality of European fresh waters is not improving
According to a new international study published with the cooperation of Hungarian researchers, the growth of biological diversity in European fresh waters has stopped, therefore the attention of decision-makers is...
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Almond remains the number one nut in new product introduction for the eighth year
Almonds have been pegged as the number one nut in European product introductions for the eighth consecutive year, data from Innova Market Insights indicates. Almonds appeal to consumers who seek...
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Croatian minister: they are considering increasing Ukrainian grain exports through Croatia
Croatia is considering increasing Ukrainian grain exports through the country, one of the “limiting factors” of which is the capacity of the Vukovar port in eastern Croatia, Maritime, Transport and...
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Kaufland Bulgaria Invests €11m To Upgrade Stores
The project includes a number of improvements on existing facilities and the implementation of technological innovations, Kaufland said. The retailer is giving priority to solutions aimed at improving the overall...
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Ferrero to expand New York ice cream plant, add more than 200 jobs
The sweets giant said the project underscores its long-term growth and leadership in the novelty category following its purchase of Blue Bunny and Halo Top maker Wells Enterprises. Ferrero’s Wells Enterprises ice cream...
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To the last crumb
What a joy it is when we can return home with freshly baked, still hot, fragrant baked goods from the bakery! Or we can’t stand it and bite into it on...
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The big question of autumn: can the price competition between stores be renewed?
Since the introduction of the price watcher, a significant decrease in prices has been observed in stores. The big question for the autumn is whether the price competition can renew...
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KIM: innovation must be protected in the markets with industrial property rights
The protection of industrial rights is also important because innovations must not only be created for the sake of the competitiveness of the Hungarian economy, but they must also be...
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Rice varieties with low water requirements were produced by MATE specialists
Specialists of the Hungarian University of Agriculture and Life Sciences (MATE) have produced low-water rice varieties at the Galambos Rice Experimental Plant in Szarvas, MATE told MTI on Monday. The...
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Moroccan inflation fell to a 17-month low in July
Consumer price inflation in Morocco slowed to a 17-month low in July. Morocco’s High Commission for Planning (Haut Commissariat au Plan – HCP) announced on Tuesday that annual inflation in...
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Without water, there is no gold medal
Adequate fluid intake is essential for the optimal functioning of our body, which we must pay attention to even during hobby sports, but it can significantly affect performance in competitive...
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The quantity of pork sold on the international market decreased by 10 percent, while its value increased by 18 percent
According to an August analysis by the United States Department of Agriculture (USDA), US pork production may decrease by 1 percent in the third quarter of 2023 compared to the...
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Nébih: cat litters are safe
Cat litter was examined by the National Food Chain Safety Office (Nébih), the tested products were safe, there were no problems with the presence of mold and microorganisms, but a...
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It’s time, livers! – Another application opportunity has opened up
Another popular product has become available to applicants. This time, the Hungarians and their producers have the opportunity to win the Excellent Quality Food mark. But you should be careful, because...
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LG presents its latest built-in kitchen appliances at the IFA exhibition
At IFA 2023, LG Electronics (LG) will present its built-in kitchen products that represent a new level of culinary experience. Equipped with energy-efficient, elegant design and user-friendly functions, the product...
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The live weight producer price of broiler chicken is still higher than the 2022 data
According to AKI PÁIR data, the live weight producer price of slaughter chickens in Hungary rose by 28.7 percent to HUF 504.71/kilogram, and that of slaughter turkeys by 34.2 percent...
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HelloFresh introduces ready-to-eat service Factor to Europe
HelloFresh Group has expanded its ready-to-eat brand, Factor, to the Netherlands and the Flanders region in Belgium. Other countries on the continent will follow suit. “Bringing Factor to Europe is...
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Unilever’s Dove Launches Limited-Edition Smoothie Range
Unilever’s personal care brand Dove has unveiled a series of limited-edition smoothies, in partnership with US firm Juice Press, which are ‘inspired by the indulgent ingredients and creamy, nourishing feel...
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Severe frost damage decimated this year’s peach crop
The spring frosts caused significant damage to the peach plantations in Hungary, so a much weaker than average harvest is expected this year, according to the joint overview of the...
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Retailers face £1.8bn in yearly costs for bottle recycling scheme
The government’s net zero bottle recycling scheme could cost retailers at least £1.8bn a year, according to calculations by the British Retail Consortium. The industry analysis suggests that the Deposit...
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Summer inspection: there were no problems with organic producers, but the authority “caught” illegal drone plant protection service providers
During the renewed and expanded summer seasonal inspection in 2023, the drone plant protection officers and organic farmers were also closely checked by the plant protection inspectors. The tests ended...
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MNB: the balance of payments surplus continued to grow
The current account surplus increased by EUR 152 million from EUR 396 million in May to EUR 547 million in June, according to the latest preliminary data of the Magyar...
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In Germany, producer prices fell in July on an annual and monthly basis
Producer prices in Germany fell more than analysts’ expectations in July both year-on-year and month-on-month, the German Federal Statistical Office, Destatis, announced on Monday. German producer prices fell by 6...
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This is how Hungary can win in the competition for foreign workers
Legally employed Asian workers are currently arriving in Hungary en masse, and the rate of growth may become even faster in the coming years. However, the recruitment and retention of...
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