Market News
The producer price of red onion remains well below last year’s
According to KSH data, the yield of red onions in the last five years ranged between 38.5 and 58.2 thousand tons. In 2023, it produced 13 percent more red onions...
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Kaufland works on innovative and sustainable packaging solutions
Last year German retailer Kaufland modified the packaging of many private label products to save resources, in line with its belief that as a food retailer it must take responsibility...
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The advance payment of agricultural subsidies begins today
The payment of advances for direct subsidies and individual rural development measures will begin on Wednesday, and farmers will be able to access HUF 321 billion by the end of...
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European Commission demands information from Temu on counterfeits
The European Commission has demanded more information from Temu, as it suspects the Chinese platform of not taking sufficient action against the sale of counterfeit and unsafe products. Temu has...
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Diageo to expand factory in Indonesia
The construction will add 8,800 square metres to the spirits production site in Tabanan, Bali. Diageo is expanding a spirits manufacturing facility in Indonesia that supplies a clutch of markets...
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Bird flu has appeared in two new counties
The laboratory of the National Food Chain Safety Office (Nébih) also detected the presence of bird flu in Fejér and Hajdú-Bihar counties. The stocks are being liquidated. Adherence to epidemic...
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Aldi Nord launches cash withdrawal service in Germany
From 14 October 2024, Aldi Nord allows customers to withdraw cash at the checkout in all its stores in Germany. Under the service shoppers will be able to withdraw up...
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Compared to last year, the yield of corn fell by a quarter
The domestic corn harvest this year is expected to be around 5 million tons, 15-20 percent less than a year ago. In addition to the falling average yield, fungal infection...
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KSH: industrial production fell by 9.5 percent in August
In August 2024, the volume of industrial production was 9.5 percent, or 4.1 percent less than a year earlier, adjusted for the working day effect. The significant difference compared to...
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VOSZ: minimum wage of 1,000 euros and an average salary of 1 million
Under the current circumstances, employers cannot generate and pay for the wage cost increase resulting from wage increases at a forced pace, which is far removed from productivity and cannot...
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Many products are expected to become more expensive due to the drought
This year’s drought summer dealt a heavy blow to Hungarian agriculture, causing significant crop losses for several crops. Speaking to Pénzcentrum, the editor-in-chief of the Agrárszektor, Lajos Braunmüller, said that...
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GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are about the changing world order, the rise of new superpowers and new sources of growth, which have a great impact...
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The GDPR was nothing in comparison: the deadline for the creation of the NIS2 framework is approaching
Due to increasingly frequent cyber threats, the European Union drafted the NIS2 cyber protection directive in January 2023, which affects thousands of companies in Hungary alone. Hungary was one of...
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Wage growth in the IT sector continued in 2024, both domestically and internationally, and it will be no different next year
The salary trends experienced in the IT sector will continue to show growth in 2024, both in Hungary and internationally. The salary of Hungarian IT specialists has increased compared to...
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Hybrid working generates significant technological investments
Business technology spending is on the rise as executives look to make the most of hybrid working opportunities, according to new executive research from the International Workplace Group. According to...
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In the UK Tesco partners with The Guardian’s gourmet app
Tesco is launching the new “Feast” app from The Guardian with Tesco Finest products, bringing a modern approach to culinary culture. The partnership will be supported by a six-month integrated...
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Slovak-Hungarian cooperation in the protection of biodiversity
The Slovak National Agricultural and Food Industry Center (NPPC) together with the National Center for Biodiversity and Gene Preservation (NBGK) won support for the implementation of the project “Support for...
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Too Good To Go is fighting food waste in Australia too
Too Good To Go is now aiming to reduce food waste in Australia, where 7.6 million tonnes of food ends up in the bin every year, causing serious environmental and...
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NGM: the number of successful businesses with female management is increasing
The number of successful businesses with female management is increasing – stressed László Hunyadi, the Deputy State Secretary responsible for business development of the Ministry of National Economy (NGM) on...
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The Hungarian M&A market is gaining momentum
Despite the geopolitical uncertainties, the domestic transaction market remained active, according to EY’s recent report evaluating corporate mergers and acquisitions (M&A). Although the number of transactions decreased, their estimated value...
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On a winding trajectory
2023 was more predictable for the poultry market than 2022 had been. However, the effects of the inflation in 2022 haven’t gone away without a trace: retail sales aren’t yet...
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Game spotting
This article is available for reading in Trade magazin 2024/10 Retail trade continues to show a keen interest in game meat products and consumers are also becoming more open, according...
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Arla launches free milk ATM to mark Fareshare partnership
Arla Foods has launched the UK’s first free milk ATM in a London pop-up collaboration with Fareshare, to raise awareness of dairy poverty. Dubbed ‘The Milk Bank ATM’, the innovative...
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Kaufland Slovakia emphasizes local ranges
Kaufland shows its support for domestic Slovak producers. Industry reports show a general decrease in the share of national products on the shelves of large retail chains. Legislators repeatedly discuss...
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Soccer star Harry Kane invests in porridge-maker 3 Bears
England soccer star and Bayern Munich striker Harry Kane has invested in porridge manufacturer 3 Bears, launching his first ever business venture in Germany. Kane, who has been playing in...
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Tesco Ireland Invests €200m In Irish Supplier Partnerships
Tesco Ireland has invested over €200 million in renewals and expansions, as it redoubles its commitment to multi-year partnerships with Irish suppliers. Ireland’s number-two retailer has announced that it will...
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Growing international interest in Hungarian-developed products with reduced deuterium content
With the support of the Hungarian Export Development Agency Nonprofit Zrt. (HEPA), HYD Rákkutató és Gyógyszerfälzejő Kft. participated in the world’s most important pharmaceutical industry event, the CPhI Exhibition, which...
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The price of butter has risen to a record high in Europe: bakeries and confectioneries face challenges
The price of butter has set a historic record in Europe, which presents serious challenges to bakeries and confectioners, especially in preparation for the upcoming Christmas season. Several factors are...
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The price of root parsley in Poland is at a historic high
At the beginning of October, there was a slight price drop in the root parsley market in Poland. Even though prices have decreased somewhat, vegetable prices are still at historic...
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Dramatic decrease in rapeseed area in Hungary
The cultivation of autumn rapeseed shows a significant decline in Hungary. While in 2018, the rapeseed area was 330,000 hectares, this year it is expected that it will not even...
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