Market News
Watermelon production area and production volume also increased
According to KSH data, 101.3 thousand tons of watermelons were harvested from 2.49 thousand hectares of production area in Hungary in 2022, which was 18 percent less than the amount...
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Straws made from paper can be harmful
Instead of banned plastic straws, restaurants now offer paper straws. But these can also be harmful to the environment and health, warns a group of researchers in the journal “Food...
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ULT expects a favorable Virginia tobacco crop this year
The acquisition of this year’s Virginia tobacco variety at Universal Leaf Tobacco (ULT) Magyarország Kft. began in the last week of August, according to expectations, the quality of the crop...
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Aldi to trial sensory-friendly shopping hours in UK stores
Aldi has revealed it’s trialing sensory-friendly shopping hours in select stores in the UK. From mid-August until the end of October, almost 100 Aldi stores across Derbyshire, Nottinghamshire, Lincolnshire and...
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Pepsi To Roll Out New Branding To Mark 125th Anniversary
Cola giant Pepsi will roll out its new logo and visual identity as part of its 125th anniversary celebrations. On the occasion, the company offered free Pepsi to everyone across...
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This year, 12.5 percent more corn can be harvested in the EU than last year
In the August projection of the United States Department of Agriculture (USDA), the 2022/2023. 2023/2024 indicates a global corn harvest of 1,214 million tons, exceeding the economic year by 5...
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Summer seasonal inspection: focus on gyros and grilled products
Restaurants selling gyros and products for home grilling: “natural” chicken meat, as well as already marinated and seasoned meat, as well as grill trays, were inspected by food safety experts...
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Global food inflation may increase further due to the situation in India
In the current year, India’s monsoon season raises serious concerns due to its deficient rainfall and the accompanying drought. The most populous country in the world has not seen such...
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Consumers are no longer looking for heavy red wines
Extreme weather conditions and changing consumer habits pose significant challenges to Bordeaux winemakers. Many feel that production is no longer profitable, leading some to dismantle vineyards and seek compensation from...
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Mol has completed the sale of 39 filling stations in Slovenia to Shell as part of its acquisition of OMV Slovenija
The previously announced sale of the Mol group’s 39 filling stations in Slovenia to Shell as part of the acquisition of OMV Slovenija has been completed, Mol told MTI on...
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The GDP growth of the OECD countries slowed in the second quarter in a quarter-on-quarter comparison
In the second quarter, the GDP growth of the countries of the Organization for Economic Cooperation and Development (OECD) decreased to 0.4 percent compared to the first quarter, when an...
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Attention: The certification stickers of plant protection machines in use expire
The National Food Chain Safety Office (Nébih) draws the attention of farmers who operate crop protection machines that their machines older than 5 years are again due for a technical...
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End of summer flavors: refreshing appetizers, cold soups
Summer is coming to an end, but we can still enjoy the flavors of seasonal summer fruits: melons, watermelons, peaches, nectarines and blackberries can be used not only for ice...
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Coca-Cola targets Malaysia’s health-conscious drinkers with Sprite NPD
Malaysia is the third major regional market for the product, which Coca-Cola has launched in Thailand and in the Philippines in the last 12 months. Soft-drinks giant The Coca-Cola Co....
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The net sales revenue of fertilizer sales is 30 percent lower compared to the same period in 2022
Fertilizer distributors sold 561,000 tons of fertilizer directly to agricultural producers in the first half of 2023. Due to the 11.4 percent lower fertilizer prices on average, in the first...
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Kroger Expands Supply Partnership With Vertical Farming Company 80 Acres Farms
US retailer Kroger plans to offer fresh produce from vertical farming company 80 Acres Farms to around 1,000 stores across the Midwest and Southeast. 80 Acres Farms has been supplying...
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Turkey slaughter has dropped significantly in slaughterhouses
Hungarian slaughterhouses slaughtered 105.9 million poultry in the first half of 2023, 6.5 percent more than in the same period of the previous year. The live weight of slaughtered poultry...
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A hard autumn awaits retail players, but we can overcome it
According to Vivien Czeczeli, a researcher at the Economy and Competitiveness Research Institute of the National Public Service University (NKE), the European champion food inflation resulted in a consumption shock,...
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Alexandra Szentkirályi: 10 percent of the inspected stores violated the law during the mandatory promotions
10 percent of the inspected stores committed violations of the law during the mandatory campaign, the government spokesman announced on Thursday in Budapest to Kormányinfo. Alexandra Szentkirályi said that the...
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GFM: the price monitoring system will be expanded with new user-friendly functions next week, the free shopping list can further increase market competition
With the professional support of the Ministry of Economic Development (GFM), the Economic Competition Authority (GVH) launched the online price monitoring system on July 1, 2023, which enables transparent comparison...
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Home prize worth 100 million is coming
Szerencsejáték Zrt. is launching a unique campaign in cooperation with OTP Bank from August 28. One of the most valuable domestic prizes of the past decade, a penthouse apartment worth...
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Mihály Varga: it is too early to talk about joining the Eurozone
According to Finance Minister Mihály Varga, it is too early to talk about Hungary joining the Eurozone. On Saturday, at the Tranzit festival in Tihany, the head of the ministry...
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Extra virgin olive oil is becoming more and more expensive – these are the reasons
Dramatic shifts are underway in the olive oil market. Product scarcity and doubled prices define the current landscape. Despite a seemingly modest 10% drop in global production after the 2021-2022...
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A Hungarian food product was ranked among the best in the world
Hungarian food products have achieved significant success at one of the world’s most prestigious culinary competitions, the Great Taste Awards. The independent panel of experts, composed of chefs, food critics,...
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The unemployment rate was 3.9% in July
Employment reached a new peak, 22,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 7,000, and the number...
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AI trend expert, crisis resilience coach and virtual model avatar creator at this year’s BrandFestival
On November 9-10, AI trend experts, customer experience strategists, coaches responsible for crisis resilience and creative content developers will occupy the ETELE CINEMA stage. During their presentations, they dissect the...
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The German retail players are bleak
In August, the German business sentiment index of the ifo economic research institute weakened more than expected, and the outlook and the current situation also worsened among economic actors. The...
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A helyi termékekről készít felmérést a Széchenyi István Egyetem
A Nemzeti Agrárgazdasági Kamara által támogatott kutatás fókuszában a rövid ellátási láncok, s ezen belül is elsősorban a helyi termékek előállítása, illetve a fogyasztási és vásárlási szokások állnak. A cikk...
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Hungarian agriculture must respond to changing external conditions
Farmers must respond to rapid and drastic changes in the economic environment, weather conditions and consumer habits, and the Hungarian government will help this process in the future – promised...
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That is why rice is becoming more expensive worldwide
India has imposed an immediate 20% tariff on the export of parboiled rice, further reducing the shipments of the world’s largest exporter and potentially raising the global rice price, which...
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