Market News

Syngenta developed a digital application for hobby gardeners

Syngenta Hungary presented a new, free mobile application. The Garden and Home application provides professional help against pests and plant diseases that threaten gardens and households. The changing growing conditions,...

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Food self-sufficiency is a strategic issue

In the shadow of the war, food self-sufficiency is a strategic issue – stated Minister of Agriculture István Nagy at the round table discussion of the 32nd Bálványosi Summer Free...

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More companies had salary increases than planned at the beginning of the year

While wages were increased at eight out of ten companies last year, the willingness to raise wages has decreased in the 2023 plans: in January 2023, only six out of...

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Agrometeorology: corn would benefit from rain

There is a drought in many places in the Great Plain and in the north and south-east of Transdanubia, corn would need abundant rainfall for the formation and growth of...

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PepsiCo starts new sustainability platform for consumers

Pep+ Partners for Tomorrow is the name of a new sustainability platform by PepsiCo, which offers solutions that aim to support shoppers in achieving their sustainability goals. At the launch...

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Nestlé Increases Local Sourcing In South Africa With New Processing Plant

Swiss food company Nestlé said it will be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply chain challenges and cut...

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The most important challenges facing the food industry in the Carpathian Basin

Currently, the food industry is one of the most important parts of agriculture, which could mean the future – declared Dr. Márton Nobilis, State Secretary of the Ministry of Agriculture responsible...

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Louis Delhaize exits France, sells stores to Carrefour

Ailing Belgian supermarket group Louis Delhaize has sold its 175 French shops to Carrefour. Good deal for Carrefour Carrefour has paid 1.05 billion euros for the 60 Cora hypermarkets and 115 supermarkets of the...

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The range of summer squash is extremely diverse

In the heat of summer, a light lunch or a summer evening dinner is good, for which tender pumpkins, which can be prepared in a variety of ways, can serve...

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Euro zone inflation slowed down in June

In June, as previously announced, annual inflation eased to a 17-month low in the euro area, mainly due to the drop in energy prices, according to the data published on...

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Péter Szijjártó: 25 companies have already received support under the Factory Rescue Program, including food industry companies

So far, twenty-five companies have received the certificate of support, worth a total of HUF 27.5 billion, within the framework of the Factory Rescue Program, which promotes investments that increase...

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BDO: The European Commission’s proposals regarding the EU customs reform

The proposals of the EU customs reform include the creation of a new EU customs authority and the development of e-commerce. They contain important changes in taxation that are in...

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Digitization brings revolutionary changes in the food and beverage industry as well

Digitization has brought about a major improvement in production for three quarters of food and beverage companies, and half of them expect further improvement, according to a study by Schneider...

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Dr Beáta Felkai: The main goal is providing Hungarians with safe and good quality food

Dr Beáta Felkai, deputy state secretary of food chain supervision at the Ministry of Agriculture gave an interview to our magazine. This article is available for reading in Trade magazin...

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Żabka to open autonomous store in Poznan hospital

Polish retailer Żabka plans to open a Nano outlet in a hospital in Poznań in the second half of the year. The new autonomous shop would be the first of...

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The September deadline for the cereal import ban is unacceptable

A deadline of September 15 regarding the EU import ban on Ukrainian cereals is unacceptable for the EU countries neighboring Ukraine – Minister of Agriculture István Nagy emphasized on Wednesday...

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Food prices also rose the most among the British

Annual inflation in Great Britain fell much more than expected, below 8 percent last month, primarily due to a significant drop in fuel prices and a slowdown in food price...

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Actors in the fish farming sector can apply for several billion forints

With great interest, a professional day was held in Kecskemét for the actors of the fish farming industry, at which both interest organizations and farmers were represented. György Zsolt Papp, Deputy...

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The United States provides financial aid for the development of Ukrainian agriculture

The United States will provide an additional 250 million dollars (about HUF 85 billion) in support to Ukraine to maintain the functionality of its agriculture, announced the director of the...

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Itchy times are coming

Last year combined sales of insecticides and insect repellents were HUF 6.28bn in the retail channels audited by NIQ (formerly Nielsen IQ). Value sales increased by 3% in comparison with...

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KSH: agricultural purchase prices fell in May

The average purchase price of agricultural products in May was lower than a year ago for the second month running, after 7.2 percent in April, they decreased by 1.1 percent....

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Quick Commerce Firm Getir To Wind Up Operations In France

Quick commerce platform Getir has announced its decision to leave the French market. According to news portal Le Parisien, which quoted a press release sent to the AFP news agency,...

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Winter wheat is being harvested in Zala County

Harvesting of the winter wheat produced on nearly 31,000 hectares has begun in Zala County. So far, the crop has been harvested on 6,000 hectares, the average yield is 5.6 tons...

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EUROSPAR Launches New ‘Let’s Celebrate Community’ Campaign

EUROSPAR has announced that it recently launched its ‘Let’s Celebrate Community’ campaign to say thank you to those who go above and beyond to help the people of their local communities....

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Mars sets sights on $1 billion in frozen treat sales

Best known for its confectionery, snack and pet food brands, Mars Inc. has set its sight on generating $1 billion in frozen treat and ice cream sales by 2030. Propelling...

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Meat and dairy imitations of plant origin: stricter EU regulation is needed

Plant-based products imitating animal-derived foods must be significantly different in name from those of animal origin. In their description and advertisements, they cannot refer to the untruth that their nutritional content...

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Waves in the bottle

According to the NIQ retail index, mineral water volume sales dropped 1.6% in retail in 2022 if compared with 2021, making up 885 million litres; at the same time value...

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Chamber of Agriculture: Hungary is one of the most important game meat exporters in Europe

Hungary is one of the most important game meat exporters in Europe, according to a publication presenting the domestic market and consumption of game meat, published by the National Chamber...

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Hungarian firms often don’t claim a quite big tax relief

According to Dr Máté Vargha, tax manager of BDO Magyarország Tax Advisory, Hungarian companies are entitled to a big tax relief for their own investments, and in 2022 more businesses...

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