Market News
We expect excellent Hungarian melons this year
The sale of Hungarian melons has started, domestic producers are expected to harvest 125-130 thousand tons of watermelons and 10-12 thousand tons of cantaloupe from the fields during the summer...
Read more
Indulgence isn’t enough
Occasional indulgence – this is the main motivation of milk dessert buyers. Unfortunately, there were fewer of these occasions last year, because of the price increase. Richárd Révész, Danone Magyarország...
Read more
György Raskó: There could be a big rise in prices after the introduction of the food price cap
After the removal of price caps, the prices of cooking oil, pork, and chicken breast could increase by up to a third, warns agricultural economist György Raskó. The procurement prices...
Read more
Lots of imported potatoes arrive in Hungary
Fruit and vegetable growers are going through a difficult time and this is affecting production as well. In particular, potato production is in a catastrophic situation, as the export volume...
Read more
Brazil’s JBS Starts Building Lab-Grown Beef Factory In Spain
Brazilian meatpacker JBS said that its subsidiary BioTech Foods has started construction in Spain on its first commercial-scale plant to produce lab-grown meat, which is set to be completed by...
Read more
Food industry companies and the automotive industry provide the basis for market growth in the CEE-12 region
In the CEE-12 region, the total stock of industrial and logistics real estate exceeded 65 million square meters by the end of 2022, which is 30 percent higher than the...
Read more
Stricter EU regulation is needed because of imitation meat and dairy products of plant origin
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...
Read more
István Nagy: food self-sufficiency is a strategic issue
In the shadow of the war, food self-sufficiency is a strategic issue – the Minister of Agriculture stated at the round table discussion of the 32nd Bálványos Summer Free University...
Read more
The decline in retail trade in the Czech Republic continued in May
The decline in retail sales in the Czech Republic continued in May. However, the annual drop of 6.1 percent in May is a slightly better result than the 8.4 percent...
Read more
Precision breeding can help mitigate the harmful effects of climate change
One of the possibilities to mitigate the challenges facing agriculture is precision breeding, which is an innovative process in which researchers only use useful properties that occur in nature, thereby...
Read more
Whole Foods restructuring cuts hundreds of jobs
Whole Foods Market is reducing its operating regions from 9 to 6, and the retailer is streamlining the organisation of parts of its global and regional support teams. According to...
Read more
Seasonal food chain checks around Lake Balaton have started
Every year, Nébih coordinates three seasonal food chain inspections, stated Balatonlellén, the State Secretary of the Ministry of Agriculture responsible for the food industry and trade policy. Dr. Márton Nobilis...
Read more
The EU has signed a free trade agreement with New Zealand
The European Union and New Zealand signed a free trade agreement, as a result of which bilateral trade is expected to increase by up to 30 percent within a decade,...
Read more
Two-thirds of employees fear for their jobs from artificial intelligence
Artificial intelligence has irreversibly broken into the world of work, and companies are already automating 34% of processes, and according to estimates, an even bigger jump will come in the...
Read more
Nébih’s no food leftovers program has received several international awards
The food waste prevention program of the National Food Chain Safety Office (Nébih) has achieved outstanding success in several forums. In addition to being selected as one of the top...
Read more
Dutch online supermarket Picnic launches in Berlin
Online supermarket Picnic has expanded its German activities to fifteen districts of the German capital, Berlin. More are to follow soon. Expectations are sky-high: even before the launch, some 35,000 households...
Read more
Walmart to invest $257 million in beef-packing plant in Kansas
Walmart announced it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility will package and distribute...
Read more
Hungary is once again free of highly pathogenic bird flu
According to the relevant regulations of the World Organization for Animal Health (WOAH), Hungary regained its freedom from highly pathogenic avian influenza. The favorable status for the entire country allows for...
Read more
What should be done with the orders of the Territorial Monitoring System?
In the past period, 28,000 producers have been notified electronically that there are administrative non-compliances or deviations detected by satellite images in their submitted 2023 uniform application. In addition to...
Read more
Cereal bars, mueslis and breakfast cereals
The cereal market consists of cereal bars, mueslis and breakfast cereals. Shoppers have become price-sensitive recently, because of the growing inflation, and this had a negative effect on breakfast cereal...
Read more
What impact will artificial intelligence have on advertising practice?
The DIMSZ Data-Driven Marketing Association and the Self-Regulatory Advertising Board (ÖRT) organized a workshop to present the common points of connection between artificial intelligence and advertising. How do we envision...
Read more
Inflation decreased to 20.1%
As expected, inflation decreased to 20.1% in June from 21.5% in April, which was contributed by almost all factors except the prices of clothing, other items, fuel and service providers....
Read more
MNB: food and manufactured goods curbed inflation in June
In June, the slowdown in inflation continued for the fifth month. Compared to the previous month, inflation slowed by 1.4 percentage points to 20.1 percent; the slowdown was almost entirely...
Read more
FAO Food Price Index continued declining in June
The benchmark index of international food commodity prices declined again in June, led by price decreases for all major cereals and most types of vegetable oils, the Food and Agriculture...
Read more
Consumers cut back on sugar for their long-term health, study shows
In a global survey, Kerry found people are looking for other sweeteners to preserve their long-term health, and increasingly want natural solutions. Kerry found in its latest consumer research that...
Read more
KSH: in June, prices increased by 20.1 percent compared to the same month of the previous year
In June, consumer prices were on average 20.1 percent higher than a year earlier. In the past year, household energy and food prices have risen the most, the Central Statistics...
Read more
Minister of Economic Development: we are on the right track in the fight against inflation
Thanks to the government’s targeted measures, the trend-like and ever-increasing decrease in sanctioned inflation continued: according to the latest data from the KSH, in June 2023 – by another 1.4...
Read more
EY: The majority of large companies do not yet see what the introduction of the global minimum tax entails
The vast majority of large multinational companies will be affected by the global minimum tax, yet only a fraction of them are aware of what it will actually entail if...
Read more
Instead of the expected growth, retail sales in the euro area stagnated again
In a monthly comparison, instead of the expected growth, the retail turnover in the euro area stagnated, and in an annual comparison, it decreased in May. The statistical office of...
Read more
The value of the Hungarian coffee market increased by twenty percent in 2022, but the volume decreased
Due to the significant increase in the price of raw materials, the value of the Hungarian retail coffee market increased by 20 percent to HUF 82.8 billion last year, but...
Read more
