Market News
Important change: Nitrate data must be provided in the eGN by March 31
The National Food Chain Safety Office (Nébih) draws the attention of producers to the fact that starting this year, nitrate data must be provided through the electronic management log (eGN)...
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India becomes new target for Suntory investments
Suntory is looking to expand its beverage and nutrition business in India with local partners. As CEO Takeshi Niinami has said, the Japanese multinational is looking to invest much more...
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Lettuce exports increased by more than 50 percent in 2023
According to the KSH data, the area and quantity of lettuce harvested in Hungary has decreased continuously in recent years, but according to the KSH data, an increase was observed...
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ProWein underscores its role as the leading trade fair for the wine and spirits industry
After three busy trade fair days the world’s largest and most relevant trade fair for wines and spirits succeeded in spreading optimism on a currently stagnating market. Top ratings by...
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Covirán Makes Products Healthier To Help Fight Obesity
Spanish cooperative Covirán has completed the reformulation of 176 private-label products, as part of the retailer’s goal to offer healthier options and fight obesity. The launch of the new products...
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Agriculture can meet the challenges through the farming community
With the persistence, knowledge and efforts of the Hungarian farming community, the Hungarian agriculture and food industry can meet the challenges before it and find the answers that can ensure...
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Unilever to spin-off ice cream business
Alongside the spin-off, Unilever announced a “productivity programme”, which will hit 7,500 jobs. Unilever has announced plans to separate its ice cream business from the company. In a statement, the...
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The regulation concerning crop-enhancing substances has been amended
The relicensing procedure has ended, and the license has automatically become indefinite for all crop-enhancing substances that had a license document valid on January 1, 2024. Another significant change is that...
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Important deadline in the SZÉP card case
The government decree draws the attention of SZÉP card users to new changes and important deadlines, based on which banks may charge a fee for unspent benefits. However, due to...
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Will there be drone food delivery in Hungary?
Foodora has reached a milestone, being the first to start delivering food with drones, in cooperation with the companies Tele2 and Aerit. The innovation will be implemented for the first...
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Are the many self-service checkouts problematic?
The spread of self-service cash registers is increasingly associated with an increase in shoplifting, which causes serious losses for retailers. According to a recent survey, nearly 14% of customers admitted...
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Domestic subscription e-commerce could explode
According to industry forecasts, the subscription model of global e-commerce expands by more than 50 percent annually, while in Hungary even greater growth is possible due to the low penetration....
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Easter price drop: holiday products are up to 30% cheaper than a year ago
The prices of the most popular and popular products on the festive table this Easter season are significantly lower than in 2023. The price drop primarily affects goods procured from...
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GKI expects a 3.5% drop in purchased consumption in 2024
In its late December publication, GKI essentially confirmed its September forecast for 2023-2024. GKI lowered its inflation forecast from 18% to 17.7% in 2023 and from 7% to 6.5% in...
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The difference between the producer and consumer price of eggs is gross
After the end of the price cap, legislation came into effect that obliges supermarket chains with high turnover to sell eggs at the gross purchase price. As a result, the...
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Inflation moderated in the euro zone and the EU in February
In February, inflation of 2.6 percent, which was lower than in January, corresponding to the preliminary value, emerged in the euro area, based on the final data published by Eurostat,...
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Business sentiment in German retail deteriorated in February
In February, the German retail industry business sentiment index of the ifo economic research institute of the University of Munich deteriorated. Based on the results published on the website of...
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Electronic payment is becoming more and more important
The spread of electronic payments can be felt more and more clearly in Hungary, which shows an increasing trend every year. According to the professional article published by the MNB,...
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The increase in the price of furniture has stopped
The increase in the price of furniture in the long term continues to paint a worrying picture in Hungary, although according to the latest data, the wave of inflation seems...
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Monster Energy rolls out alcoholic ice tea
In January Monster Energy launched a range of hard ice tea products called Nasty Beast. The products contain 6% alcohol and are available in three flavours. Nasty Beast follows the...
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What makes a successful Christmas television ad?
Trade magazin launched the first Christmas TV ad competition last December. The submitted commercials were voted on by the public between 5 and 20 December. Lidl’s ad was voted the...
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Our country supports Chad’s agriculture with seeds
It would help Chad’s agriculture and stability with an agricultural consulting program, a model farm, and higher education collaborations – declared Minister István Nagy, who held talks with Minister of...
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PepsiCo Marks 50 Years In Ireland With ‘50for50’ Campaign
PepsiCo is celebrating 50 years in Ireland with is ‘50for50’ campaign, which will see employees support their local community with 50 good deeds during the year. The drinks and snacks...
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Younger Consumers Choose Sustainable Packaging, Study Finds
More than half (54%) of consumers aged between 18 and 34 said that they choose products with sustainable packaging ‘always’ or ‘often’, a new study from ALPLA has found. This...
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The model farm in Kenya, built with the financing of the Ministry of Agriculture, was handed over
The model farm in Kenya funded by the Ministry of Agriculture will help strengthen food security in Africa, Minister István Nagy said at the project’s presentation on Friday. During the...
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dm tests filling stations in Germany
Nuts, lentils, spelt pasta, muesli or coffee: in 15 selected dm stores in Hessen, North Rhine-Westphalia and Lower Saxony, customers have the opportunity under a recent dmBio pilot project to...
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The EU proposes a revision of the common agricultural policy to support EU farmers
The European Commission proposes a targeted revision of certain conditions of the regulation on the strategic plans of the common agricultural policy (CAP) in order to ease the administrative burden...
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Research: we fear bad Easter ham
For Hungarians, Easter is still considered a holiday celebrated at home, with family, of which traditional foods, such as Easter ham, are an essential part. The representative research commissioned by...
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European Commission: cosmetics lead the list of dangerous non-food products
According to the 2023 report of the EU rapid alert system for non-food products, cosmetics were the most common type of product posing a health risk, the European Commission announced...
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The European Court of Justice can decide whether the shops passed the price cap
Spar filed a complaint with the European Union regarding the Hungarian government’s retail measures. According to the Netherlands-based company, the special retail tax and the price cap contradict the EU...
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