Market News

These data are required for the 2022 damage mitigation allowance application

After agricultural damage that occurred in the 2022 damage mitigation year, the application for damage mitigation benefits can be submitted until November 30, 2022 by the injured parties who announced...

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LA adopts Plant-Based Treaty to fight climate change

With climate change threatening major changes that will affect food production, activists are promoting the Plant-Based Treaty as a means of reducing consumption of animal products. Of course, convincing people...

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The price of sugar may even double

Once the price cap is over, sugar will rise in price by 100 percent. “The price of granulated sugar in stores would rise by one hundred percent, to around HUF...

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MNB: the commercial real estate market is also at risk due to the increase in energy prices

Rising energy prices and the resulting inflationary pressure, as well as the tightening monetary policy in response to this, which also resulted in an increase in financing costs, pose a...

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TIM State Secretary: it is important to use new technologies in agriculture

The Ministry of Technology and Industry (TIM) considers it important to apply new technologies in agriculture as soon as possible, which is why it has started the implementation of the...

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Plant-based proteins: New plants on the horizon

According to the United Nations, thousands of plants and animals were used for food in the past, but today less than 200 contribute to global food supplies. What is more,...

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Limited-edition M&M’s, Skittles products launched for Halloween

Mars Wrigley has launched two new products ahead of Halloween, to make the most of a 38 per cent increase in Trick or Treating in Australia. Ben Hill, Mars Wrigley...

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Asda to open first standalone ‘Asda Express’ convenience stores

Asda has unveiled plans to open its first two standalone convenience stores before Christmas, under a new ‘Asda Express’ brand. The Asda Express stores will create 37 new jobs in...

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Fresh Produce Sector Calls For Action To Soothe Energy Cost Impact

Freshfel Europe, which represents the fresh produce industry, has called for urgent action from authorities to mitigate the impact of soaring energy prices on the fruit and vegetable sector. It...

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Ministry of Agriculture: Hungarian agriculture must be modernized

Agriculture has faced several serious challenges in the past two years, but these difficulties bring opportunities, and they have taught us that agriculture is necessary – said Minister of Agriculture...

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KSH: the unemployment rate was 3.8 percent in September

In September, 185,000 people were without a job, the unemployment rate was 3.8 percent. In the three-month period from July to September, the average number of unemployed was 178,000, and...

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Meteorological Service: the ear plants would require additional moisture

Additional rain would be needed for the even emergence and development of the sown ears of corn, but no precipitation is expected in the next week, the National Meteorological Service...

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Bulk shopping costs HUF 50,000-80,000 more per month

Food inflation is already at 35.2 percent in Hungary. According to a recent study, an average family spends HUF 50,000-80,000 more on shopping than it did a year ago. According...

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According to MKB and Takarékbank experts, food prices will decrease

Food may become more expensive until the end of the year, and a price increase is expected in the first half of 2023, but it will be smaller than this...

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Citrus fruits aren’t vegan? Tesco seeks alternatives

Tesco has reacted to the claims that its lemons and oranges aren’t vegan-friendly: the retailer has recently revealed that its citrus fruits are coated with a wax called shellac –...

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Digital marketplace METRO MARKETS now also available in Portugal

Expansion of METRO’s digital marketplace model into European markets progresses METRO MARKETS, METRO’s digital marketplace for non-food, is now also available in Portugal, expanding into its second country this year....

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They fear a significant rise in food prices, but Hungarians are trying to eat healthier

The vast majority of Hungarians believe that rising food prices will have the greatest impact on their daily lives in the near future, according to the latest Hungarian survey by...

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Jägermeister launches campaign for new intelligent packaging – The Secret is Ice Cold

A new promotional campaign from Jägermeister called The Secret is Ice Cold is centred around active and intelligent packaging. It encourages consumers to place Jägermeister bottles in the freezer to...

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The deputy presidents of the GVH were appointed

Both vice presidents of the competition authority will continue their work for Hungarian consumers after President Katalin Novák repeatedly appointed László Bak and András Tóth as vice presidents of the...

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Aldi and Lidl charge for electric car charging in Germany

It seems that the days when customers could charge their electric cars for free in supermarkets’ car parks are coming to an end. Following the example of Aldi, also Lidl...

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Corvinus research: how ecologically unsustainable are households in the Budapest urban area?

From an ecological point of view, Budapest and its surroundings are amazingly unsustainable: the ecological footprint related to the household consumption of a resident of the capital is 2.5 global...

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Eurostat: 127 kilograms of food was wasted per inhabitant in the EU in 2020

About 127 kilograms of food was wasted per inhabitant in the European Union in 2020, the first year of the coronavirus epidemic, the statistical office of the European Union, Eurostat,...

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Gfk: The average purchasing power per capita in Europe in 2022 is 16,344 euros

However, there are significant differences between the 42 countries: people in Liechtenstein, Switzerland and Luxembourg have significantly higher purchasing power than in the rest of Europe, while Kosovo, Moldova and...

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Pálinka may also face a drastic price increase

The drought and recession are also affecting the pálinka distilleries, but according to those involved, the price of one of the Hungarians’ favorite drinks will only increase by half the...

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From November, an egg can cost HUF 150

Drought, war, weakening of the forint – inflation does not miss the egg. Recently, the price of eggs has risen by HUF 20 per week, so by November, the average...

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Ibolya Görög: “Those who can behave have a positive attitude towards life”

Trade magazin’s Business Podcast, Future Talks with Szilvia Krizsó continues Protocol expert Ibolya Görög was Szilvia Krizsó’s guest in the latest episode of the Future Talks podcast. This article features...

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(HU) Okos vizespalack jelez a sportolóknak, mikor időszerű inniuk

American sports beverage brand Gatorade, part of PepsiCo, has launched a new bottle that tracks personalised hydration needs and indicates to athletes when to drink, via a cap that lights...

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Germany’s Aldi Nord To Shorten Opening Hours To Cut Energy Bill

German discount grocery store chain Aldi Nord will shorten opening hours at numerous branches from November in a bid to save energy costs, the company said. Aldi Nord is the first food...

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Deliveroo confirms Dutch exit next month

Deliveroo has confirmed it’s exiting the Netherlands following an announcement this summer that it was consulting on pulling out of the market. In a statement on October 19, the on-demand...

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Private forest managers also take a significant part in supplying the population with firewood

Agriculture Minister István Nagy had an out-of-the-ordinary consultation with representatives of private forest managers on the issues of the country’s firewood supply. At the meeting, it was said that private...

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