Market News
The prices of the best quality wines rose sharply
The price increase of high-quality wines surpasses inflation and even the performance of the world’s largest stock exchanges. Investing in the wine market can be both a pleasure and a...
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KSH: investments decreased by 2.8 percent in the first quarter
The volume of investments in the first quarter of 2023 decreased by 2.8 percent compared to the same period of the previous year, and compared to the previous quarter –...
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Plant-based food sales grew robustly in Europe last year
Good Food Institute Europe (GFI Europe) has recently analysed plant-based food sales in 13 European countries. This article is available for reading in Trade magazin 2023/5 GFI Europe’s report came...
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Consumer sentiment deteriorated slightly in the United States in May
Although the American consumer sentiment index of the Conference Board economic research institute deteriorated in May compared to the previous month, it was much less than expected. The Conference Board’s...
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Hungary was also represented at the Italian MACFRUT event
MACFRUT is an important international event of the fruit-vegetable-spice sector, which took place for the 40th time this year in Rimini, Italy, between May 3rd and 5th. At the event,...
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There is serious potential in the medicinal plant sector
There is a high demand for Hungarian medicinal plants, and the sector has significant development potential – draw attention to the National Chamber of Agriculture and the Medicinal Plant Association...
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Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022, reveals GlobalData
Despite the challenges of high inflation rates, labor shortages, and disruptions in the supply chain, the top 25 publicly traded global retailers* achieved a remarkable year-on-year (YoY) revenue growth of...
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PepsiCo, UEFA Partner On Sustainability At UEFA Champions League Finals
Pepsico and UEFA have announced a partnership that aims to ensure the first ‘zero waste to landfill’ UEFA football finals by 2026, through its brands Pepsi, Lay’s, Doritos and Gatorade....
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MEDIA Central Group and ShopFully join forces to become Europe’s leading drive-to-store marketing platform for major retailers and brands
MEDIA Central Group, Europe’s largest specialist in shopper activation, has joined forces with ShopFully, the continent’s leading digital drive-to-store marketing technology platform. By combining MEDIA Central Group’s digital businesses, Offerista...
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The data can be submitted directly to the National Soil Database
Nébih’s new service has been launched, which enables laboratories performing soil tests to send data directly to the National Soil Database. The WSDL description of the updated WEB-API service is...
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Milk drinks: no need to panic!
In 2022 both the penetration and buying frequency decreased in the milk drink category. This article is available for reading in Trade magazin 2023/5 Viktória Főfainé Kiss, senior brand manager...
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In the United Kingdom Lidl expands its plant-based offering
In an attempt to meet the demands of vegan customers and focusing on the discounter chain’s long-term sustainability, Lidl is expanding its plant-based product selection. This article is available for...
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AKI: the total value of investments in the food industry increased by 9 percent last year
Based on preliminary data, the total value of investments in the food industry increased by 9 percent compared to last year in 2021 – reads the report published by the...
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K&H: thinking was completely transformed by inflation
The decisions of Hungarian customers in their 30s, 40s and 50s are now fundamentally influenced by inflation, partly they pay more attention to what they buy, partly they have reduced...
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Beyond the mandatory: even more product categories, up to 60% discount in ALDI stores
ALDI is helping Hungarian consumers in their everyday life with new, larger promotions involving more products. From the beginning of June, the company will apply the discount to a total...
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The British government is discussing the voluntary application of an upper food price limit with supermarkets
The British government is discussing the voluntary application of upper price limits for certain basic foods with supermarket chains in order to curb food price increases that have not been...
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Government spokesperson: the mandatory promotions in stores will start on June 1
On June 1, the mandatory promotions in stores will start, which means that people will be able to buy food much cheaper in twenty product categories, said the government spokesman...
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A new service search portal covering all sectors is launched in Hungary
With the renewal of Brillit.com, a new service search portal covering all areas is launched in Hungary, a kind of interactive entrepreneurial marketplace. The unique and free business development platform,...
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The proportion of companies planning to raise prices in Germany further decreased
In May, fewer German companies planned price increases in the next three months than a month earlier, according to the data of the survey published on Friday by the German...
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Meteorological Service: In Europe, with the exception of the Iberian Peninsula, the crop outlook is favorable
The crop prospects in Europe are favorable, with the exception of the Iberian Peninsula, where the drought has intensified, so the Spanish and Portuguese crop forecasts for summer crops have...
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Géza Takács became the president of the Seed Association for another 5 years
Géza Takács remained the president of the Inter-Trade Organization and Product Council of the Seed Association. The agricultural expert, who was appointed to the board’s leading position in 2007, will...
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The Seed Association elected a president
Géza Takács has been elected president of the Vetőmag Szévezés Szákmaközi Szervezetz és Terektánács for another 5 years, the organization informed MTI on Friday. The re-elected president has been leading...
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AM State Secretary: the government is spending HUF 750 billion in EU funds for the development of the food industry
Instead of the previous HUF 468 billion, the government will allocate 750 billion HUF of European Union funds to the development of the food industry, the State Secretary of the...
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Brazilian Supermarkets Plan ‘National Shopping App’
The Brazilian Association of Supermarkets (ABRAS) has announced plans to launch a nationwide shopping app in the second half of 2023. The association, which represents the country’s major supermarket chains...
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Small shops must be helped
At a press conference broadcast on the MSZP Facebook page, László Varga presented his party’s five-point rescue package to households, part of which is that the government compensates the losses...
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There is barely a week left to declare the supervision fee
Actors in the food chain can submit their supervisory fee declaration until May 31. The electronic submission interface is available from the Nébih Customer Profile system. More than half of...
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Coffee leads US organic beverage growth
Coffee was the best-selling organic drink in the US market in 2022, a year of record organic food and beverage sales revenues in the country. Organic beverages were the second-strongest...
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Favorable changes in the 2023 rules for direct grants
Based on the experiences of the first weeks of the period open for the submission of a single application, without prejudice to the provisions of the Strategic Plan of the...
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An American supermarket chain is removing LGBTQ-themed merchandise from its stores
One of the largest American department store chains, Target, based in Minneapolis, announced on Wednesday that it is removing or relocating LGBTQ-themed merchandise in its stores due to threats to...
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GKI: Why should the MNB fight inflation with high interest rates?
The shocking rise in consumer prices last year and the expected peak this year raises the question of whether the MNB is doing the right thing by protecting itself against...
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