Market News

Nestlé Develops Powdered Plant-Based Egg Alternative

Food giant Nestlé has announced that it has developed a shelf-stable, plant-based protein blend that replicates eggs. The powdered product, made of soy-based alternative, contains an equal amount of protein...

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The number of animals slaughtered at slaughterhouses decreased in the first three quarters

Fewer animals were slaughtered at Hungarian slaughterhouses in the first three quarters of the year than a year earlier: the number of slaughtered cattle decreased by 7.4 percent, that of...

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Indotek Group strengthens with a new marketing and communications manager

From November 11, Iringó Novák will assume the position of Indotek Group’s marketing and communications manager. The specialist with three decades of industry experience came to Indotek Group from one...

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Tesco launches surplus marketplace to help suppliers slash costs and cut food waste

Tesco has launched a new online marketplace to allow suppliers to slash costs and tackle food waste by selling or donating surplus stock to other manufacturers. The Tesco Exchange service,...

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The increased subsidies serve the productivity of the hungarian agrarium

Those who make a living from agriculture are faced with countless challenges to which they must find answers. High energy and input prices, animal diseases, and the historic drought have...

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Public procurement and competition law: the opening volume of the GVH’s new specialist book series was presented

Radical bleaching can be observed in the area of cleanliness of public procurement procedures and action against corruption – it was said at the professional conference of the Economic Competition...

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The latest Logistics Yearbook was presented

On November 30, the Logistic Yearbook 2023 made its debut at the yearbook presentation event of the Hungarian Logistics Association (MLE). True to tradition, the publication is a collection of...

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Food price caps may remain with us until the middle of next year

István Nagy spoke in ATV’s evening newscast about the fact that price-fixed products should be seen as commercial promotions. At the same time, the CEO of GKI believes that the...

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Carp will be added to the Christmas menu this year

Fish prices have risen, but the increase in consumer prices is not greater than that of other foodstuffs. The cheapest way to get fresh fish is directly from the producers,...

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Is the product tax coming? Young people still consume a high proportion of energy drinks

Young people and school-aged children still consume a high proportion of energy drinks, so it is important to draw attention to this with various attitude-shaping programs – said the Parliamentary...

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János Áder: the fight against the climate crisis involves a technological change

The fight against the climate crisis involves a technological change – said János Áder, former president of the republic, chairman of the board of trustees of the Kék Bolygó Climate...

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There is room for improvement in the Hungarian FMCG sector in terms of digitalization

EDITEL recently conducted research on the archiving of company data and documents, which, among other things, examined how widespread digital archiving is, whether they trust cloud-based services, and whether they...

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With a few simple steps, the amount of donations in Hungary could be doubled

Hungarians would donate twice as much as they do now if they were properly motivated, and although 39 percent of them are already willing to pay more for products and...

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Eurostat: Euro area annual inflation down to 10.0%

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European...

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According to a research, company managers would avoid the recession with company acquisitions

Every second leader plans to acquire a company within a year, and sustainability will be critical to maintaining competitiveness, according to the global research of the international consulting company EY....

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According to a study, a large group of Hungarians are passively climate conscious

Hungarians acknowledge climate change and its effects better than the European average, but they are less worried about it; when choosing products and services, such as insurance, 41 percent buy...

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Children living in extreme poverty are helped by a joint action of Kellogg and the United Way

United Way Hungary won a $25,000 grant from United Way Worldwide’s “United to Feed” innovation grant for the implementation of the Junior Magic Chefs program, which will soon start at...

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Inferior quality foods can be the winners of the crisis

Although food shortages are not expected, demand will most likely shift to cheaper, lower-quality foods due to inflation. – said Attila Csányi, CEO of the Bonafarm Group. According to the...

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The Minister of Agriculture told the truth about the rise in food prices – this is what awaits us in 2023

Consumers are affected by the continuous increase in food prices, many people buy less than before. However, the words of Agriculture Minister István Nagy about food price caps shocked everyone....

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Stable operation, strengthened leadership at ÖRT

The 2022 General Assembly of the ÖRT confirmed the management of the organization, so in the next three years, dr. Kálmán Molnár, Unilever’s director of legal and corporate relations, will...

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Márton Nagy: security of supply is at risk, this could put an end to the price cap

Security of supply issues arise due to the price cap, which, according to Minister of Economic Development Márton Nagy, may even lead to the premature termination of official prices. “The...

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Moms also have to keep up with the latest trends in the toy market

The domestic gaming market is quite large, around HUF 100 billion, and it can also be said to be a crisis-resistant sector. At the same time, there are also changes...

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The European Commission proposes new rules to reduce packaging waste

The European Commission proposed new European Union legislation on Wednesday, which aims to reduce the amount of plastic packaging waste that is difficult to decompose and harmful to the environment....

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The productivity of agriculture can increase significantly

With the smart use of subsidies from the 2023-2027 EU development cycle in Hungarian agriculture, productivity can increase by one and a half times and the added value by two...

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HUF 750 billion goes to the food industry

In the next European Union development cycle, HUF 750 billion can be allocated to the food industry, which is a significant increase compared to the amount of HUF 463 billion...

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The Competition Authority also fights against inflation

The Economic Competition Authority (GVH) is stepping up its competition law efforts related to the suppression of inflation. The GVH started a six-month consultation series in order to inform itself...

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This year, they are also looking for the logistics excellence of the year

For years, the Hungarian Logistics, Procurement and Inventory Association (MLBKT) has been announcing the most prestigious awards in the Hungarian procurement and logistics profession in several categories. The aim of...

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Replanning consumers, replanning retailers

A 1,000-respondent survey conducted by KPMG in the summer of 2022, titled “Consumer Pulse Survey”, has found that rising prices made consumers change their shopping habits: they now spend their...

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Müller to entirely phase out coloured milk bottle caps by next summer

Müller Milk & Ingredients is to switch all its coloured milk bottle caps to clear, recyclable plastic, following a series of successful trials. The dairy giant said it aimed to...

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Sweet chestnut cultivation is concentrated in Transdanubia

Chestnuts are grown on the largest surface in Vas, Somogy and Zala counties. In addition to the unique taste of this shelled fruit, it also has excellent content values ​​-...

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