Market News
After 30 years of operation, Dia To Exit Portugal
Spanish retailer Dia Group has announced it has reached agreement with Auchan Retail over the sale of its business in Portugal, for €155 million. In a statement, Dia said that...
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Top 10 most valuable beer brands in the world
New research has revealed which beer brand is the most valuable in the world this year, with the previous title-holder taking second place in 2023 to a new frontrunner. Brand...
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Consumers are “well informed” about insect-based foods, says European Commission
The European Commission (EC) has confirmed that consumers can easily access all the information they need on insect-based foods. The European Commissioner for Health and Food Safety, Stella Kyriakides, stated...
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EU compensation due to Ukrainian grain imports can be applied for in autumn
Taking targeted use into account, the Ministry of Agriculture will determine the conditions for using the symbolic amount of EUR 15.9 million in compensation awarded by Brussels to deal with...
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Product recall at dm
As a precaution, dm is recalling from its shelves on 04.06.2024. dmBio raspberry puffed rice disc with an expiration date. It cannot be ruled out that the packages with the...
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This summer’s harvest is coming to an end
This year’s summer harvest work is coming to an end. Compared to last year’s extremely droughty year, the harvest is more favorable and more than covers the domestic supply needs, but...
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The GVH has finalized its report on the accelerated sectoral examination of durable foods
After the public consultation, the Economic Competition Authority (GVH) published on its website the final report of the accelerated sectoral investigation conducted on the durable (canned and frozen) food market....
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E-commerce came to a standstill, it received a threat from an unexpected place
Domestic e-commerce stagnated in the first half of the year. In addition to the decreasing number of customers, the e-retailers were able to maintain last year’s level by forcedly increasing...
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Henkel celebrates 100 years of Adhesive Technologies
Exactly 100 years ago today, Henkel began selling its first adhesive solutions to neighboring companies. From the development of laundry detergent packaging adhesives for its own use to today’s advanced...
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In addition to supplying domestic consumers, fresh Hungarian tomatoes also reach foreign markets
From April until the onset of winter, fresh Hungarian tomatoes are waiting for customers, according to the joint market overview of the National Chamber of Agriculture and the Hungarian Fruit...
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In Canada, all cigarettes are labeled with a warning label
Every single cigarette sold in Canada will be labeled with a health warning message based on the first measure of the new regulations that will come into effect on Tuesday,...
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The Continental Tobacco Industry Group is starting the tobacco harvest season with favorable prospects
The Continental Tobacco Group is starting this year’s tobacco harvest season with favorable prospects and is expecting an above-average harvest, the company group told MTI on Thursday. According to the...
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Plant protection and plant nutrition are on the verge of radical change
In recent years, environmental awareness has become important in almost every aspect of our lives. An increasingly large part of the population tries to use the most sustainable solutions possible...
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Tesco offers all staff right to request flexible working
Tesco has become the first major UK supermarket to grant staff new flexible working rights almost a year ahead of an expected change in the law next year. The supermarket’s...
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Nestlé Doubles Down on Plant-Based Offerings
Nestlé, one of the world’s largest food maker, is maintaining its focus on plant-based products, even as the broader industry faces a slowdown. Mel Cash, Nestlé’s chief marketing and innovation...
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Economic Pressure Led to Fewer New Product Innovations In 2022, Says Circana
Brands launched 16.5% fewer new product innovations in 2022, due to growing economic pressures, a new report from Circana has found. The Race for Resilience: Innovation Pacesetters report for Europe,...
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Domestic honey labeling rules are getting stricter
For years, our country has been advocating for the tightening of the European regulations for marking the origin of honey mixtures in order to protect consumers and beekeepers. Due to...
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Even more time for creativity: there is a new deadline for “According to Grandma” works
The staff of the Nébih Nothing Left program provide a longer deadline for applicants to the “According to Grandma” drawing competition, so they will have until August 31 to submit...
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BMI: Slight contraction in July
The seasonally adjusted July value of the Purchasing Manager Index (BMI): 45.7. Compared with the previous July values, this year’s value is lower than the long-term average for this month...
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Can meat, milk and eggs disappear from the shops?
The global climate change caused by human irresponsibility can have serious consequences for the Hungarian economy, particularly in the food and tourism sectors. Although the food price freeze has ended,...
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The price of eggs fell by nearly 30 percent
According to data from the price monitoring system of the Economic Competition Authority, the price of eggs dropped by nearly 30 percent in a single day. On Monday, it was...
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GFM State Secretary: the government has taken effective measures to reduce food inflation
In order to curb inflation, the government has taken a number of effective measures, among other things, it has decided on mandatory promotions and launched the online price monitoring system...
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Two chocolates from the Hungarian chocolate manufactory also won awards at the gastronomic Oscar
The Bonbonier Chocolate manufactory won the prize at the international competition with its oolong-raspberry-rose tea-flavored bonbon and cinnamon hot chocolate. The two products were awarded one star each at the...
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This is how the bread competition of the Hungarian Bakers’ Association ended
True to the traditions of the Hungarian Bakers’ Association, in 2023 it held its bread competition for the twelfth time. The public was able to meet for the first time...
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The British don’t buy plastic bags since they have to pay for it
The introduction of charges for single-use plastic bags in major UK supermarkets, including Tesco, Sainsbury’s, Asda, and Morrisons, has led to a significant decrease in the use of these bags....
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The viticulture research institute in Pécs would contract with its partners to finance its breeding work
The Viticulture and Wine Research Institute of the University of Pécs (PTE SZBKI) would obtain resources to finance the work of breeders, which is becoming increasingly important due to economic...
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Warsaw expects the Ukrainian side to understand the Polish attitude in the grain issue
In the grain issue, Warsaw expects the Ukrainian side to understand the Polish attitude, Polish Deputy Foreign Minister Pawel Jablonski said on Wednesday after receiving the Ukrainian Embassy’s temporary charge...
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E-commerce: orders arrive faster in summer
In order to be able to receive postal items without interruption even during the summer period, it is advisable to think in advance when and for how long you will...
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MBH AgrárTrend Index: the evaluation of the situation of the food economy has strengthened back to the level of the beginning of 2022
After the strengthening experienced in the first three months of 2023, the prospects for Hungarian agriculture improved further in the second quarter, the actors of the sector overall believe that...
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Monster Beverage Acquires Bang Energy
Monster Beverage Corporation has completed the acquisition of Vital Pharmaceuticals, Inc. and certain of its affiliates, collectively known as Bang Energy. The transaction is valued at approximately $362 million (€329.9...
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