Market News
Mars Announces Acquisition Of Trü Frü Snacking Brand
Mars, Incorporated has announced the acquisition of Trü Frü, a whole-fruit snacking brand that has seen a five-fold increase in sales over the past five years. The Trü Frü range,...
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The Ministry of Agriculture is extending the extraordinary interest subsidy program
A decision was made to extend the advanced interest subsidy of up to 14 percent of the Agrár Széchenyi Kártya Overdraft for agricultural producers affected by the drought until March...
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German Shoppers Buy More Vegan Products From Discounters, Survey Finds
Shoppers in Germany are buying more vegan products from discounters, according to a survey by Appinio commissioned by Aldi. The study also unveiled that 90% of respondents rated the price-performance...
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This could be behind the sharp rise in food prices, and this is what 2023 will bring
In November, inflation was 22.5 percent year-on-year, which is the highest in the EU. This is more than surprise inflation, especially considering that at the beginning of 2022, analysts were...
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FAO Food Price Index continued to drop in December, however, it rose substantially on a yearly basis
The FAO Food Price Index* (FFPI) averaged 132.4 points in December 2022, down 2.6 points (1.9 percent) from November, marking the ninth consecutive monthly decline and standing 1.3 points (1.0 percent)...
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Retail turnover increased by 0.6%
The volume of retail trade grew more modestly than expected, by 0.6% according to the raw data, and also by 0.6% when adjusted for the calendar effect, compared to the...
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Green solutions from SPAR
Compared with the 2017 level, SPAR Magyarország’s greenhouse gas emissions level decreased by 49% by 2021. The light fixtures of the stores are replaced with LED lights, the efficiency of...
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Retail turnover in the euro area and the EU increased in November on a monthly basis
Retail sales in the euro area and the European Union increased in November in a monthly comparison. The statistical office of the European Union, Eurostat, announced on Friday that in...
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Small butcher shops receive extraordinary support
The government is subsidizing small butcher shops with four and a half billion forints, Minister of Agriculture István Nagy announced. The minister drew attention to the fact that despite the...
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Retail turnover in Romania increased by 4.5 percent in the first eleven months of last year
In Romania, according to raw data, the volume of retail trade increased by 4.5 percent in the first eleven months of last year compared to the same period in 2021,...
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These consumer protection inspections are expected in 2023
Domestic companies can expect comprehensive consumer protection investigations in 2023 as well – draws attention to EY. This year, special foods, the operation of webshops, and the so-called greenwashing were...
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The majority of those making online purchase salso prefer in-store shopping
In the past year, 56 percent of those making online purchases prefer personal, in-store shopping, but there is a large difference in this between the individual age groups – revealed...
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It turned out! They are the richest agricultural entrepreneurs in Hungary!
Every year, a list of the richest Hungarians is published, which also includes several agricultural entrepreneurs. One of them is in the first place in the line, leading it with...
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Meteorology: there is no major cooling on the horizon, too mild weather is particularly harmful from an agricultural point of view
Although the beginning of January is usually the coldest period of the year according to statistics, 2023 began with spring weather and warm records, and no serious cooling is expected...
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Changes in the competition law: the GVH’s toolbox is expanded, the administrative burden of companies is reduced
The Competition Act changed on several points on January 1. The Economic Competition Office (GVH) can use a new tool to help businesses comply with the law voluntarily, and the...
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BMI: Vibrant expansion in December
The seasonally adjusted December value of the Purchasing Manager Index (BMI): 63.1. Compared to the previous December values, this year’s value is higher than the long-term average for this month...
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German retail turnover decreased on an annual basis, but increased on a monthly basis in November
In Germany, retail sales decreased on an annual basis in November, while an increase was recorded on a monthly basis. The German Federal Statistical Office (Destatis) announced on Friday that,...
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More colourful rice category
Demand for rice soared during the COVID pandemic, as this food is relatively cheap and it has a long shelf life. Dr Imre Tímár, managing director of Tanner Trade Kft.:...
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K&H: there are more and more pessimistic young people now, but many are optimistic about the future
Young people have a very mixed view of their current situation and their future. The K&H youth index was only +2 points in the fourth quarter, which is one of...
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This is how mothers look for work
In the last two years, as a result of Covid, jobs offering full or partial home office work have increased significantly. This is a great help for mothers returning to...
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K&H farmers have to expect higher purchase prices for the next production cycle
In 2023, agricultural businesses must expect that purchase prices will have already risen significantly for the next production cycle, but sales prices cannot be expected to rise any further, although...
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The 2022 Economic Diary “web-GN” and nitrate data submission forms are available
The forms required for the electronic submission of the 2022 Farming Diary “web-GN” and the nitrate data sheet are available on the Nébih website. For the 2022 calendar year, participants...
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Ipsos research: inflation is already our number one fear
Ipsos’ What Worries the World survey tracks public opinion on the most important social and political issues across 29 countries today, drawing on over 10 years of data to place...
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Bel Group and Standing Ovation enter into strategic partnership
French cheese company Bel Group has started a strategic partnership with alternative dairy ingredients maker Standing Ovation. The partnership will see the producer of Babybel cheese incorporate casein milk protein,...
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István Nagy: Hungarian farmers’ subsidies are guaranteed this year as well
Hungarian farmers’ subsidies are guaranteed this year as well, and they provide support even in difficult economic conditions, said Agriculture Minister István Nagy in a video message uploaded to the...
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These were the most wanted tech items of 2022
Compared to the previous year, the demand for televisions in MediaMarkt’s stores and on its online interface did not decrease. Within this category, consumers were primarily looking for 4K UHD...
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Top 10 Healthiest Countries In Europe
A recent health study carried out by Snuff Store rated each European country on a number of different health factors, including life expectancy and obesity rates. Each country was given...
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Waitrose To Withdraw Single-Use Vaping Products From Sale
The John Lewis Partnership, which operates the John Lewis and Waitrose banners, has announced that Waitrose will no longer sell single-use vaping products. The retailer previously made the decision not...
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Refresco Completes Acquisition Of Alcoholic Beverage Firm Avandis
Refresco Group has announced it has completed the acquisition of Avandis, a manufacturer of alcoholic beverages in the Netherlands, from Lucas Bols N.V. and De Kuyper Royal Distillers. In a...
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Support for the prevention of certain animal diseases is available again
From January 1, 2023, the support program for the prevention and control of certain animal diseases, financed from the national budget and helping the livestock sectors, will be available again...
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