Market News
The most beautiful kitchen gardens were also awarded this year
In 2024, the country’s most beautiful kitchen gardens were also awarded. “This initiative not only contributes to maintaining the traditions of home gardening, but also popularizes this activity among the...
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Bananas are in danger: diseases and climatic changes threaten one of the world’s most popular fruits
Global warming and weather extremes are seriously affecting banana cultivation, which is one of the dominant agricultural sectors in tropical regions. However, in addition to the weather challenges, another, at...
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Aldi Süd and Kaufland lead the way in animal welfare in Germany
Aldi Süd and Kaufland are the leaders among German food retail chains when it comes to animal welfare, according to the latest Greenpeace Supermarket Check survey. Aldi Süd took the...
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The prices of fodder crops have risen significantly
According to AKI PÁIR data, the producer price of edible wheat in Hungary excluding VAT and transport costs is HUF 80.1 thousand/ton (+12 percent compared to a year earlier), feed...
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Black Friday 2024: more aware customers and a turnover of 160 billion is expected
Although Black Friday is no longer as attractive to customers as it used to be, this year’s turnover may still reach HUF 150-160 billion, according to recent research by Publicis...
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Kifli.hu, Mastercard and Élélmiszerbank are launching a fundraising campaign for children’s meals
The Magyar Élélmiszerbank Egyesület, with Mastercard and Kifli.hu are launching a fund-raising campaign to support the feeding of needy children and draw attention to the problem of food waste. Kifli.hu...
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A 5,000 HUF limit for reverse vending machines is a reasonable solution
The Hungarian National Trade Association agrees with the recently introduced measure, which sets a HUF 5,000 limit per transaction at cash machines. According to general secretary Katalin Neubauer, the maximum...
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The government announces an innovation program package for micro, small and medium-sized enterprises
The government is announcing an innovation program package for micro, small and medium-sized enterprises worth HUF 181 billion, said the deputy state secretary responsible for innovation of the Ministry of...
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Orange juice, cocoa and apartments are also worth a look
In the case of retail investments, the focus is most often on government securities and various bonds, as well as shares, although it is worth opening up to alternative investments...
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Lőrinc Mészáros sold the Karcag plastics processor to Mol at a significant profit
According to G7’s report, Lőrinc Mészáros sold his company, which owns the plastic processing plant in Karcág, to Mol at a significant profit. The plant produces recycled granules from PET...
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K&H: albeit with a delay, Hungarian companies follow global AI use trends
This article is available for reading in Trade magazin 2024/10 According to K&H’s innovation index, Hungarian companies are lagging behind a little, but they are following global trends in AI...
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Is the real breakthrough in domestic organic farming coming?
A call for tenders entitled Support for Organic Farming (ÖKO) was recently published, which provides area-based support for the next five years to those who bring their traditional areas under...
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Strengthening producer organizations is the key to the future of the horticulture sector
Producer organizations have an unavoidable role in terms of the future of the domestic horticulture sector – it was said at the conference organized by the National Chamber of Agricultural...
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EUDR: a new due diligence obligation for companies to protect forests
Last year Regulation (EU) 2023/1115 of the European Union on the placing on the EU market and export from the EU of certain goods and products related to deforestation and...
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Richárd Szabados: The interest rate on investment loans of the Széchenyi Card program will drop to 3.5 percent
The government will reduce the interest rate on investment-type loans of the Széchenyi Card Program to 3.5 percent from November 1st, from the previous 5 percent, announced Richárd Szabados, the...
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Plant-based alternatives generate more sales in Germany than ever before
The market for plant-based meat and dairy substitutes in Germany set a new record in 2023. Sales rose to €2.2 billion, an 8% increase on the previous year, according to...
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Soil preparation has been completed on half of the autumn sowing areas
Based on the data of the operative reports for the subject date of October 8, the planned area of autumn-sown crops this year is 1.54 million hectares, 49.8 percent of...
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Onion skins instead of plastic?
Single-use plastics are a huge problem worldwide, so more and more people are looking for solutions to find sustainable alternatives to packaging. A Scottish startup, HUID (skin in Dutch), set...
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Alcampo Invests In Robotics And AI For Online Shopping
Spanish supermarket chain Alcampo has invested €19.4 million in a highly automated warehouse equipped with robots and AI to enhance its online shopping service. The company has unveiled its Customer...
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Competition concerns: UK watchdog launches investigation into Carlsberg-Britvic deal
The UK’s Competition and Markets Authority (CMA) has begun a formal investigation into Carlsberg’s US$4.28 billion deal with Britvic amid competition concerns. The watchdog has opened an “invitation to comment”...
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Animal welfare and sustainability – A vision for European livestock farmers until 2030
The “Voice of European Animal Husbandry” group of like-minded EU partners active in the livestock food chain presents the main elements of the European livestock breeders’ vision of the sector...
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In October, the economic index of the GKI decreased slightly further
According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – in October, the overall expectations of the business sector did not change compared to...
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New HUF 5,000 limit for cash machines: inconvenience and charity opportunities
As of October 26, MOHU introduced a new rule for the use of cash machines: it set a HUF 5,000 limit per transaction, up to which the machine will issue...
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October tea prices: why did Hungarians’ favorite hot drink become so expensive?
Inflation and the rise in the price of raw materials had a significant impact on tea consumption habits, as the rising prices of food products affected not only tea, but...
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Domestic subscription e-commerce is exploding right now
This summer, 4 percent of domestic webshops offered some kind of product in subscription form, however, according to the data, this proportion is expected to increase to 23 percent within...
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Challenges and performance of the Hungarian meat industry in 2023
The year 2023 was full of significant challenges for the Hungarian food industry, but at the same time the industry also achieved growth, especially in export revenue. According to data...
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Dairy products becoming more expensive: why are your favorite everyday foods getting more and more expensive?
Dairy products are still among the more expensive foods, and prices have even risen in recent months. According to AKI’s latest report, in September 2024, the processing sales prices of...
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Amazon launches annual food subscription programme
Amazon is offering an annual food subscription programme for Prime members, as well as an expansion of its home delivery service for users who receive government assistance. The new annual...
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Gergely Suppan: it seems realistic to reach a minimum wage of 1,000 euros in the coming years
In the coming years, the minimum wage may reach HUF 400,000, and at the current euro exchange rate, it may even exceed EUR 1,000, so the minimum wage around that...
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Infection risk from fresh vegetables: the McDonald’s E. coli outbreak and the challenges of fast food
American fast food chains were forced to take a drastic step on Thursday: onions were temporarily removed from the menu at some McDonald’s restaurants after the fresh vegetable emerged as...
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