Market News
End of summer flavors: refreshing appetizers, cold soups
Summer is coming to an end, but we can still enjoy the flavors of seasonal summer fruits: melons, watermelons, peaches, nectarines and blackberries can be used not only for ice...
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Coca-Cola targets Malaysia’s health-conscious drinkers with Sprite NPD
Malaysia is the third major regional market for the product, which Coca-Cola has launched in Thailand and in the Philippines in the last 12 months. Soft-drinks giant The Coca-Cola Co....
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The net sales revenue of fertilizer sales is 30 percent lower compared to the same period in 2022
Fertilizer distributors sold 561,000 tons of fertilizer directly to agricultural producers in the first half of 2023. Due to the 11.4 percent lower fertilizer prices on average, in the first...
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Kroger Expands Supply Partnership With Vertical Farming Company 80 Acres Farms
US retailer Kroger plans to offer fresh produce from vertical farming company 80 Acres Farms to around 1,000 stores across the Midwest and Southeast. 80 Acres Farms has been supplying...
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Turkey slaughter has dropped significantly in slaughterhouses
Hungarian slaughterhouses slaughtered 105.9 million poultry in the first half of 2023, 6.5 percent more than in the same period of the previous year. The live weight of slaughtered poultry...
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A hard autumn awaits retail players, but we can overcome it
According to Vivien Czeczeli, a researcher at the Economy and Competitiveness Research Institute of the National Public Service University (NKE), the European champion food inflation resulted in a consumption shock,...
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Alexandra Szentkirályi: 10 percent of the inspected stores violated the law during the mandatory promotions
10 percent of the inspected stores committed violations of the law during the mandatory campaign, the government spokesman announced on Thursday in Budapest to Kormányinfo. Alexandra Szentkirályi said that the...
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GFM: the price monitoring system will be expanded with new user-friendly functions next week, the free shopping list can further increase market competition
With the professional support of the Ministry of Economic Development (GFM), the Economic Competition Authority (GVH) launched the online price monitoring system on July 1, 2023, which enables transparent comparison...
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Home prize worth 100 million is coming
Szerencsejáték Zrt. is launching a unique campaign in cooperation with OTP Bank from August 28. One of the most valuable domestic prizes of the past decade, a penthouse apartment worth...
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Mihály Varga: it is too early to talk about joining the Eurozone
According to Finance Minister Mihály Varga, it is too early to talk about Hungary joining the Eurozone. On Saturday, at the Tranzit festival in Tihany, the head of the ministry...
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Extra virgin olive oil is becoming more and more expensive – these are the reasons
Dramatic shifts are underway in the olive oil market. Product scarcity and doubled prices define the current landscape. Despite a seemingly modest 10% drop in global production after the 2021-2022...
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A Hungarian food product was ranked among the best in the world
Hungarian food products have achieved significant success at one of the world’s most prestigious culinary competitions, the Great Taste Awards. The independent panel of experts, composed of chefs, food critics,...
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The unemployment rate was 3.9% in July
Employment reached a new peak, 22,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 7,000, and the number...
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AI trend expert, crisis resilience coach and virtual model avatar creator at this year’s BrandFestival
On November 9-10, AI trend experts, customer experience strategists, coaches responsible for crisis resilience and creative content developers will occupy the ETELE CINEMA stage. During their presentations, they dissect the...
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The German retail players are bleak
In August, the German business sentiment index of the ifo economic research institute weakened more than expected, and the outlook and the current situation also worsened among economic actors. The...
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A helyi termékekről készít felmérést a Széchenyi István Egyetem
A Nemzeti Agrárgazdasági Kamara által támogatott kutatás fókuszában a rövid ellátási láncok, s ezen belül is elsősorban a helyi termékek előállítása, illetve a fogyasztási és vásárlási szokások állnak. A cikk...
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Hungarian agriculture must respond to changing external conditions
Farmers must respond to rapid and drastic changes in the economic environment, weather conditions and consumer habits, and the Hungarian government will help this process in the future – promised...
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That is why rice is becoming more expensive worldwide
India has imposed an immediate 20% tariff on the export of parboiled rice, further reducing the shipments of the world’s largest exporter and potentially raising the global rice price, which...
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More than 200 varieties were presented at the dessert grape exhibition in Pécs
Those interested could get to know and taste more than 200 different varieties in II. At the National Gourmet Vine Exhibition and Competition on Saturday in Pécs, the organizer, the Viticulture...
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István Nagy: if necessary, the government will ban the import of Ukrainian grain products under national authority
The government will protect Hungarian farmers and, if necessary, from September 16, it will close the border to certain grain products coming from Ukraine under national authority – the Minister...
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We continue to strengthen our country’s self-sufficiency
The Hungarian government stands behind all investments that support the further strengthening of our country’s self-sufficiency – declared Dr. Márton Nobilis, State Secretary of the Ministry of Agriculture responsible for the...
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The goal is to develop the food industry
This year is about inflation, and our task is to break it down, and we are on the right track, said Dr. Márton Nobilis, the Secretary of State responsible for the...
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Food Safety, Hygiene Concerns Lessen as Consumers Shift Toward Sustainable Packaging: McKinsey
Consumers are coming out of the pandemic with a renewed focus on sustainability, according to a new report from McKinsey based on a survey of consumers across 11 countries. It’s...
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The rainy summer was favorable for domestic apple orchards
The domestic apple producers can count on a good harvest this year, after last year’s severe drought damage, for the time being it seems that there will be something to...
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Delhaize And Carrefour Lower Prices In Belgium
Two leading supermarket chains in Belgium, Delhaize and Carrefour, have announced plans to offer discounts on hundreds of products. In ads published in all major Belgian newspapers, Delhaize announced that...
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The war is a market risk for Hungarian agriculture
The Russian-Ukrainian war and its consequences interrupted the market and production security of agricultural production, which had strengthened in the last decade, moreover, it led to sales uncertainties and an...
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Farmers will receive further financial assistance
In order to deal with the grain crisis in Ukraine caused by the war, the government has decided on a new interest subsidy program, Minister of Agriculture István Nagy announced...
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Plant-based diet leads to a longer and healthier life
According to a study by the Harvard T.H. Chan School of Public Health, following a plant-based diet not only extends the longevity of our planet, but can also contribute to...
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Hungarians can still avoid shops for many months
According to Péter Virovácz, senior analyst at ING Bank, although real wages are increasing again in Hungary, the population continues to spend cautiously due to the current inflationary environment. Analysts...
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AMC launched its melon consumption incentive campaign, the season can last until the end of September
The melon season is roaring, what’s more, today the old saying about Lőrinc’s day, which used to mean the end of the season around the middle of August, is no...
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