Market News
Walmart Canada to debut sensory-friendly store hours
Walmart Canada is launching a new initiative to make its stores more inclusive to all shoppers. The retailer is adding sensory-friendly hours at stores across Canada with the aim to make shopping...
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Nestlé invests in speciality protein-foods factory in Germany
The site in Rosbach vor der Höhe houses Nestlé’s Vitaflo business. Nestlé is expanding a plant in Germany dedicated to the manufacture of products for congenital metabolic disorders. The world’s...
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Hungary is a net exporter of both frozen and fresh cherries
According to KSH data, Hungary’s cherry crop ranged between 60.5 and 83.5 thousand tons between 2018 and 2022. According to KSH data, the cherry crop in 2023 decreased by 18...
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Denmark Will Be First To Impose CO2 Tax On Farms, Government Says
Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire...
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Domestic berry fruit cultivation could be saved
Even though there is a demand for berries from consumers and the processing industry, domestic cultivation has been pushed into the background in recent decades. Partly due to climate change...
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Growing retail, falling SMEs: what can companies do?
A KSH adatai szerint az év első öt hónapjában javult a fogyasztás. Bár még mindig nem éri el a 2021-es év átlagát, májusban már 3,6 százalékkal nőtt a kiskereskedelmi forgalom[1]...
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What comes after the mandatory promotions?
As of July 1, 2024, a significant change has taken place in the Hungarian retail sector: the mandatory in-store promotions, introduced just over a year ago on June 1, 2023,...
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KSH: in June, consumer prices increased by 3.7 percent on average compared to the same month of the previous year
In June 2024, consumer prices were on average 3.7 percent higher than a year earlier. Compared to May, prices did not change on average, food prices fell by 0.3 percent,...
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MBH Bank analysis: Inflation moderated in June
According to MBH Bank’s latest analysis, the annual rate of inflation fell to 3.7% in June 2024, which is below the previously expected level of 4%. The level of consumer...
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Márton Nagy: the decrease in inflation in June exceeded all expectations
The targeted measures of the government broke down and suppressed inflation. And measures such as the online price monitoring system generate lively retail competition and support inflation to remain at...
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Big sporting events also help with beer consumption
Although major sporting events temporarily have a positive effect on the development of beer consumption, this year the weather will also decide whether the beer market can correct itself this...
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Synthetic compounds in our food? The Association of Conscious Buyers is the domestic partner of an important EU project
ToxFree Life for All is the EU’s newly launched awareness raising campaign. Its aim is for consumers to reduce the risks of chemicals to their health and the environment. The...
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Climate Policy Institute: climate change may cause food prices to rise further
Climate change has a significant impact on the world’s agriculture, the environmental changes together can cause further permanent food inflation in the future, which can be prevented by adaptation, modernization...
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The summer extra tax changes have been published
In the 74th issue of the Magyar Közlöny published on July 8, 2024, three government decrees were announced, which introduce changes and new tax obligations regarding the taxation system, social...
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A complaint was filed against Chinese honey in the EU
With the professional support of the Ministry of Agriculture (AM), the National Hungarian Bee Association (OMME) filed an anti-dumping complaint against honey coming from China to the European Union. 14...
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With our four-legged friends on four wheels: this is how traveling together can be enjoyable and safe
In the summer season, many people go on vacation with their pets. The idea of a shared car holiday can be attractive, but it doesn’t hurt to be aware of...
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The volume of lake farm fish production has decreased in Hungary
The volume of fish production in Hungarian pond farms was 19,673 tons in 2023, which is 7.3 percent lower than the volume of the previous year, according to the report...
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Csányi Winery enters a new era
Csányi Pincészet, the largest winery in the Villány wine region with traditions dating back centuries, is opening an exciting new chapter in the domestic wine industry. In July, they will...
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Nébih: improved results at the Tisza summer seasonal food chain inspection
In the last week of June, the National Food Chain Safety Office (Nébih) inspected the restaurants operating at Lake Tisza, and the experiences of the first target area of the...
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Conventional by day, automatic by night
The first remotely controlled shops are scheduled to open in Hungary this summer. This technology will allow traditional shops to be converted and kept open without staff – 24/7 if...
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Physical stores could be the new arena for retail media
Retail media has traditionally been about the targeted advertising of products and brands at or near the point of sale. This article is available for reading in Trade magazin 2024/6-7...
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Americans almost only buy bargain foods
For American consumers, the economic situation is increasingly challenging, especially in the food market. Despite high inflation, which has decreased in recent months, the deterioration of purchasing power can still...
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A new tender supports social enterprises related to agriculture
A new call for tenders for rural development has been published with a budget of HUF 1.6 billion, which provides disadvantaged social groups with the opportunity to carry out value-creating...
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Just Eat: On-demand shopping to grow as public prioritise convenience
Just Eat has said the on-demand delivery industry is “showing no signs of slowing down” as shoppers prioritise speed and ease. According to research commissioned by the rapid delivery firm...
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Aldi Süd launches click & collect pilot project
Aldi Süd is launching a pilot project for Click & Collect at three locations in North Rhine-Westphalia. Customers will be able to pick up their online purchases ready packed in-store....
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More sunflower seed crops are expected worldwide than last year
Oil World experts for 2023/2024. 4 percent higher than last year, almost 60 million tons of sunflower seeds are expected worldwide in 2024/2025. financial year. The expected use is 60.6...
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Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its Starbucks and Cocio milk drinks with a round of capital investment in Denmark. The dairy major is spending DKr20m ($2.9m)...
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The Ministry of Agriculture continues to support domestic beekeepers
The domestic beekeeping industry, which is significantly affected by the effects of imported Asian honey arriving in the Union, must be supported by all means. Honey can be imported, but...
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20 years of Hungary in the EU: how has the forint exchange rate changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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Key consumer trends for 2024
The “State of the Consumer 2024” report by McKinsey & Company highlights significant shifts in consumer behavior and identifies nine key trends impacting the global consumer market. These include changing...
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