Market News

So far, they have asked for a hefty price, but now eggs will be even more expensive

In Hungary, the packing point price of table eggs (M+L) from cage farming was HUF 37.25 per piece in the first thirty-one weeks of 2022, which was 34.9 percent higher...

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We received shocking news about European agriculture, that’s what the war did

The outbreak of the Russian-Ukrainian war has caused significant disruptions in global agricultural markets, in particular both sides are major exporters of cereals, oilseeds and fertilizers. This was visible not...

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Pakistani-Hungarian agricultural cooperation has a serious future ahead of it

Dr. Oszkár Ökrös, Deputy State Secretary responsible for international relations, and Asad Rehman Gilani, President of the Pakistan Investment Board (BOI), discussed the possibilities of bilateral agricultural cooperation. During the...

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We are facing the most difficult three months of the Hungarian economy

Increase in utilities, fuel changes, transformation of the kata, drought – between August and October, inflationary pressure is heavier than ever before on the Hungarian population. In this period, it...

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Welsh government plans to ban all single-use plastic bags

The Welsh Government has introduced legislation to ban all single-use plastic bags, currently sold for around 5p from most supermarkets and convenience stores. The government (Senedd) has published a draft...

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British supermarkets running out of water – customers panic

British people can buy a limited amount of bottled water, 3-5 bottles per person, but despite the restriction, supermarkets have run out of stock. Great Britain has officially declared a...

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Farm 2 Fork Stratégia: EFSA tudmányos vélemény a sertéstartás állatjóléti körülményeiről

EFSA has published a scientific opinion on the welfare of pigs on farm, the first of several opinions on animal welfare to be delivered in the coming year in the context...

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There are already grocery chains where you can pay for bulk purchases in installments

A British grocery chain is allowing its customers to pay in installments to help them cope with rising inflation. Iceland Food Club offers interest-free loans of between £25 and £100,...

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Analysts did not expect such a level of GDP growth either – this could be the reason

As we wrote about earlier, domestic GDP increased by 6.5% in the second quarter, while it expanded by 1.1% compared to the first quarter. All of this exceeded not only...

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Rising office prices make the situation of companies more difficult

Financial and construction costs are also increasing, but demand is falling due to the dangers of recession: the European office market is facing extraordinary challenges, vg.hu points out. The European...

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Many products may disappear from Lidl’s shelves

In addition to food, the Lidl supermarket chain also offers drugstore goods, clothing, household appliances and tools in its stores, but this may change as early as next year, reports...

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KSH: GDP increased by 6.5 percent in the second quarter

In the second quarter, the gross domestic product (GDP) increased by 6.5 percent compared to the same period of the previous year. Compared to the previous quarter, the performance of...

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Less and less beer is sold in Slovakia

Last year, beer consumption per capita in Slovakia was 120, the lowest in the last 30 years. Beer consumption has declined due to the epidemic – points out Bumm.sk, based...

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K&H: people perceive inflation to be much higher than the statistics

The majority of 30-59-year-olds perceived a price increase higher than the statistically shown inflation. According to 43 percent of them, for example, the price increase was 15 percent or more...

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Russian subsidiary of OBI sold for 600 rubles

Jozef Lyokumovich bought the Russian subsidiary of the OBI store chain for 600 rubles: acquiring a 60% stake in the company. The owner of the remaining 40% is Russian, but...

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Scotland makes period products free

Scotland is the first to offer tampons, sanitary pads and other menstrual products free of charge. Period products are now free to anyone in Scotland who needs them, nearly two...

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Ecuadorian banana exports decrease as a result of Russia-Ukraine war

The war between Russia and Ukraine has put extra pressure on already strained global logistics with a lack of containers and high input prices being amongst some of the factors...

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The Italian apple crop has started to be harvested, a 5% higher yield is expected for the continent’s second largest apple producer

The Italian apple harvest season has begun with the harvesting of early varieties such as Gala. Coldiretti, the largest Italian association representing producers, expects a total of more than 2.1...

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On the onion front, the mood has heated up

The situation is quite hot not only in the fields, but also on the onion market.. – In the last few weeks, there was a reasonable balance between supply and...

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Lidl is the largest domestic retail chain based on revenue and profit

The dynamic revenue growth of German discount chains continued last year on the Hungarian market, but almost all major players were able to increase their sales – it is clear...

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There are still many, but fewer and fewer new sole proprietors

30 percent fewer sole proprietors than usual and the value of starting a company at a multi-year low in July 2022. The summer and the tax changes depressed the spirit...

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With new support options, AM will focus on encouraging water-retaining management practices in the future

For the new agricultural support period starting in 2023, the Ministry of Agriculture planned new and more effective tools to encourage agricultural producers to use water-conserving management practices, but it...

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The USA faces tomato sauce shortage

California is one of the world’s largest producers of tomatoes, and with current drought conditions in the state, the USA is facing significant shortages. The industry that usually grows around...

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A lot of apple juice is coming from Turkey… or from China?

According to data from the customs authorities, the volume of apple concentrate exports to Poland from Turkey has increased by leaps and bounds. However, the producers suspect that the Turkish...

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Grocery boosts Walmart sales, but profits fall on inflation in Q2

Walmart posted a better-than-expected performance for the second quarter, with companywide revenue and earnings beating analyst estimates. Market share gains in food categories, “strong” private label sales and higher-than-average tickets...

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Lidl and Aldi second only to Tesco for UK market share

Discount supermarkets Lidl and Aldi are currently second only to Tesco for UK market share, with a combined share of 16.1%, according to the latest Kantar data. Lidl and Aldi have...

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SPAR Opens Its First Supermarket In Latvia

Retail giant SPAR has opened its first supermarket in Latvia in the city of Saldus, 120 kilometres west of Riga. In 2021, SPAR International granted a licence to operate the brand in...

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Hungary is now free of bird flu, but thousands of poultry were slaughtered again in the Netherlands

All 5,000 laying hens were killed in the Dutch egg-producing farm where bird flu infection was identified in the morning hours, and the poultry stocks of seven other farms located...

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Polish and Serbian fruit growers do not want to leave plums on the trees

Due to low fruit prices, fruit growers are faced with a dilemma: should they continue harvesting or should they stop? It is easy to say that this should be done,...

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According to AM, the significantly higher grape prices than last year are justified

The estimates for the low grape harvest and the grape price forecasts awaiting the approval of the wine regions justify significantly higher grape prices than last year during this year’s...

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