Market News
July heatwave boosts supermarket spendings in UK
Scorching weather resulted in a boost in supermarket sales last month, a recent report has revealed. According to Barclaycard, spending grew 7.7% in July compared to the same period in...
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The invention of the Australians promises lower overhead costs and an environmentally friendly context for poultry farmers
A new hybrid geothermal and solar energy system can dramatically reduce emissions and energy costs at many Australian poultry farms, according to a recent announcement from the University of Melbourne....
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The USDA believes in a growing organic sector, new, uniform standards are coming
On Friday, the US Department of Agriculture (USDA) previewed the Organic Livestock and Poultry Standards (OLPS) proposed rule in the Federal Register. With this publication, USDA proposes requirements for organic poultry and...
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France Expects Wine Production Rebound, But Drought Threatens
Wine production in France is expected to rebound this year from frost-hit output in 2021, although deepening drought may curb volumes, the country’s farm ministry said. Wine production is expected...
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The non-alcoholic wine market in Australia is cracking
For the majority of wine lovers, alcohol-free wine doesn’t make much sense, but many want to enjoy their favorite drink in Australia without the risk of a hangover. Several wineries...
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The participants of the Upper Tisza PET Cup collected more than 15 tons of waste
The 10th Jubilee Upper Tisza PET Cup ended with the collection of a record amount of 2,880 bags of waste. In the competition for boats built from pill bottles, the...
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Brits are turning back to cash – says Post Office
According to new research by the Post Office, people are increasingly turning back to cash as they look to control their spending during the cost of living crisis and soaring inflation....
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The situation of Polish apple producers has improved due to the decrease in the Chinese harvest
The season was good, around 3.2 million tons of apples go to processors in Poland this year, but Idared is no longer the leading variety. At the Prognosfruit conference held...
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World’s top cocoa producer expecting high crop despite below-average rains
Good soil moisture content in Ivory Coast’s cocoa regions is helping pods develop well on trees, making for a strong start for the October-to-March main crop despite below-average rains in...
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With these tricks, customers may avoid price increases
In 2022, product prices in Hungary skyrocketed. The increase in prices affected food to one of the greatest extents. In many cases, the price of vegetables, fruits and packaged food...
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Modern crisis management: we order a lot of things from China
We order a lot of things from outside the EU, mainly from China – an article by Pénzcentrum points out. When it comes to the gold medal source country, China,...
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EUROPEAN COMMISSION: farmers can get at exemption to produce more food on their lands
At the request of the member states, due to the uncertain global food supply situation, the European Commission will allow farmers in 2023 a temporary exemption from certain crop rotation...
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Craft beer is facing hard times
It is not easy for those who want to thrive in the craft beer business here today: two years ago, the outbreak of the pandemic and closures made it almost...
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We eat more and more sweets
We consume more and more sugar, and low-calorie sweeteners are also gaining more space. A survey by researchers at Deakin University in Australia between 2007 and 2019 shows a 50...
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The Romanian honey crop was literally destroyed by the drought
This year’s honey harvest in Romania will fall well short of the average of previous years, it will not exceed 12-13 thousand tons – Romanian media quoted Ioan Fetea, president...
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Without collecting rainwater, we will not be able to cope with drought in the future
According to the climate researcher, the current devastating drought and 20 persistently hot days are just the beginning, it is hard to imagine what will await us when the temperature...
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The really rough inflation is just coming, some analysts say
Inflation in Hungary may have jumped to 13% in July, according to Portfolio’s survey monitoring analysts’ expectations. In June, the KSH measured an annual rate of price increase of 11.7%,...
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It’s official: from now on, employees have more free time
The European Union guidelines aimed at balancing private life and work must be applied by all member states from August. However, it is not only for this reason that it...
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Spanish garlic producers must expect significant losses
Due to the dry weather, the Spanish garlic crop, which accounts for a significant part of the European turnover, decreased by approximately 20%. It will be a difficult season for...
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Spanish ports can’t handle the load, how long will sea freight work?
The price of shipping by sea is getting cheaper, which is why the traffic in this field is increasing. Even if only temporarily, this means that the companies are overloading...
Read moreEuropean road transport prices break new records
Inflation, weakening demand, social instability and the war in Ukraine are leading to tumultuous developments in road freight prices, reveals the Ti / Upply / IRU Road Freight Rate Benchmark for Q2 2022. For the first...
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FAO Food Price Index registered a steep drop in July, crisis to stay with us until next year
The FAO Food Price Index (FFPI) averaged 140.9 points in July 2022, down 13.3 points (8.6 percent) from June, marking the fourth consecutive monthly decline. Nevertheless, it remained 16.4 points (13.1 percent)...
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The grapes went well with the table in many ways
The year 2022 is a serious challenge for agriculture due to the drought. However, domestic grape growers also reported positive effects. This year’s heat waves and the decreasing amount of...
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According to analysts, despite the Russian-Ukrainian war, industrial production expanded in June
In spite of the Russian-Ukrainian war, industrial production expanded in June – the analysts pointed out in their analysis sent to MTI, commenting on the latest data of the Central...
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The food crisis will remain with us next year
Global food prices have fallen in recent weeks due to the resumption of grain shipments to Ukraine and recession fears, but experts say the food crisis may intensify next year...
Read moreThe drought is getting worse, but according to the OVF, water needs still be met
The drought is expected to intensify, but national water needs can still be met. In 10 of the twelve water directorates, preparedness to protect against water shortages is in effect,...
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This is the secret behind Kométa 99’s spectacular revenue growth last year
Last year, Kaposvár-based Kométa 99 increased its consolidated net sales by 7 percent to HUF 59.8 billion, the Italian family-owned meat processor announced in its annual report published on the...
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The drought also affects the price of olive oil
The Minister of Agriculture of Spain, the world’s largest exporter of olive oil, warned that this year’s olive harvest could be in trouble. “If there is no more rain or...
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Canola and silver linden honeyed well, but the drought caused serious problems
Hungary has produced a quantity of acacia honey that has not been seen in ten years, but sunflower honey has to be canceled due to the drought – we learn...
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The rise in prices came in several waves: food inflation is already over 34 percent
Looking back over the past 12 months, it can be seen that Hungarian stores were hit by price increases in several waves. The first jump occurred at the end of...
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