Market News
DS Smith opens new eco-classroom in Füzesabony
For the third time this year, DS Smith opened an eco-classroom in Hungary. This article is available for reading in Trade magazin 2024/11 As part of the project realised with...
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Call for proposals to support individual advisory services has been published
A new call for proposals has been published with a budget of HUF 10 billion to support individual advisory services provided to farmers, thus helping sector players to cope with...
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Hero Group acquires British brand Deliciously Ella
Swiss food company Hero Group has acquired British healthy snack brand Deliciously Ella for an undisclosed sum. This article is available for reading in Trade magazin 2024/11 With this move...
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Mondelēz joins forces with Amcor for a greener Cadbury packaging
Mondelēz International has partnered with Amcor to introduce new packaging, made from 80% certified recycled plastic for Cadbury chocolate bars in the UK and Ireland. It is expected that around...
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In addition to delicious desserts, poppy seeds are the raw material for many of our medicines
Poppy seeds are not only excellent as a traditional raw material for our desserts. Due to their rich vitamin and mineral content, their consumption also contributes to the healthy functioning...
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Growth, successful campaigns, new partnerships: this was 2024 for Hungarian Product
This year Hungarian Product set a new record with 260 trademark users, who now strengthen the Hungarian economy with nearly 6,000 products bearing the label. We spoke to Eszter Benedek,...
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It is important that the post-2027 agricultural policy makes the EU’s agriculture farmer-friendly
It is important to discuss how the conclusions on the post-2027 Common Agricultural Policy (CAP) will make the European Union’s agriculture farmer-centric and farmer-friendly, the Hungarian Minister of Agriculture stated...
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EHI: AI is revolutionising retail
According to a new study by EHI, there is great potential in using generative AI in retail trade. This article is available for reading in Trade magazin 2024/11 IT consultancy...
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AM: From January 1, buyers must pay producers within 30 days
From January 1, buyers must pay producers within 30 days. The 30-day payment deadline for agricultural and food products has been a requirement since 2012, but – in order to...
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Tata Consumer Products to grow Starbucks cafes in India to 1000
Tata Consumer Products (TCPL) is set to capitalise on the expanding coffee market in India by scaling up its cafe operations through its joint venture, Tata Starbucks. MD and CEO...
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52 percent of agricultural machinery investments were spent on power plants
Individual farms and corporate enterprises purchased new agricultural machinery and equipment worth 135.2 billion forints in the January-September 2024 period, which was 41 percent lower than the turnover a year...
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KSH: Agricultural output in 2024 fell by 8.0 percent compared to the previous year
The total output of agriculture in 2024 amounted to over 4.0 thousand billion forints, falling by 8.0 percent compared to the previous year. The decrease was caused by a combined...
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Drop in alcohol consumption in France driven by wine, study says
The fall last year was attributed mostly to a 4.2% decline in wine sales volumes year-on-year. A fall in wine consumption in France drove a drop in the sales of...
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Aldi opened nearly 120 stores in 2024
Fast-growing discount grocer gets closer to its goal of opening 800 new stores by 2028 ‘Tis the season for Spotify Wrapped—the music streaming service’s annual recap of users’ individual listening...
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EU and Mercosur countries reach political agreement on planned free trade agreement
The European Commission and representatives of Mercosur countries have concluded negotiations on a free trade agreement and reached a political agreement on its conclusion, the Brussels-based executive body announced on...
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The 25th anniversary of Hungarian Entrepreneurs’ Day was held
The 25th Jubilee of the Hungarian Entrepreneurs’ Day was celebrated on December 6, 2024, in Budapest, at the MÜPA. At the event, János Eppel, President of the National Association of...
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FAO: Global food prices rose to more than a year-and-a-half high in November
Global food prices rose to their highest level since April 2023 in November, according to data published on the website of the Food and Agriculture Organization of the United Nations...
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This is how Hungarians shopped for Christmas this year
Christmas is one of the most cherished times of the year, filled with the joys and challenges of gift-giving. A recent survey conducted by Pepita.hu, involving more than 4,000 participants, provides...
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In addition to traditional flavors, more and more special flavors of szaloncukor are diversifying the range
From traditional flavors to candies made with special fruits and spices, consumers can choose from an extremely wide range of products this year. According to the overview of the National...
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Nébih experts examined vegetable and fruit food rescue packages
The Pro Filii Foundation, which coordinates the charitable activities of the Mészáros Group, organized its usual Advent food donation program for the fifth time. This year, the organization, with the...
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Legal pálinka production in crisis: tax-free private distillation distorts the market
The situation of Hungarian commercial pálinka distilleries continues to deteriorate, their turnover has reached a record low, while the market is increasingly dominated by distillates made for private use but...
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Mihály Varga: the Hungarian economy successfully received the last credit rating of this year
“This year alone, the credit rating agencies have assessed Hungary 12 times, and despite the deterioration of external conditions, they have kept our country in the investment grade category every...
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Nébih: 7 out of 25 “rescue packages” were on the verge of compliance from a food safety perspective
The National Food Chain Safety Office (Nébih) recently conducted a product test under its Szupermenta program, focusing on fruit and vegetable food rescue packages. These increasingly popular packages, often available through mobile...
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Challenges in Hungarian Grain Production: Focus on Quality and Sustainability
At the Portfolio Agrárszektor 2024 Conference, industry experts revealed that 60% of Hungary’s corn harvest is unsuitable for food production, leading to a loss of key export markets, including Italy. Although this...
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A light truck delivers sweets – Waberer’s supports ten thousand children in need on Santa Claus’ Day
Waberer’s, which regularly participates in the delivery of donations to the Hungarian Maltese Charity Service throughout the year, has decorated its truck with festive lights. This year, on Christmas Eve,...
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Christmas rush: parcel traffic doubles during the holidays
During the holiday season, parcel traffic related to online orders increases significantly, which places a heavy burden on parcel delivery services and post offices. Parcel carriers are warning customers to...
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Hungarian companies are optimistic about climate change
According to EY’s international research, the majority of Hungarian companies are optimistic about meeting their climate targets, and 70% are confident that they will reach their sustainability goals. This article...
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Researchers from the University of Debrecen examined the role of sweet corn in preserving health
Researchers from the University of Debrecen (DE) examined the increase in the yield of sweet corn and its role in preserving and improving human health: the four-year project, carried out...
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The future of automated stores: Unmanned stores may appear in Hungary too
Coop Szeged Zrt. will soon take its store network to a new level by introducing automated technologies. According to the company, the Coop unit on Szent István Square may be...
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Smartphone payments turnover increased by 180 percent in two years
In ten months, K&H customers spent more than 469 billion forints with smart devices. This is 58 percent more than a year earlier, while compared to the same period in...
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