Market News
A supermarket offers dried and seasoned crickets
Portugal’s Continente is the first European retail chain to offer a complete line of insects. At present, the Portuguese Food Safety Authority accepts seven types of legume as food suitable...
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Italian beer production in 2021 surpasses pre-pandemic levels
Italian beer production reached 17.6 million hectolitres (hl) in 2021, surpassing both 2019’s (17.3 million hl) and 2020’s (15.8 million hl) figures. The figures come from the 2021 Annual Report of...
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Workers from 15 distant countries can now come to Hungary under simplified conditions
Employment in Hungary remains at a record level: in June 2022, the average number of employed persons exceeded 4.7 million people. At the same time, the labor shortage is a...
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Sustainability emerging as key snacking trend
As snacking trends around the world evolve, sustainability is emerging as a key theme across several markets. In a recent blog post, Sally Lyons Wyatt, executive vice president and practice leader of...
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Grapes are more drought tolerant than corn
The heavy rain that came with the cold front a few days ago only slightly alleviated the problems caused by the drought. In Tokaj-Hegyalja, for example, ten times this amount...
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Cereals returned from a six-month low on the stock exchange this week
The price of wheat increased, while that of corn and soybeans decreased. Chicago wheat futures rose on Thursday after earlier hitting a six-month low as participants awaited news on additional...
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Organic milk is no longer considered a premium product
The increase in the producer price reduced the gap between organic farming and the rest of the market. You can buy organic, organically grown milk 40% cheaper than before, which...
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GVH published a quick report on Hungarian market competition
The Economic Competition Authority (GVH) has published its Quick Report on Hungarian market competition summarizing the results of the first half of 2022. The national competition authority ensured the fairness...
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Although more are being sold, the increase in production costs is restraining the expansion of the sheep sector
The demand for live lambs in Europe has increased and sales prices have risen, this does not compensate for the additional costs of farmers, which were further increased by the...
Read moreDespite the drought, a good sugar beet yield is expected in France
France’s largest sugar industry group, Tereos, has announced that it currently expects this year’s sugar beet yield to be above the five-year average despite the lack of rainfall. The largest...
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Spanish farmers fear that olive oil production could drop by a third
Farmers in southern Spain fear that this year’s extreme drought and successive heat waves could cut olive oil production in the world’s biggest producer by nearly a third in the...
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Professional association: seed shortage can be avoided by changing the law
Due to the lower yield averages and poorer quality caused by the extraordinary drought, the Ministry of Agriculture has introduced relaxations in the classification of eared seeds at the suggestion...
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AM: the government’s goal is to further develop irrigation farming
Irrigation is a public interest, the basis of a safe food supply – stated Minister of Agriculture István Nagy in a video published on his social media page, in which...
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Aldi retains cheapest supermarket title in UK
Aldi has been declared the UK’s cheapest supermarket for the second successive month by consumer watchdog Which?, undercutting Lidl by a mere £1.38 in an average shop. Customers at Aldi...
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Cosmetics industry reimagines packaging for sustainability reasons
Cosmetic packaging is experiencing a shift toward more interactive and environmentally sustainable packaging solutions amid increasingly stringent legislative and consumer pressure. PackagingInsights explores the latest trends in cosmetics packaging with experts from...
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Coca-Cola Europacific Partners Raises Full-Year Revenue
Coca-Cola Europacific Partners has said that it expects pro forma comparable revenue growth of 11% to 13% for the full year, up from its previous forecast of 8% to 10%. In...
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NAV found cold cuts and fruits delivered without refrigeration in the heatwave
The tax inspectors found more than six hundred kilograms of cold cuts, transported without refrigeration in the heatwave, in a van heading from Budapest to Nagykanizsa on the Somogy county...
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Beiersdorf Reports ‘Strong’ First Half, Consumer Sales Up 11.7%
Beiersdorf, the maker of Nivea, has reported a 10.5% increase in sales to €4.5 billion in the first half of its financial year, with its consumer business segment seeing sales up 11.7%....
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We can see a strong price increase at the meat counters in the near future
The pork consumption of Hungarians has changed significantly in recent decades: although after the change of regime, the pork and meat products preferred by consumers were partially replaced by products...
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Research: the drought situation in Europe demands an immediate solution
The drought situation demands an urgent solution to the serious situation of European agriculture and the reconstruction of soil moisture – ELTE researchers warn. ELTE’s announcement on Wednesday stated that...
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Here’s another piece of evidence: The ice damage mitigation system has nothing to do with drought
On July 30, a marked cold front passed over our country. Due to the threat of hail, the National Meteorological Service issued an alert for almost the entire country, and...
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Food portions in stores became smaller – consumer protection also reacted
For a year and a half, napi.hu monitored the stores’ offerings and found that certain products are now being sold for less for the same amount of money as before....
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A kilo of bread will soon cost 1,000 HUF
Bakers are preparing to raise the price of bread and all their other products, because in addition to raw materials, energy is also rapidly becoming more expensive. In a few...
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Árukereső.hu: this is what is in the greatest demand right now
We recently wrote about how products related to saving and energy management come up on Vatera, and now Arukereső has collected the top searches. In Hungary, the number of searches...
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Retail trade slowed down sharply
Falling short of expectations, according to the raw data, the volume of retail trade increased by 4.1% compared to the same period of the previous year, adjusted for the calendar...
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DSM predicts that consumers will switch from more expensive meats to poultry
From the Tuesday forecast of the Dutch chemical company DSM, it can be read that due to the constantly rising food prices, customers are increasingly choosing cheaper poultry meat instead...
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Hungary is a committed partner of FAO in achieving sustainable development goals
Oszkár Ökrös, the Deputy State Secretary responsible for international relations at the Ministry of Agriculture, received Vladimir Rakhmanin, Deputy Director-General of the UN Food and Agriculture Organization (FAO), Regional Representative...
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German Non-Alcoholic Beer Production Sees 74% Growth Over Decade
Non-alcoholic beer production in Germany has increased by 74.1% in the past ten years, according to the latest data from the Federal Statistical Office (Destatis). The production volume was 236...
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US economy proves strong enough ‘to keep recession at bay’
Despite two consecutive quarters of decline, the U.S. economy still does not appear to be in a recession and remains unlikely to enter one this year, National Retail Federation chief economist...
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These are the products most people are searching for during crisis
Online trade is also being profoundly transformed by the crisis: interest in swimming pools and mobile air conditioners has declined, but more and more people want bicycles, tile stoves, sparhelts...
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