Market News

SPAR Announces International Partnership Agreement Food Tech Firm Whywaste

SPAR has announced an international partnership with food tech company Whywaste as the retailer seeks to boost its food waste reduction efforts. The partnership will see SPAR using Whywaste’s digital solutions in day-to-day operations to...

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Bread, meat, cheese, beer, and tea rose in price the most in Hungary within the EU

There are many foods and beverages whose prices in Hungary have increased most brutally in one year, examining the entire European Union. The price of bread is skyrocketing, but also...

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Payment Experience Report: 6 out of 10 of us have made purchases while lying in bed, but at least it was planned

Based on this year’s report of the Payment Experience Report, online shopping is beginning to find its physical place in our lives: our bedroom has clearly become the main scene...

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Despite the price cap, sour cream, beer and eggs are cheaper even in Germany than here

According to the data of the German Federal Statistical Office (Destatis), the August inflation rate in Germany was 7.9%, which means that the rate of monetary deterioration continued to rise,...

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Emese Antal: “Personalisation is one of the main future nutrition trends”

Trade magazin’s Business Podcast, Future Talks with Szilvia Krizsó continues In the latest episode of the Future Talks podcast Emese Antal, dietitian, sociologist and the director of TÉT Platform was...

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Cereal wonders for health and a flavour experience

Dorottya Fanni Bereczki, Nestlé Hungária Kft.’s brand manager told our magazine that there was a little growth in the cereal market in the first 6 months of 2022. “Value sales...

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A klímaváltozás a kiskereskedelmet is érinti

Climate change is no longer a question, but a fact that presents economic actors with a multitude of tasks. The operation and performance of companies is already affected by climate...

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Czech food company I Love Hummus is called Beavia from now on

Established in 2011, I Love Hummus introduced hummus and kimchi to Czech consumers. In 2021, to celebrate the tenth anniversary of the founding of the company, they decided to launch...

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The legislation on support for feed transport has been published

A decree developed on the basis of the decision of the Drought Emergency Task Force has been published, which provides assistance in financing the transport costs of bulk feed for...

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The unity of the farmers helps the Hungarian countryside through all difficulties

Although the challenges have been increasing for years, the unity of the farmers will help the Hungarian countryside through all the difficulties – said the Minister of Agriculture at the...

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The future belongs to farmers who can learn, change and cooperate

The farming community can only ensure the prosperity of its family and the Hungarians who have been living and producing and farming here for centuries, said Minister of Agriculture István...

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Food inflation: Rice under pressure, prices expected to boil over

Severe disruptions in global rice suppliers combined with a soaring demand for the grain could break the fragile balance between supply and demand, leading to price increases and, once again,...

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Ferrero to build strategic R&D laboratory in Chicago

Ferrero plans to build an innovation centre in Chicago. The new 4,180m² laboratory will bring together Ferrero’s R&D teams from across the USA. About 170 people will work in the new...

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Report on the 2022 corn seed situation

The 2022 corn cultivation and seed propagation were basically determined by the lack of rainfall and the heat. In some regions, after July 2021, there was no significant rainfall during...

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Prime Minister’s Cabinet Office: the protection of the domestic and European honey market is extremely important

The protection of the domestic and European honey market is extremely important, the Prime Minister’s Cabinet Office told MTI on Friday. According to the announcement, beekeepers, like all actors in...

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Three Quarters Of Consumers Have Scanned A QR Code On A Food Or Drink Produc

Some 75% of consumers say that they have scanned a QR code on a food or drink product, with half doing so regularly, a new study by market research firm...

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Smurfit Kappa Acquires PaperBox, Rio de Janeiro Packaging Plant

Smurfit Kappa has announced that it has acquired PaperBox, a packaging plant located in Rio de Janeiro, Brazil. According to the paper-based packaging firm, the transaction – subject to the...

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Euro Zone Inflation Confirmed At 9.1% As Energy, Food Prices Surge

Euro zone inflation hit another record high of 9.1% in August, EU statistics office Eurostat confirmed on Friday, driven by sharply higher energy and food prices, and was likely headed...

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Government information: the food price cap remains

The government held an all-day meeting on Saturday, but the most important decisions were made already in the morning, said Gergely Gulyás at the extraordinary government briefing on Saturday, which...

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Lidl customers have been shifting their grocery shopping to Aldi in UK

Lidl customers have been shifting their grocery shopping to Aldi as £8.1 million of spend has switched over to the rival discount retailer in the 12 weeks to 4 September. The figure...

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EU Parliament wants to extend the new law

Members of the European Parliament have backed a proposal for a law that would ban the sale of agricultural products linked to deforestation. Once the law is approved, businesses will be required...

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The agricultural chambers of the v4 countries call for united action in order to overcome the historic challenges facing the sector

At their meeting in Prague, the agricultural chambers of the V4 countries called on the European Commission to review the “Farm to Fork” strategy. In their opinion, the measures planned...

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Lidl Portugal to install Locky parcel lockers in 100 stores

CTT Group’s new locker company Locky and Lidl Portugal have agreed to partner for the installation of 100 lockers in 100 Lidl stores until the end of 2022. Customers can...

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Evian sparkling water was the British favourite this summer

Evian Sparkling water has been named the best-selling FMCG item according to their July sales data, contributing over £740,000 to the total waters category. Following the Evian Sparkling launch earlier this year...

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Your restaurant, my future

In the last 10 years culinary trends also started going in a sustainable direction. What does running a restaurant sustainably mean? Sourcing is essential, as according to a life cycle...

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Many companies are are turning cloud computing to save money

In many ways, Hungary is the market leader in the region in cloud services. Cloud computing is typically fueled by the desire to reduce costs, a new research shows. In...

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The future of the Hungarian food industry is in focus

The population needs safe and high-quality Hungarian food. For this, it is necessary to ensure the conditions, such as continuous industry communication, changing regulations that adapt to market needs, or...

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M&S stops putting best before dates on fruit and vegetables

Marks & Spencer is removing best before dates from the labelling of over 300 fruit and vegetable SKUs, which comprise 85% of its fresh-produce offering, in order to reduce food...

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It’s important to deliver safe domestic food to consumers

It’s important for the Hungarian government that safe domestic food reaches consumers, and the existence of farmers’ markets helps this – emphasized Márton Nobilis, the State Secretary responsible for the...

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K&H: sharp increase in traffic for smart device payments, but this is only the beginning

Although it would be too early to retire physical bank cards, in the longer term there is a good chance that smart device payments will decline, as they are showing...

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