Market News

KSH: here are the foods that experienced the most significant inflation in one year

In August, consumer prices exceeded a year earlier by an average of 15.6 percent, and increased by 1.8 percent in one month, the Central Statistical Office (KSH) reported on Thursday....

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Az online kiskereskedelmi értékesítés aránya 15 százalékra nőtt a régióban

The proportion of online sales in retail has increased to 15 percent in Central and Eastern Europe, which is an increase of 9 percentage points compared to five years earlier,...

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MNB: rising food prices explain rising inflation

In August, inflation accelerated by 1.9 percentage points compared to the previous month, which is mainly explained by the increase in the food price index. Compared to the previous month,...

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Government information: companies working in energy-intensive industries receive state support

SMEs working in energy-intensive industries, as part of production chains, can receive state support for the purpose of job protection in order to prevent the government from major problems that...

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41 applications from 34 applicants earned the use of the Value and Quality Grand Prize Certification Trademark

The awards of the Value and Quality Grand Prize Contest were presented at the Economy Festival, in the Főrendiház meeting room of the Parliament on September 8. This year, 41...

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Trappist is still strong

Cheese sales had retained their momentum in 2021, but 2022 broke this to a certain extent. Balázs Hunya, Sole-Mizo Zrt.’s senior brand manager: “Inflation and economic difficulties have their effect...

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Economic development is the basic priority of agricultural policy

The strategic plan of Hungary’s Common Agrarian Policy offers tangible solutions to the challenges facing agriculture – stated the State Secretary of the Ministry of Agriculture responsible for agriculture and...

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Recent analysis: inflation jumped to 15.6%, food prices increased more than expected

Inflation rose close to expectations to 15.6% in August due to the very wide price increase. The rising price pressure is reflected by the fact that core inflation jumped very...

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AM: European farmers should not be burdened with excessive regulations

At the invitation of the Deputy Prime Minister of the Republic of Poland, Henryk Kowalczyk, the EU agriculture ministers met in Bialystok, Poland, on the occasion of the 19th International...

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TikTok starts selling fresh food in the United Kingdom

TikTok users can now buy fresh food on the platform from the relevant brand’s TikTok shop page. The social media platform has joined forces with a variety of brands to...

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EU report: this year was the hottest summer in Europe so far

This summer was the hottest in Europe’s history, record-breaking heat waves occurred on the continent, and forest fires ravaged the continent due to a drought not seen in centuries, the...

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István Nagy: EUR 189 million in new support for small and medium-sized farms

With the enhanced support for the first hectares of farms, 189 million euros of resources will be regrouped to small and medium-sized farmers from 2023 – announced the Minister of...

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Carrefour Unveils €30 Shopping Basket In Spain Following Price Cut Proposal

Carrefour is to sell Spanish consumers a basket of 30 basic goods for €30, the company has announced, days after Spain announced it was considering asking major retailers to offer special price packages to mitigate inflation....

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Heineken Aquires Control of Craft Brewery Beavertown

Heineken has taken full ownership of craft beer company Beavertown. As a result, Plant will step down CEO and take a new advisory role as part of the deal, which was...

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According to analysts, inflation like we have never seen is coming

Inflation is expected to continue to rise in August, and by the end of the year the rate of price increase may reach 20 percent, which has not been seen...

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Will the Netherlands become a testing ground for EU food strategies?

The Dutch government is still not budging from its radical plan to reduce nitrogen emissions, which would lead to the closure of more than 11,000 livestock farms and the slaughter...

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The price of flour is rising, bread is becoming more expensive

Hungarian mills have become uncompetitive in Romania, so we can expect another increase in the price of flour at home – and bread will also become more expensive. Most of...

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Future Food Fest: An insight into the future of the food industry

Following three years of planning, the first Future Food Fest was organised on 9 June, calling the attention of Hungarian FMCG companies to the challenges of the future. One of...

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There is such a shortage of bakers that they are looking for a baker in Diósd for a net price of 650,000

Another peak salary in the hospitality industry has appeared on the labor market. The labor shortage is at such a level that they would hire workers at previously unimaginable wages....

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There are places where it will be forbidden to advertise meat products

Haarlem, the Netherlands, is the first city in the world to ban the advertising of meat products after the local government classified meat as one of the products contributing to...

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Challenging times for the logistics industry

Supply chain management often involves significant risks. The constantly evolving economic and political landscapes along with a wide range of other factors often lead to unforeseen circumstances with difficult-to-predict long-term...

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According to the Ministry of Agriculture, it is therefore important to develop conscious consumer habits

Today’s most important goal is to ensure good advertising for Hungarian industry and Hungarian products – according to the announcement of the Ministry of Agriculture (AM) on Wednesday, the state...

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Private label market continues to grow

After a two-year hiatus, on 31 May-1 June the Private Label Manufacturers Association (PLMA) organised the “World of Private Label” trade show in Amsterdam with personal presence. On 30 May...

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Competing retail channels in the butter market

According to the GfK Hungária Household Panel, butter volume sales were 3% lower in 2021 than in 2020, but due to a price increase value sales augmented about this much....

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Sustainable management is of social interest

The new cycle of the Common Agricultural Policy, starting next year and lasting until 2027, has been designed in such a way that, thanks to higher national co-financing, within the...

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Croatia’s Studenac and Wolt to build a dark store network

Croatian retailer Studenac has teamed up with European delivery platform Wolt, to launch a network of online dark stores. This service will let customers order products exclusively through the Wolt...

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San Benedetto enters the energy drink category

Italian non-alcoholic beverage group San Benedetto has entered the energy drink market: SB Energy Super Boost is an energy drink in a 0.25-litre can format with taurine, caffeine and vitamin...

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Barilla pasta in 100% recyclable packaging across Europe

Following a successful trial in the United Kingdom, Italian food company Barilla plans to launch 100% recyclable packaging across Europe. This move will help Barilla cut down on plastic use...

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Tracks leading into the future

At the end of May the Ministry of Agriculture and GS1 Magyarország organised “The role and significance of tracking in the baking and confectionery industry”. Dr Beáta Olga Felkai, head...

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KPMG: 4 out of 5 managers are preparing for a price increase, but they are also struggling to maintain profitability with other means

In the near future, more than four-fifths of the companies are preparing for price increases that reach or exceed the level of inflation – if they have not yet exceeded...

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