Market News
We received bad news about grapes, too
The summer heat waves that hit Europe were not good for the grapes, and due to the historic drought, the harvest in the continent’s largest wine regions started on average...
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70 percent of stores are preparing for a big price increase, customers are pessimistic
Business and consumer expectations continued to deteriorate for the fourth month in August. According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – since...
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Those who switch to this branch of agriculture can receive serious support
The Ministry of Agriculture is offering agricultural producers and forest managers several new and even more effective tools for the new agricultural support period starting in 2023 to encourage field...
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The fertilizer market turned upside down, 1 million tons of nitrogen fertilizer fell out of supply
According to industry analysts, around 1 million tons of nitrogen fertilizer have fallen out of supply in the region so far this year, although there are opinions that speak of...
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“We can only harvest a small crop of poor quality at a huge cost” – farmers are in trouble
The rain arrived late in the eastern regions of the country, barely mitigating the damage caused by the historic drought. Farmers say that most of the crops are so burnt...
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In August, the GKI economic index fell sharply
Business and consumer expectations continued to deteriorate for the fourth month in August. According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – since...
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PepsiCo to build its largest production facility in Colorado
PepsiCo’s beverage division will build a more than 111,400m² production plant in Colorado, its largest factory in the USA, which will open next summer. The new bottling plant will have...
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Uber Eats comes out with new shopping app
Uber Eats is launching an updated shopping app, with new features for consumers and retailers. For consumers, the app will support “closed store shopping” and it will have an item replacement function...
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Migros and SuperMeat agree to produce and distribute cultured meat
Swiss retailer Migros has signed an agreement with Israeli food technology start-up SuperMeat, to speed up the production and distribution of laboratory-grown meat on a commercial scale. Besides joining forces...
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Dm-drogerie markt creates in-store pick-up stations
Dm-drogerie markt is to install pick-up stations for online orders in approximately 700 drugstores across Germany. These pick-up stations complement dm’s existing omnichannel services. For the pick-up process customers get a...
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France’s Lactalis buys Italian cheese maker Ambrosi
French dairy group Lactalis has bought Ambrosi from Switzerland’s Emmi. The parties didn’t reveal the purchase price, but a source told Reuters: the deal gives Ambrosi an enterprise value of...
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Every fourth shopper used a BNPL service in the last six moths
A recent survey, conducted in more than 50 countries by Mastercard – titled World Payments Advisory™ – has revealed: more than a quarter of respondents used some kind of “Buy...
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AI for bigger cargo
Continental has developed an artificial intelligence (AI) based solution for calculating the free loading space of trucks. By using the new system, fleet managers can receive accurate information on their...
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More people pay with bank card
In the first quarter of 2022, the number of transactions from bank card payment jumped 30%. Cards issued in Hungary were used to make 313 million payments, in the value...
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Can thermal decomposition be the solution to the treatment of mixed plastic waste? According to a study, yes!
Pyrolysis (thermal decomposition) can be the solution for the treatment of mixed plastic waste, because it can trigger landfilling and incineration, Roland Berger told MTI based on its study on...
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This year’s Symbol of Sustainability winners
Trade magazin has organised the Symbol of Sustainability competition for the third time. This competition seeks to reward projects trying to make our future more sustainable. The jury panel evaluated...
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Anniversary golf tournament
This June the Business Golf Championship celebrated its 20th anniversary. There were nearly 300 guests at the event, which was organised by Perla Services and took place in Greenfield Hotel...
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Strong first six months from the Henkel Group
In the first half of 2022, sales by the Henkel Group grew by 8.9% to EUR 10.9bn. All business units and regions contributed to the good performance. Carsten Knobel, CEO of Henkel...
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New toilet paper range from Regina
In the last quarter Sofidel Hungary Kft.’s Regina Delicate range will replace Regina Bianka toilet papers on store shelves. The new products are made of much softer paper, the sheet size...
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PENNY carries on with store modernisation programme
Until early August PENNY modernised 73 stores as part of its refurbishment programme, which had commenced at the end of 2020. During the summer almost 30 stores are modernised all...
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SPAR SHOWROOM 2022
POS Services Kft. is happy to announce that our SPAR SHOWROOM 2022 programme will soon take place, with SYNERGY as its main topic. At the event partners will have the...
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UK retail sales growth slows to lowest level this year
Retail sales growth slowed to its lowest rate this year last week according to new data, although it was still ahead on a year-on-year basis. Total like-for-like sales increased by...
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An icon has passed away!
On 20 August Péter Magyar, founder and managing director of food and drug product wholesalers Interfruct passed away, at the age of 76. In 2007 he was the first to...
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It wasn’t FMCG products that drove retail sales in June
The Central Statistical Office (KSH) has reported: like-for-like retail volume sales were up 4.1% in June 2022; adjusted for calendar effects, the sales growth was 4.5%. However, sales of grocery...
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Food inflation around 30% in July
Data by the Central Statistical Office (KSH) reveal: consumer prices elevated by 13.7% in July 2022, in comparison with July 2021. In one month prices became 2.3% higher on average....
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GKI’s economic sentiment index decreased in July, but at a slower pace
GKI’s economic sentiment index dropped to a more than one year low in July. A survey conducted by GKI Economic Research has found that business expectations dropped 8 points since...
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Positive developments in the market
According to PÁIR data from the Research Institute of Agricultural Economics (AKI), the production price of bread wheat – without VAT and shipping costs – was HUF 136.9 thousand/tonne, feed...
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US Online Shoppers Rely on Experts Recommendations Instead of Influencers Ad
According to a survey of 1,000 U.S. adults commissioned by online expert review platform The Desire Company, initially released to Chain Store Age, nearly all (90%) respondents are overwhelmed to some...
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Stable points in an unstable period…
…as the experts saw it back in May. On 26 May the Business Dinner – a meeting for FMCG executives – took place in Hungexpo’s new Congress Centre, with the...
Read moreAlmost Half of UK Consumers Want Brands to Absorb Price Rises
Almost half (43%) of UK consumers want brands to absorb price rises in supporting customers during the cost-of-living crisis, an Ello survey reveals. The figure comes as 31% of the...
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