Market News
The volume of coffee exports increased, but national data differ
World coffee exports amounted to 11.11 million bags in June 2022, compared with 10.97 million in June 2021. Exports in the first nine months of coffee year 2021/22 (October/21 to...
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The crisis did not stop company acquisitions
Despite the financial and geopolitical difficulties, the international transaction market is standing its ground, which is mostly driven by private equity investments, according to EY’s international study evaluating corporate mergers...
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The income of McDonald’s in Hungary increased enormously
The sales revenue of the Progress Restaurant chain, which operates McDonald’s restaurants in Hungary, was HUF 32.25 billion in the first six months of the year, which is an annual...
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Hungarians try to save a lot, but wouldn’t get rid of their cars
Nearly 60% of Hungarians expect higher electricity and gas bills in the fall, while a household with an average income could only manage HUF 3,000-3,000 extra per month. In terms...
Read moreLidl tells UK farmers it will take drought-affected fresh produce
Lidl will sell “stunted” fruit and vegetables affected by the drought to support farmers and ensure food does not go to waste. The supermarket chain has written to its UK fresh...
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That’s the way Hungarian are planning to save a lot
Hungarian internet users are not too optimistic about the rest of the year, more than three-quarters of them expect their financial situation to deteriorate – mfor.hu points out based on...
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US to overhaul nutrition policy after 53 years
The US task force on hunger, nutrition and health has submitted a consensus report with recommendations to the White House on how to improve nutrition, end food insecurity and reduce...
Read moreOVF: the drought has eased, the need for irrigation has decreased
Due to the wetter weather of the last few days and the amount of water coming from the watersheds of the large rivers, the drought has eased, and in addition,...
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Attention! The previously declared drought situation also helps the producers
The Minister of Agriculture announced a drought situation for the entire territory of Hungary. In a departure from the previous practice, the drought situation declared at the end of the...
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Six things about beer cans that few people know
In the heat of summer and during festivals, people pick up hundreds of thousands of metal beverage containers – or as everyone calls them: beer cans – in order to...
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Sales in the Italian FMCG sector increased by 8% compared to last year
The turnover in the Italian FMCG sector reached €11.8 billion in June 2022, growing by 8% on last year’s performance and 5.2% on a like-for-like basis, according to Nielsen IQ...
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Could the price cap be over? This is the opinion of the constitutional lawyer and the agricultural economist
As we wrote about earlier, the Hungarian store chains joined forces: they challenged the price cap at the Constitutional Court. ATV now asked constitutional lawyer István Lövétei and agricultural economist...
Read moreFood has become more and more expensive in Hungary in recent years
While in July 2020, compared to the same period of the previous year, the price of food increased by 7.8%, this seemed to moderate by 2021, when the price increase...
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MAGOSZ: You can’t arbitrarily raise land rents
Deviations from the average profit wage must be justified by the parties in advance in the contract. MAGOSZ wrote in a social media post about how to request a higher...
Read moreWe have no good news, it turned out that this is how much wheat and corn actually cost in Hungary
According to the AKI PÁIR data, grain prices have run wild in Hungary, as in the rest of the European Union. In its August forecast, the International Grains Council (IGC)...
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This is how the shops played tricks because of the price freeze
Magyar Nemzet reported that some of the shops do not comply with the price cap, so 14 percent of the official inspections carried out until August revealed violations. Most of...
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Ministry of Agriculture: Turkish-Hungarian agricultural relations must be further strengthened
There are further opportunities in the Turkish-Hungarian agribusiness relations – Minister of Agriculture István Nagy stated, according to the ministry’s statement, after he met with his Turkish counterpart Váhit Kiriscsi...
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We will not be freed from the grip of the drought for at least another quarter year
Some parts of drought-stricken Europe can look forward to a warmer, drier period than usual for another three months, the European Union noted in its report on Wednesday. According to...
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Will people born after 2010 no longer be able to buy tobacco products in the EU?
The European citizens’ initiative called “Call to achieve a smoke-free environment and the first European smoke-free generation by 2030” will be registered, the European Commission announced on Wednesday. The organizers...
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Some shops may need to close at 8 pm
Among the poorer countries, there are now plenty of examples of energy supply problems that deeply affect everyday life, for which European governments are currently only trying to prepare. It...
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Goodbye green: Aldi and Müller push for clear milk tops in recycling trial
German supermarket giant Aldi has teamed up with its milk supplier Müller to trial a new type of plastic top that will make it easier for consumers to recycle own-brand...
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Will the Sunday shop be closed again?
Due to the increased energy prices, the closing of shops on Sunday was once again on the table. According to the trade union leader who commented on the case, employers...
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Corporate reimbursement is also affected by the new overhead rules
Due to the rules on utility reduction, which will be amended on August 1st, the tax-free utility allowance given to the employee may also come to the fore. Employment in...
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More than one billion bottles of champagne – Törley is 140 years old
Törley Pezsgőpincészet Kft. has produced more than one billion bottles of champagne since its founding, i.e., on August 1, 1882. On the occasion of its 140th birthday, the company compiled...
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In the EU, 15% of crops are in critical condition due to drought
Almost half of the EU countries suffer from drought, which hinders agriculture, energy production and water supply – the European Commission’s Joint Research Center (JRC) recently confirmed, as cited by...
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If farmers do not pay attention to this, farmland can become barren
All over the world this summer, the heat reached record highs. We are facing the driest period since 1976, and due to climate change, this was probably our last coolest...
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K&H: companies spend significantly less on innovation
The majority of Hungarian companies, 62 percent, see themselves as innovative, and those active in trade evaluated their operations most positively from this point of view. However, a significantly smaller...
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Dr. István Nagy: a competitive food industry can supply the population with quality products
Hungarian agriculture is able to supply the population with high-quality Hungarian food with the cooperation of agriculture that produces excellent raw materials and the developing food industry that increases its...
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Strawberry seedlings of unauthorized origin were seized by the NÉBIH
About 6,000 strawberry seedlings of unknown origin were seized by the experts of the National Food Chain Safety Office (Nébih) during test purchases at strawberry propagating material distributors in Bács-Kiskun...
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Meat tax could help cut emissions?
An environmental tax on retail meat products could help lower greenhouse gas emissions in high-income countries, but it would have to be significant to have an impact, according to University...
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