Market News

DélKerTÉSZ expects a good vegetable harvest

The Southern Horticultural Cooperative (DélKerTÉSZ) expects a good vegetable harvest this year, but vegetables will become more expensive due to higher production costs, said Nagypéter Sándor, the head of DélKerTÉSZ...

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Chamber of Agriculture: erroneous applications can be corrected without penalty until June 20

It is possible to correct errors detected during the ex-ante control of single applications without penalty until 20 June 2022, the National Chamber of Agriculture (NAK) pointed out in a...

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Fitch: inflationary pressures will slow global economic growth this year

The global economy is likely to grow at a much slower-than-expected pace this year due to the demand-driven effects of intensifying global inflationary pressures and renewed Chinese restrictions on coronavirus,...

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Warsaw welcomes Biden’s plan to set up silos to boost Ukrainian grain exports

In an interview with Polish public service television on Wednesday, Polish Agriculture Minister Henryk Kowalczyk welcomed the announcement of Joe Biden to set up cross-border silos to boost Ukrainian grain...

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Virtual is the new reality

Refillable products are more and more popular. Both retailers and brands pursue this sustainable path, e.g. recently Asda has opened four stores offering refillable products. At the same time eco-conscious...

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Hungarian Product launches loyalty website

With prize games for Spar and CBA, the loyalty website of Hungarian Product Nonprofit Kft. was launched on 10 March. Managing director Eszter Benedek explained that www.magyaranyero.hu serves as an...

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The EU doesn’t feed but eats the world, shows new report from WWF Europe

WWF Europe, that has been actively participating in debates around the steps necessary to make Europe’s food system more sustainable and tackling challenges of the war in Ukraine, published a...

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The purchase price of wheat is constantly rising

The country is divided not only in the amount of precipitation, but also in the condition of the grain fields, agrarszektor.hu wrote. While there was a lot of rainfall in...

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Four-fifths of consumers choose domestic apples

Apples are one of the most popular fruits among Hungarians, we like to consume them raw, as compotes, in cakes and in the form of drinks. However, we have noticed...

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ManpowerGroup: 30 percent of employers are looking for new labor

In the next quarter, 30 percent of Hungarian employers indicated that they were looking to increase their workforce, while 17 percent planned to cut it, according to ManpowerGroup’s labor market...

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MKIK GVI: a small minority of companies are free from the effects of war

According to a survey conducted in April, the proportion of companies that reported a factor complicating their business due to the Russo-Ukrainian war was 92 percent, the MKIK Institute of...

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KSH: industrial production has increased

In April, the volume of industrial production was 3.1 percent higher than a year earlier, and working day adjusted output increased by 4.7 percent. Seasonally and working-day adjusted industrial output...

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German agriculture minister: food prices continue to rise

Food prices are expected to rise further in Germany as a result of Russia’s war against Ukraine, the German agriculture and food minister said in an interview on Tuesday, saying...

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Both production and sales are on a growth path

From 2022 Koch’s Torma Kft.’s portfolio also contains Develey products. Head of sales József Bacskai told that the company’s sales grew by double-digit numbers in 2021 – in Hungary and...

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Guinness cold brew coffee beer launched in the United Kingdom too

After successfully launching the product in the USA last year, Guinness has rolled out Guinness cold brew coffee beer in the United Kingdom. The drink is available in a 440ml can...

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Waitrose and Deliveroo go bigger with delivery partnership

This summer Waitrose & Partners will expand its delivery partnership with Deliveroo by adding more than 70 new locations. The partnership with Deliveroo, is bringing new customers to Waitrose: almost a...

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Hard times

Cereal, egg and energy prices have been rising since the second half of last year, together with shipping and packaging material costs. This spring the war in Ukraine broke out...

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Hungarian farmers should not be disadvantaged by imported products from third countries

The strict production standards required of European farmers must be extended to agricultural products imported from third countries, Minister of Agriculture István Nagy said at the Agriculture and Fisheries Council...

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Inflation may fall towards the end of the year, in the meantime households may be preparing for a difficult period

According to the analysis of Intrum and GKI, inflation data are expected to improve towards the end of the year, and the forint exchange rate and consumer prices may be...

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The rise in agricultural prices accelerated further

In April, agricultural producer prices were on average 45.7 percent higher than a year earlier, with the pace of price increases accelerating by 8.3 percentage points compared to March, according...

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The weather did not cause significant damage to the settlements

The rainy-stormy weather of recent weeks has not caused significant damage to the plantations, FruitVeB told MTI.   According to the inter-branch organization, sour cherries are less affected by precipitation...

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KSH: increased passenger traffic and decreased freight in the first quarter

Compared to the low base of the previous year, the performance of intercity passenger transport increased sharply in the first quarter of this year, while the performance of freight transport...

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Hungary will increase funding for research and development and innovation from 1.6 percent to 3 percent by 2030

Hungary will increase funding for research and development and innovation from the current 1.6 percent of GDP to 3 percent by 2030, Csák János, Minister of Culture and Innovation said...

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The number of one-person households has risen steadily over the past decade

There are more and more one-person households worldwide, which can be linked to prosperity, rising incomes and aging, among other things. However, according to one study, the fewer people living...

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The future is starting now – the obesity epidemic is here

At the European Congress on Obesity, one of the topics discussed was the European Regional Obesity Report 2022 by the WHO, which reveals that obesity has become an epidemic in...

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Mondelēz to sell its chewing gum business

Mondelēz International Inc plans to sell its chewing gum business, including brands Trident and Dentyne, and the Halls cough drop brand. The company intends to focus on chocolates and snacks...

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(HU) Júliusban érkezik az évközi emelés a nyugdíjasoknak

Sorry, this entry is only available in HU....

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(HU) Digitálissá válik Buda egyik legnépszerűbb termelői piaca

Sorry, this entry is only available in HU....

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(HU) Az USA-ban már drágább a benzin, mint a sör

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AM: Exports of agricultural products continue to grow

Foreign trade in agricultural and food products contributes greatly to the positive balance of the national economy from year to year, and in recent years the agricultural economy has typically...

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