Market News

China has not been in such trouble for decades

There are more and more signs that this year China will not be able to meet the GDP growth rate set for this year by the leadership in Beijing, which...

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Lots of small businesses are shutting down this year

A fifth less gas and 7 percent less electricity were consumed in Hungary after the announcement of the reform of the utility reduction than at the same time a year...

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Hungarians keep buying instant soups in bulk

Every year, more and more instant noodle soups are sold around the world, and in 2020 the number of portions sold increased drastically. Although mainly Asian countries are considered large...

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The energy crisis shot German producer prices to unprecedented heights

In Germany, producer prices rose to an unprecedented extent in July in an annual comparison. The German Federal Statistical Office, Destatis, announced on Friday that producer prices in July were...

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SMEs expect high sales growth – but how much of this will inflation take away?

Based on the results of the second quarter of the K&H SME Confidence Index 2022, businesses expect a 12 percent increase in sales revenue and a 7 percent increase in...

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Apples will also be more expensive in the USA, even though growers expect a good harvest

The United States is the second largest producer of apples in the world behind China and grows about 200 unique varieties of apples. The USDA apple production estimate for the...

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Farmers in the UK have lost a huge amount of money because there are not enough seasonal workers

In the first half of the year, more than £60 million worth of fresh produce was wasted due to chronic labor shortages in the fruit and vegetable industry. In the...

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Payments related to rural development tenders are dynamic

In the current wartime economic environment, developments are taking place in agriculture, despite all the difficulties, 88 billion forints have been paid to investors for the implementation of the projects...

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More and more rabbit meat is being sold in Hungarian retail chains

The interest in rabbit breeding and the sale of rabbit meat is increasing – said the president of the Rabbit Professional Organization and Product Council at Farmer Expo in Debrecen...

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Vertical farming on a small scale? This can help the work of Austrian grocery stores!

BILLA became the first food retailer to test vertical farming in Austria. In collaboration with the Israeli agricultural technology company Vertical Field, the herbs and salads are grown in containers...

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Supply chain issues impact Peruvian avocado exportsto Europe this season

Juan Carlos Paredes, President of the Peruvian Association of Hass Avocado Producers (ProHass) spoke of the challenges the Peruvian avocado export industry has faced during the 2022 season. As inflation, high...

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NRF: Consumers keep shopping despite inflation

Consumers kept shopping in July. Retail sales in July edged up 0.8% from June 2022 and were up 7.1% unadjusted year-over-year, according to the National Retail Federation, whose calculation excludes...

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Melon will be available in the usual, excellent quality for a few more weeks

“Summer, melon, I love it” – the juicy and honeyed melon will be available in the usual high quality for a few more weeks. This is what the Agricultural Marketing...

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Fed promises: they will raise until they beat inflation

After the 75-basis-point interest rate hike in July, Fed will not consider stopping the tightening until they see a significant decrease in inflation, according to the report of the American...

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Is the era of cheap food over?

“Food should be green and, above all, expensive,” said German Minister of Agriculture Cem Özdemir in the spring of 2021, in his first interview after taking office. Then he added:...

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Winemakers are also worried about the drought and inflation

According to the Ministry of Agriculture, the estimates for the low grape harvest and the grape price forecasts awaiting approval by the wine regions justify significantly higher grape prices than...

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Romanians’ GDP lags behind Hungarian growth

In Romania, the economy expanded by 5.3 percent in the first half of this year, both in terms of raw and seasonally and calendar-adjusted values compared to the same period...

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7,200 kilos of sweets from champions to children in need

In July and August, the Magyar Élélmiszerbank Egyesület presented 5,494 needy children with candy packages. The donations were distributed in charity camps, which were visited by the brand ambassadors of...

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Irish Consumer Sentiment Hovers At 22-Month Low In August

Irish consumer sentiment slipped marginally to hover at a 22-month low in August as respondents said they expected to further cut back on major purchases in the coming months, a...

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So far, they have asked for a hefty price, but now eggs will be even more expensive

In Hungary, the packing point price of table eggs (M+L) from cage farming was HUF 37.25 per piece in the first thirty-one weeks of 2022, which was 34.9 percent higher...

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We received shocking news about European agriculture, that’s what the war did

The outbreak of the Russian-Ukrainian war has caused significant disruptions in global agricultural markets, in particular both sides are major exporters of cereals, oilseeds and fertilizers. This was visible not...

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Pakistani-Hungarian agricultural cooperation has a serious future ahead of it

Dr. Oszkár Ökrös, Deputy State Secretary responsible for international relations, and Asad Rehman Gilani, President of the Pakistan Investment Board (BOI), discussed the possibilities of bilateral agricultural cooperation. During the...

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We are facing the most difficult three months of the Hungarian economy

Increase in utilities, fuel changes, transformation of the kata, drought – between August and October, inflationary pressure is heavier than ever before on the Hungarian population. In this period, it...

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Welsh government plans to ban all single-use plastic bags

The Welsh Government has introduced legislation to ban all single-use plastic bags, currently sold for around 5p from most supermarkets and convenience stores. The government (Senedd) has published a draft...

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British supermarkets running out of water – customers panic

British people can buy a limited amount of bottled water, 3-5 bottles per person, but despite the restriction, supermarkets have run out of stock. Great Britain has officially declared a...

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Farm 2 Fork Stratégia: EFSA tudmányos vélemény a sertéstartás állatjóléti körülményeiről

EFSA has published a scientific opinion on the welfare of pigs on farm, the first of several opinions on animal welfare to be delivered in the coming year in the context...

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There are already grocery chains where you can pay for bulk purchases in installments

A British grocery chain is allowing its customers to pay in installments to help them cope with rising inflation. Iceland Food Club offers interest-free loans of between £25 and £100,...

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Analysts did not expect such a level of GDP growth either – this could be the reason

As we wrote about earlier, domestic GDP increased by 6.5% in the second quarter, while it expanded by 1.1% compared to the first quarter. All of this exceeded not only...

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Rising office prices make the situation of companies more difficult

Financial and construction costs are also increasing, but demand is falling due to the dangers of recession: the European office market is facing extraordinary challenges, vg.hu points out. The European...

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Many products may disappear from Lidl’s shelves

In addition to food, the Lidl supermarket chain also offers drugstore goods, clothing, household appliances and tools in its stores, but this may change as early as next year, reports...

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