Market News
Instead of seasonal workers, “pick it yourself” days dominate the fruit market
The plum season is starting, and producers can pay up to HUF 200 a kilo if the buyer picks it from the tree. “Pick it yourself” days are becoming more...
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In July, inflationary pressure eased slightly in Germany
In July, according to expectations, the inflationary pressure in Germany eased slightly, according to the Wednesday report of the German Federal Statistical Office, Destatis. Inflation continues to be driven by...
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The increase in prices has slowed in the United States, but inflation is still close to the record
In the United States, consumer prices rose by 8.5 percent in July compared to a year earlier, the statistics office of the US Department of Labor announced. The figure is...
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Spain: Vegetable exports in May reached a historic sales record
The turnover of Spanish vegetable exports increased by 10.67% until May, reaching a historical record of 3.955 billion euros. Despite the increase in exports, the volume decreased by 3.43%, the...
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Repeated changes in the poultry meat and egg sectors, as well as in the reference prices for egg albumin
The Commission’s executive order (EU) 2022/1323 has been published on specific amendments to regulation 1484/95/EC in the poultry meat and egg sector, as well as the reference prices for egg...
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Spain has testing a new solution for the safe transport of Ukrainian grain
Spain is testing the efficiency of Ukrainian grain transportation by rail with a 600-ton shipment of corn, which is scheduled to arrive in Barcelona from the Polish-Ukrainian border at the...
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Every third Estonian resident buys the cheapest options on the supermarket shelf
Every third Estonian resident buys the cheapest options on the supermarket shelf, a new study by Kantar Emor and the Estonian Food Industry Association shows. Estonian products are preferred if...
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Corona Beer§s own eco-toursm island is worth visiting
Global beer giant Corona announced the grand opening of its namesake island today, a tropical eco-tourism paradise. Located just off the coast of Colombia, it is the first ever Blue...
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How Is Britain’s Cost-Of-Living Crisis Affecting Consumer Behaviour?
As a cost-of-living squeeze on household incomes looks set to worsen in the United Kingdom, here are how consumers are adapting to the rising prices of everything from food to...
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GKI: How much energy do companies save with investments?
GKI Gazdaságkutató Zrt. examined whether the enterprises had implemented energy-saving investments in the last 3 years, and how much energy savings they achieved. The survey was conducted in May 2022,...
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Due to the drought, we can even pay a quarter higher price for olive oil
Acesur, the leading exporter of olive oil, predicts an increase in the price of the product in the next three to four months as heat waves threaten production capacity in...
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Another extraordinary measure: it is forbidden to take firewood out of the country
Due to the energy crisis caused by the war and Brussels sanctions, the government orders an export ban on energy carriers, including firewood. The government controls the export of firewood...
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Russia and Ukraine have agreed on the protection of the Ukrainian grain exportchannel
Ships exporting Ukrainian grain through the Black Sea will be protected by a 10-nautical-mile buffer zone under a deal agreed Monday by Russia, Ukraine, Turkey and the United Nations. After...
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Is margarine bread a luxury item? And a few other things that are brutally expensive now
In July 2022, consumer prices were on average 13.7% higher than a year earlier. Such high inflation has not been seen in 24 years! But what went up in price...
Read moreThese are the rules for loan moratorium and damage payment due to drought
The regulations governing the new loan moratorium due to the drought and special payments by insurers due to drought damage have been published. A loan moratorium and interest-subsidized loans will...
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A global shortage is coming, Hungarians’ favorite side dish may disappear from the shelves
India, the world’s largest rice exporter, is struggling with serious problems, so its exports may decrease, warns Bloomberg. In India, despite praying for rain, they have not sown rice in...
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This is the message of the FAO food price index, which has started to fall
There is no sign of domestic food prices yet, but the FAO food price index has been falling for the fourth month. Zoltán Fórián, the leading agricultural expert of the...
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Unprecedented inflation is coming to Hungary
Inflation continues to grow in Hungary, in a never seen before. Inflation data in Hungary once again caused quite an unpleasant surprise, as the CSO measured a 13.7% annual increase...
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The world wants more and better formula, dynamic growth of the goat milk powder sector is expected
Demand for milk powder made from goat’s milk stagnated for a long time, but due to the expanding formula market, serious growth is expected in the sector. Most breast milk...
Read moreJuly heatwave boosts supermarket spendings in UK
Scorching weather resulted in a boost in supermarket sales last month, a recent report has revealed. According to Barclaycard, spending grew 7.7% in July compared to the same period in...
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The invention of the Australians promises lower overhead costs and an environmentally friendly context for poultry farmers
A new hybrid geothermal and solar energy system can dramatically reduce emissions and energy costs at many Australian poultry farms, according to a recent announcement from the University of Melbourne....
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The USDA believes in a growing organic sector, new, uniform standards are coming
On Friday, the US Department of Agriculture (USDA) previewed the Organic Livestock and Poultry Standards (OLPS) proposed rule in the Federal Register. With this publication, USDA proposes requirements for organic poultry and...
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France Expects Wine Production Rebound, But Drought Threatens
Wine production in France is expected to rebound this year from frost-hit output in 2021, although deepening drought may curb volumes, the country’s farm ministry said. Wine production is expected...
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The non-alcoholic wine market in Australia is cracking
For the majority of wine lovers, alcohol-free wine doesn’t make much sense, but many want to enjoy their favorite drink in Australia without the risk of a hangover. Several wineries...
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The participants of the Upper Tisza PET Cup collected more than 15 tons of waste
The 10th Jubilee Upper Tisza PET Cup ended with the collection of a record amount of 2,880 bags of waste. In the competition for boats built from pill bottles, the...
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Brits are turning back to cash – says Post Office
According to new research by the Post Office, people are increasingly turning back to cash as they look to control their spending during the cost of living crisis and soaring inflation....
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The situation of Polish apple producers has improved due to the decrease in the Chinese harvest
The season was good, around 3.2 million tons of apples go to processors in Poland this year, but Idared is no longer the leading variety. At the Prognosfruit conference held...
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World’s top cocoa producer expecting high crop despite below-average rains
Good soil moisture content in Ivory Coast’s cocoa regions is helping pods develop well on trees, making for a strong start for the October-to-March main crop despite below-average rains in...
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With these tricks, customers may avoid price increases
In 2022, product prices in Hungary skyrocketed. The increase in prices affected food to one of the greatest extents. In many cases, the price of vegetables, fruits and packaged food...
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Modern crisis management: we order a lot of things from China
We order a lot of things from outside the EU, mainly from China – an article by Pénzcentrum points out. When it comes to the gold medal source country, China,...
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