Market News
We eat more and more sweets
We consume more and more sugar, and low-calorie sweeteners are also gaining more space. A survey by researchers at Deakin University in Australia between 2007 and 2019 shows a 50...
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The Romanian honey crop was literally destroyed by the drought
This year’s honey harvest in Romania will fall well short of the average of previous years, it will not exceed 12-13 thousand tons – Romanian media quoted Ioan Fetea, president...
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Without collecting rainwater, we will not be able to cope with drought in the future
According to the climate researcher, the current devastating drought and 20 persistently hot days are just the beginning, it is hard to imagine what will await us when the temperature...
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The really rough inflation is just coming, some analysts say
Inflation in Hungary may have jumped to 13% in July, according to Portfolio’s survey monitoring analysts’ expectations. In June, the KSH measured an annual rate of price increase of 11.7%,...
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It’s official: from now on, employees have more free time
The European Union guidelines aimed at balancing private life and work must be applied by all member states from August. However, it is not only for this reason that it...
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Spanish garlic producers must expect significant losses
Due to the dry weather, the Spanish garlic crop, which accounts for a significant part of the European turnover, decreased by approximately 20%. It will be a difficult season for...
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Spanish ports can’t handle the load, how long will sea freight work?
The price of shipping by sea is getting cheaper, which is why the traffic in this field is increasing. Even if only temporarily, this means that the companies are overloading...
Read moreEuropean road transport prices break new records
Inflation, weakening demand, social instability and the war in Ukraine are leading to tumultuous developments in road freight prices, reveals the Ti / Upply / IRU Road Freight Rate Benchmark for Q2 2022. For the first...
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FAO Food Price Index registered a steep drop in July, crisis to stay with us until next year
The FAO Food Price Index (FFPI) averaged 140.9 points in July 2022, down 13.3 points (8.6 percent) from June, marking the fourth consecutive monthly decline. Nevertheless, it remained 16.4 points (13.1 percent)...
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The grapes went well with the table in many ways
The year 2022 is a serious challenge for agriculture due to the drought. However, domestic grape growers also reported positive effects. This year’s heat waves and the decreasing amount of...
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According to analysts, despite the Russian-Ukrainian war, industrial production expanded in June
In spite of the Russian-Ukrainian war, industrial production expanded in June – the analysts pointed out in their analysis sent to MTI, commenting on the latest data of the Central...
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The food crisis will remain with us next year
Global food prices have fallen in recent weeks due to the resumption of grain shipments to Ukraine and recession fears, but experts say the food crisis may intensify next year...
Read moreThe drought is getting worse, but according to the OVF, water needs still be met
The drought is expected to intensify, but national water needs can still be met. In 10 of the twelve water directorates, preparedness to protect against water shortages is in effect,...
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This is the secret behind Kométa 99’s spectacular revenue growth last year
Last year, Kaposvár-based Kométa 99 increased its consolidated net sales by 7 percent to HUF 59.8 billion, the Italian family-owned meat processor announced in its annual report published on the...
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The drought also affects the price of olive oil
The Minister of Agriculture of Spain, the world’s largest exporter of olive oil, warned that this year’s olive harvest could be in trouble. “If there is no more rain or...
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Canola and silver linden honeyed well, but the drought caused serious problems
Hungary has produced a quantity of acacia honey that has not been seen in ten years, but sunflower honey has to be canceled due to the drought – we learn...
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The rise in prices came in several waves: food inflation is already over 34 percent
Looking back over the past 12 months, it can be seen that Hungarian stores were hit by price increases in several waves. The first jump occurred at the end of...
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A supermarket offers dried and seasoned crickets
Portugal’s Continente is the first European retail chain to offer a complete line of insects. At present, the Portuguese Food Safety Authority accepts seven types of legume as food suitable...
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Italian beer production in 2021 surpasses pre-pandemic levels
Italian beer production reached 17.6 million hectolitres (hl) in 2021, surpassing both 2019’s (17.3 million hl) and 2020’s (15.8 million hl) figures. The figures come from the 2021 Annual Report of...
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Workers from 15 distant countries can now come to Hungary under simplified conditions
Employment in Hungary remains at a record level: in June 2022, the average number of employed persons exceeded 4.7 million people. At the same time, the labor shortage is a...
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Sustainability emerging as key snacking trend
As snacking trends around the world evolve, sustainability is emerging as a key theme across several markets. In a recent blog post, Sally Lyons Wyatt, executive vice president and practice leader of...
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Grapes are more drought tolerant than corn
The heavy rain that came with the cold front a few days ago only slightly alleviated the problems caused by the drought. In Tokaj-Hegyalja, for example, ten times this amount...
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Cereals returned from a six-month low on the stock exchange this week
The price of wheat increased, while that of corn and soybeans decreased. Chicago wheat futures rose on Thursday after earlier hitting a six-month low as participants awaited news on additional...
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Organic milk is no longer considered a premium product
The increase in the producer price reduced the gap between organic farming and the rest of the market. You can buy organic, organically grown milk 40% cheaper than before, which...
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GVH published a quick report on Hungarian market competition
The Economic Competition Authority (GVH) has published its Quick Report on Hungarian market competition summarizing the results of the first half of 2022. The national competition authority ensured the fairness...
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Although more are being sold, the increase in production costs is restraining the expansion of the sheep sector
The demand for live lambs in Europe has increased and sales prices have risen, this does not compensate for the additional costs of farmers, which were further increased by the...
Read moreDespite the drought, a good sugar beet yield is expected in France
France’s largest sugar industry group, Tereos, has announced that it currently expects this year’s sugar beet yield to be above the five-year average despite the lack of rainfall. The largest...
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Spanish farmers fear that olive oil production could drop by a third
Farmers in southern Spain fear that this year’s extreme drought and successive heat waves could cut olive oil production in the world’s biggest producer by nearly a third in the...
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Professional association: seed shortage can be avoided by changing the law
Due to the lower yield averages and poorer quality caused by the extraordinary drought, the Ministry of Agriculture has introduced relaxations in the classification of eared seeds at the suggestion...
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AM: the government’s goal is to further develop irrigation farming
Irrigation is a public interest, the basis of a safe food supply – stated Minister of Agriculture István Nagy in a video published on his social media page, in which...
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