Market News

Tesco rolls out first dairy-free milk drink range under its Wicked Kitchen label

Tesco’s plant-based label Wicked Kitchen has rolled out its very first dairy-free milk drink. There are four variants available: oat, coconut, soy and almond. Products in the dairy-free range contain...

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A significant crop loss is expected in sweet corn due to the severe drought

The sector is in trouble: in addition to the extraordinary economic situation caused by world political and economic events, and the explosive increase in costs, this year nature is spectacularly...

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GKI: this is how overheads increased, and this is how it will affect the budget

The consumer price index in August 2022 was 15.6% compared to August 2021, while the harmonized price index was 18.6%. Of this, 1 percentage point is explained by fuel purchases...

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How one Silicon Valley startup is using computer vision to make shopping frictionless

Silicon Valley startup AiFi (pronounced like “wi-fi”) is the driving force behind no fewer than 86 “computer-vision powered” autonomous stores in North America, Asia, Europe, and the Middle East. AiFi...

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It is not enough that bread has become more expensive by 70 percent, it can be even more expensive

Escaping overhead is also a serious problem for Hungarian bakery businesses – Pénzcentrum points out in a recent article. And although the Hungarian Bakers’ Association does not yet have specific...

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India restricts its rice exports, which could cause a humanitarian disaster

India is also limiting its rice exports, after both exports and domestic prices increased due to the rise in world market prices in the recent period. India, the world’s second...

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The impact of covid on consumer habits continues to this day

The spread of the COVID-19 pandemic has affected consumer behavior in an unprecedented way. The purpose of the research presented by Portfolio was to assess the impact of the lockdown...

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Road carrier costs increased by 22-23 percent in the first half of the year

In the first half of 2022, the Road Transport Price Index (KFX), which shows the costs of Hungarian road carriers, shows an increase of around 22-23 percent compared to the...

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POP trade day

On 23 June a small but enthusiastic group of POPAI members visited the Artmacth POS factory in Timisoara. Everything at the same place Ágnes Péczely-Tóth, head of sales and marketing...

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Japan’s Wholesale Inflation Hits 9% As Price Rises Broaden

Japan’s wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, signalling that persistently high raw material costs continued to squeeze corporate...

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Employing people with disabilities is a help for many companies

Four out of ten Hungarian companies have employees with disabilities, and the majority of employers reported positive experiences with joint work. In the vast majority of cases, the integration of...

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The arable area increased by 32 thousand hectares compared to last year

The size of the agricultural area is 5 million 81 thousand hectares, almost 55 percent of the country’s area, the arable area increased by 32 thousand hectares in one year,...

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BDO: Foreign VAT can only be reclaimed by the end of the month

In Hungary, September 30, 2022 is the deadline by which the VAT paid abroad in 2021 can be reclaimed – Dr. Brigitta Mucsi-Szabó and István Rácz, the tax managers of...

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Hungary’s first gold-crowned confectioner

The memorial exhibition organized in honor of Henrik Spelter, who was born 140 years ago, can be viewed at the Hungarian Trade and Catering Industry Museum until November 20. What...

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Aldi to recruit an official beer taster in the United Kingdom

Aldi says its future beer taster should have a passion for beer and “pints of enthusiasm”, as they would have to review the full product range, which debuts on 15...

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The fruit and vegetable producer organizations have only two days left to make an important decision

Fruit and vegetable producer organizations or their associations, whose approved operational program extends beyond December 31, 2022, must submit an application by September 15, 2022 regarding the form in which...

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The development potential is there in the soybean sector

The Hungarian Soybean and Protein Plant Association takes the lion’s share in the transfer of knowledge related to soybean cultivation, one of the important locations of which is the roadshow...

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Alcampo buys 235 DIA stores

Auchan’s Spanish subsidiary Alcampo has agreed to buy 35 supermarkets and a warehouse from DIA Group. The acquisition will increase Alcampo’s existing network by more than 180,000m² of sales area....

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It’s worth adapting the operations of companies to sustainability expectations

In the short term, it entails costs, but it’s worth it to adapt the companies’ operations to sustainability expectations – Opten told MTI on Monday. The survey data show that...

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Pet food manufacturer Fressnapf is establishing a new service center in Budapest

The German Fressnapf, Europe’s largest manufacturer of pet food and equipment, will establish its service center employing 150 workers in Budapest – announced Levente Magyar, the parliamentary state secretary of...

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EU Spirits Exports Increase By 24% In 2021

EU spirits exports increased by 24% in 2021 compared with the preceding year to reach a value of €8.41 billion, according to spiritsEUROPE, which represents producers of alcoholic spirits at the...

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The Nutri-Score story continues

As there is no professional forum for large-scale harmonisation in the field of front-of-pack (FOP) labelling of food products in Hungary, let’s summarise what happened in the past and what...

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Portugal’s Continente adds new insect-based products

The latest additions to Continente’s Portugal Bugs range are dehydrated and seasoned crickets. Shoppers can choose from crickets with sea salt, along with thyme and pepper, and tomato and oregano...

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Morrisons is the first to sell carbon neutral eggs

Morrisons has become the first supermarket to launch private label, carbon neutral eggs. Morrisons “planet-friendly eggs” come from the retail chain’s giant farms, where hens are fed a soya-free diet...

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Milk Product advice: new rules apply to Trappist cheese

With the increase in consumer awareness, there is an increasing social demand for high-quality food, as a result of which the Hungarian Food Book (MÉ) may soon be expanded with...

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Data and intuition

Trade Marketing Club (TMK) members met in Panificio il Basilico Restaurant and Bakery in Szentendre on 2 June. Ildikó Kátai, one of the club’s co-founders welcomed participants and introduced the...

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KSH: the increase in agricultural producer prices continued to accelerate in July

In July, the producer price of agricultural products was on average 50.7 percent higher than a year earlier, the rate of increase accelerated by 2.4 percentage points after June’s 2.9...

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The Ministry of Agriculture strongly supports the survival of small and medium-sized producers across the border

The Ministry of Agriculture constantly monitors the development of the fate of small and medium-sized producers across the border and supports their survival by all means, thereby ensuring the opportunity...

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For many grocers, tech investments aren’t yet paying off

Seventy-three percent of retailers say they’re continuing to invest in and experiment with technology to boost the shopping experience, according to a recent survey of retail executives conducted in the second quarter...

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Four fifths of Hungarian small businesses consider sustainable corporate operations to be important

Four fifths of domestic micro and small businesses consider sustainable corporate operations to be important; their main motivation is internal conviction, and not social expectation or some perceived advantage –...

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