Market News
Unilever turns to generative AI to cut costs and boost growth
Unilever has teamed up with digital solutions company Accenture to introduce generative AI, in a bid to reduce costs and drive efficiency. The food and drink manufacturer has expanded its...
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Kaufland favours Bioland meat
Kaufland is expanding its organic range to include meat products produced in accordance with Bioland guidelines. 17 items, including minced meat and schnitzel, are now Bioland-certified. The food retailer Kaufland...
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The corn and sunflower yield forecast has been changed
By the beginning of September, agricultural chamber yield estimation data based on both satellite and producer data are available for domestic corn and sunflower. For the former, the third lowest...
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The FAO food price index decreased slightly in August
According to the Friday report of the UN Food and Agriculture Organization (FAO), the world market index of food commodities decreased slightly in August, as the drop in quotations of...
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Mihály Varga: the prospects for the Hungarian economy are good
The prospects for the Hungarian economy are good, the current moderate economic growth is accelerating – said Minister of Finance Mihály Varga at the closing plenary session of the 62nd...
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KSH: industrial production fell by 1.3 percent in July
In July 2024, the volume of industrial production was 1.3 percent lower than a year earlier, adjusted for the working day effect, the Central Statistical Office (KSH) reported on Friday...
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Extra costs of the start of the school year: most parents spend more than just on school supplies
The costs of starting school in September go far beyond stationery and classical equipment. According to a recent survey by Pepita.hu, sports and the purchase of a new desk or...
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Hungary’s milk consumption is above the world average
More than 6 billion people worldwide consume milk and milk products, and the global average is 87 kg per person per year, according to FAO 2021 data. During the last...
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Apple harvest and prices: further shortages and price increases are expected during the season
According to FruitVeb’s forecast, the 2024 apple harvest may decrease significantly in Hungary, which predicts a 10-15 percent increase in the price of edible apples on store shelves. This season,...
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Health, nature, wallet
Organic food is defined as products that don’t contain artificial additives or preservatives, and are grown and produced without the use of synthetic chemicals, pesticides or genetically modified plants or...
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We value and strongly support the work of beekeepers
The activity of beekeepers makes our environment livable and sustainable. Honey can be imported, but pollination cannot, but without it, there is no future and no food security either –...
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Apple Tap to Pay has arrived in Europe: it can revolutionize commercial payments
Apple’s new payment service, Tap to Pay, arrived in Europe this year and simplifies payment processes by turning iPhones into POS terminals. The technology allows users to make contactless payments...
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Drought-stricken crop prospects: tragic domestic corn and sunflower harvest in 2024
By the beginning of September, final estimates of this year’s Hungarian corn and sunflower harvest will be available, which were prepared by the National Chamber of Agrarian Economy (NAK) based...
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The Online Platform Dispute Settlement Council begins its operation
The range of legal remedies against certain measures of online platforms that negatively affect users has been expanded following the transposition of the European Union’s digital services regulation. The president...
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Revolut is introducing a serious change
Revolut introduces new cryptocurrency payment cards that allow users to make daily purchases with cryptocurrency. The new virtual cards can be integrated with the Apple Pay and Google Pay systems,...
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A strong European agriculture is in the interest of all of us
Strong European agriculture is a strategic issue not only for farmers, but for all EU citizens, which the European Commission must help with by all means. This is what the...
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Sustainability and innovation in packaging
This article is available for reading in Trade magazin 2024/8-9 Since the launch of the waste concession, MOHU has taken a number of measures to increase the proportion of separately...
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Another wave of development is expected in the horticulture sector
To support the planting of fruit, medicinal and herb plantations from September 10; and for the development of horticultural greenhouses, cold stores, vegetable and potato storage facilities and support for...
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The demand for grain combines decreased the most
Individual farms and cooperatives bought HUF 89.5 billion worth of new agricultural machinery and tools in the period January-June 2024, which was 49 percent less than the turnover of a...
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Danone pulls back from Nutri-Score labels
Danone is to remove the Nutri-Score labels on its dairy and plant-based drinks sold in Europe. One of the first major food and drink companies to voluntarily sign-up to the...
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The work of beekeepers is greatly appreciated and given special support
The activity of beekeepers makes our environment livable and sustainable. Honey can be imported, but pollination cannot, but without it, there is no future and no food security either –...
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Morrisons pilots scan and go at six branches
Morrisons has launched scan and go at six stores as part of a nationwide trial of the new technology. The supermarket giant said it was debuting the technology to gauge...
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According to KPMG’s study, more and more company acquisitions are preceded by ESG due diligence
According to the latest research by KPMG International, despite economic and geopolitical challenges, ESG (environmental, social and governance) aspects are playing an increasingly important role in corporate due diligence prior...
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KSH: retail turnover increased by 2.5 percent in July compared to the same period of the previous year
In July, according to raw data, the turnover volume of retail trade increased by 3.3 percent, adjusted for the calendar effect, by 2.5 percent compared to the same period of...
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NGM: the increase in retail turnover continued in July
The sales revenue of retail stores increased by 6.3 percent in one year, which still lags behind the significant nominal increase in wages. The slower growth of commercial turnover points...
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Slow growth in Europe, stagnation in Hungary: mixed picture in retail trade
The European retail turnover increased barely perceptibly compared to June, while stagnation is observed in Hungary, according to the latest Eurostat report. European Union data showed an increase of only...
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(HU) Komoly változások jöhetnek a boltok polcain a klímaváltozás miatt
The consequences of climate change are increasingly serious in the Carpathian Basin, where plant species that were previously well adapted to local conditions may disappear, but the climate is no...
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The Food Rescue Center is collecting donations again
After the Advent and Easter food donation campaigns, Élélmiszermentő Központ Nonprofit Kft. organizes another charity campaign on the occasion of the start of school in September. Food waste is a...
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The EU would reform the common agricultural policy
The EU presented an agricultural expert report on Wednesday, which aims to reform the EU’s common agricultural policy (CAP) in order to better align EU subsidies with the socio-economic needs...
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Domestic consumers generally trust domestic food industry products
Domestic consumers generally trust domestic food industry products, which they consider to be of good quality – declared Dr. Beáta Olga Felkai, Deputy State Secretary of the Ministry of Agriculture,...
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