Market News
We buy less and less food
In July, the volume of retail trade was 4.3% higher than a year earlier. However, the details behind the apparently strong data strongly shade the picture: with the exception of...
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Good news for Hungarian livestock breeders! South Korea has lifted its ban on European pork and poultry imports
South Korea lifted the ban on the entire European pork and poultry trade due to African swine fever in 2018, and due to bird flu in 2021, the measure benefits...
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In July, retail sales rose in the euro area and the EU
In July, retail trade turnover increased by 0.3 percent compared to the previous month in both the euro zone and the countries of the European Union, based on the Monday...
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The wave of development in Hungarian agriculture continued
The amount of agricultural investments increased by almost 21 percent in the first quarter of this year, and by more than 25 percent in the second quarter. The developments that...
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FruitVeb: gardeners fear a shortage of fertilizers
The EU’s sanctions policy also affects the supply of fertilizers, as the gas crisis worsens, a shortage may develop – read the statement of the FruitVeb Hungarian Vegetable and Fruit...
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The government decided on an extraordinary agricultural interest subsidy program
In view of the extremely severe drought situation, in order to improve the financing situation of agricultural production and ensure the security of the food supply, the government will create...
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The Economic Competition Authority has noticed influencer marketing, new rules are coming!
In the fall, the Economic Competition Authority (GVH) will publish the information on the marketing of the new influencer, which will give opinion leaders much more detailed guidelines for legal...
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Marks & Spencer: Partnership with Benefit Cosmetics
Marks & Spencer has entered into a partnership with Benefit Cosmetics, which will see the retailer sell the brand in its UK stores as well as online from this autumn....
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Is fast delivery more important than everything else? – Future Trade conference – Which way are logistics and delivery services going?
Logistics and shipping were also discussed at the Future Trade conference in May. András Táncsics, the CEO of Boxy Logisztikai Zrt. was the first speaker. He introduced the future-proof logistics...
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Online Retailers Face Cardboard Shortage
According to the German E-Commerce and Mail Order Association (bevh), online retailers are currently suffering from significantly rising costs for cardboard packaging. Bottlenecks could arise if the energy crisis intensifies...
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PepsiCo rolls out healthier crisps
PepsiCo has launched its first ever high in fat, salt or sugar (HFSS) compliant range of “healthier” Walkers and Doritos crisps. Popular crisp brands Walkers Baked and Doritos Dippers have...
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Magazine: We want to use less plastic
Plastic Free July is a worldwide initiative that is getting more popular year after year: its goal is to turn this month into a plastic-free one, when consumers don’t buy...
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German Consumer Sentiment Reaches All-Time Low In September
According to the German Retail Association (HDE), consumer sentiment in the country deteriorated again in September amid concerns about the energy crisis, high inflation, and COVID-19 related uncertainties. Having reached an all-time low...
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Tesco to increase store security as “desperate people” turn to shoplifting
Tesco will increase security measures across its stores as “desperate people” turn to shoplifting amid the cost-of-living crisis. Chairman John Allan said shoppers will see extra security tags on food as well...
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TIM State Secretary: the number of products with the eco-label is already close to 90,000
The increase in interest in environmentally friendly products is shown by the fact that the number of products with the eco-label is now close to 90,000 – the state secretary...
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Extra caution is justified: bird flu is once again spreading throughout Europe
From Portugal to Finland, the highly pathogenic avian influenza virus has been detected in several European countries in recent weeks, which clearly proves that the disease continues to pose an...
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The Association of European Fertilizer Manufacturers is asking the EU for help due to high gas prices
According to Fertilizers Europe, much of European fertilizer production has been forced into temporary or complete shutdown due to exploding gas prices, which are more than 1,000% higher than a...
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The Ministry of Agriculture strengthens the system of food chain supervision
The past years have presented serious challenges to all segments of the food chain, to which we must respond, so in the future the supervision of food chain safety will...
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The amount of funds available for rural development has tripled
Thanks to the 80 percent domestic co-financing, compared to the previous EU cycle, the amount of resources available for rural development has tripled, to 4,265 billion in seven years, said...
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These are now the challenges of supply chain management in the food industry
The supply chain management area is of strategic importance to manufacturing companies in crisis situations. As Ukraine is one of The Most Important Agricultural Exporters in Europe, the ongoing war...
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FAO Food Price Index drops for the fifth consecutive month in August
The FAO Food Price Index* (FFPI) averaged 138.0 points in August 2022, down 2.7 points (1.9 percent) from July, registering its fifth consecutive monthly decline. Despite the latest drop, the index remained...
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Sustainability: Commitments vs. reality
In Poland PwC’s ESG team published the results of a survey in mid-July, which can help to understand the Hungarian retail and consumer industry too. Half of Polish firms are...
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Mastercard: the start of school boosts retail traffic across Europe
According to Mastercard SpendingPulse™, which measures in-store and online retail sales, total retail sales are expected to increase in the first few weeks of back-to-school compared to last year –...
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EY & Oxford Analytica: this is how investors’ expectations become stricter
Money in green funds is growing, despite this, raising capital may become more and more difficult even for companies operating responsibly from an environmental, social and corporate governance (ESG) point...
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Tesco takes steps to save plastic
Tesco has stopped using wrapping on its private label, multipack juice cartons, water bottles and fizzy drinks, to achieve its sustainability goal of saving 45 million pieces of plastic a...
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Gfk: moderate growth is expected in the technical consumer goods market after the record year of 2021
Moderate growth is expected in the technical consumer goods market in 2022 after the record year in 2021 Demand has already slowed down in the first six months of 2022...
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The wine market is more price sensitive than ever
The Budavar wine festival will open soon, and there are more and more similar events across the country, for example the Sopron Harvest Days will start soon. How do wine...
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K&H: a significant part of Hungarians could only go without pay for 1 month
Although salaries have risen significantly in recent years, by more than 15 percent, the period that can be bridged without a salary has not increased. 30-59-year-olds could bridge an average...
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On average, young people spend HUF 40,000 during a festival, beer is priced between HUF 400-500
More than half of young people go to festivals with parental funds, typically 1-2 times a year, on which they spend an average of HUF 39,312 each, according to research...
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August is the month of Hungarian products
In August nine Hungarian FMCG manufacturers took part in the Hungarian product month programme, which was organised by Hungarian Product Nonprofit Kft. Managing director Eszter Benedek explained that every year...
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