Market News
ISM New Product Showcase: The top innovations of ISM 2024
In the sweets and snacks industry innovations have always played a decisive role in the development of unique products. At ISM, the leading global trade fair for the sweets and...
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NAK-MAGOSZ: We will use all means against Brussels’ new destructive measures
MAGOSZ and NAK strongly reject the measure proposed by the European Commission the other day, with which they would extend the completely free import of Ukrainian foodstuffs for another year. The...
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Walmart announces ambitious 5-year growth plan
The retailer aims to build or convert more than 150 locations by 2029 and remodel 650 stores during the next 12 months. Walmart announced Wednesday a five-year plan to build or convert...
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Agrometeorology: the lands lack the cold
Cold would be needed to reduce the number of pests and pests on the fields, HungaroMet Zrt. wrote in its agrometeorological analysis on Thursday. They wrote that the temperature was...
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The food industry is also desperate because of the houti issue
In recent years, there has been increasing tension in the Red Sea region due to the armed attacks on ships by Yemeni Houthi terrorists. In recent times, escalating tensions in...
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Private Labels vs Brands – Adapting To Consumer Shifts And Innovating Pricing Strategies
Food sales are expected to show only weak growth in 2024, and this fact certainly poses serious challenges to FMCG brands. Ananda Roy, FMCG consultant and vice president of Circana,...
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AKI: meat and eggs have also become cheaper
Based on the latest summaries published by the Institute of Agrarian Economics (AKI), by the beginning of 2024 we can see a significant price reduction in the field of meat...
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In January, the increase in food prices moderated to 5.7 percent in France
In France, the annual consumer price increase slowed to 3.1 percent in January from 3.7 percent in December, the French statistical office INSEE announced as preliminary data on Wednesday. In...
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The EU would extend the suspension of import duties on Ukrainian exports
The European Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the European Union for another year, and has proposed to extend by...
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Long-term cooperation for innovative and sustainable fisheries management
The Hungarian University of Agricultural and Life Sciences (MATE) and the Hungarian National Fishing Association (MOHOSZ) held an important senior management meeting, one of the main topics of which was...
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Spanish farmers are preparing for demonstrations
Following several European countries, Spanish farmers are also preparing for demonstrations, after the three largest Spanish farmers’ organizations agreed on the movements on Tuesday. According to the joint announcement of...
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Oeconomus: the wheat harvest in Hungary increased by 36 percent last year
Based on preliminary data, the yield of most field crops increased last year, for example, farmers across the country were able to harvest 36 percent more wheat than the previous...
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Customer Loyalty Schemes Key To Success For Retailers, GlobalData Says
Loyalty schemes offered by retailers could hold the key to success for FMCG retailers, according to data and analytics firm GlobalData. Consumers are increasingly taking advantage of loyalty schemes, particularly...
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Carrefour Polska Partners With Foodsi To Tackle Food Waste
Carrefour Polska has announced it will join forces with the Polish start-up Foodsi to help fight food waste. Foodsi is an application in which users can buy full-value products, with a...
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It is also possible to improve soil life from the air
A cooperation agreement was signed by MATE Tanggazdaság Nonprofit Kft., ABZ Drone Kft. and Bio-Nat Kft., the manufacturer and distributor of Mikro-Vital products. According to this, an experiment will be carried...
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Oatly and Carvel partner to bring dairy-free flavors to stores nationwide
The self-described “cult classic ice cream shoppe,” will offer oat-based soft serve, scoops, and ice cream sandwiches in 18 states. Starting this week, Swedish oat-milk based company Oatly will introduce...
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Minister of Agriculture: Brussels has once again left Eastern European farmers alone
Brussels has once again failed Eastern European farmers, as it plans to extend the autonomous trade liberalization measure granted to Ukraine until June 2025 without proposing any solution to the...
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The price of M-tray eggs at the packing point decreased the most
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 94 percent to almost 77,000 tons in January-October 2023 compared to the same period...
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5 trends that will dominate the retail industry in 2024
According to Oliver Olschewski – CEE CEO of Offerista Group: “In the coming year, companies will face a triple transformation: digital, sustainability and organizational transformation. Personalization of the shopping experience...
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Changes are coming to corporate loans – banks are scrutinizing companies due to sustainability risks
Starting this year, fundamental changes have come into effect in the field of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in some way. While...
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The new consumer trends determine the development directions of the food industry and rearrange the food market
New consumer trends, such as the increase in demand for alternative diets and ready-made meals, as well as the intensification of the geopolitical and climate situation, strongly determine the development...
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The Hungarian government bans artificial meat, elsewhere it is seen as salvation
The Hungarian government has engaged in another culture war, this time against artificial meat. According to the planned measure, Hungary would be the second country in the world to ban...
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Half of Europe is paralyzed under the pressure of farmers
Within the European Union, farmers have mobilized in several countries to protest against the difficulties experienced in the agricultural sector. In Belgium, France and Italy, roads were also blocked with tractors,...
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In Romania, the prime minister announced the extension of the margin limit for staple foods
In Romania, the effect of the decree limiting the margin applicable to staple foods, which entered into force on August 1, 2023, will be extended by another two months, which...
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Kavosz: the Agricultural Enterprise Credit Guarantee Foundation reduces its guarantee fees
The Agrár-Vállalkozasi Hitelgarancia Alapítvány (AVHGA) will significantly reduce the guarantee fees for agricultural loans in the Széchenyi Card Program, so that agricultural enterprises will also get cheaper loans from the...
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One Fifth Of Consumers ‘Have Already Used Generative AI’ When Shopping
A fifth of consumers have already used generative AI tools when shopping, with 72% aware of the use of the technology in shopping experiences, a new study by Capgemini has...
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Exports of live pigs and pork also decreased
According to data from the European Commission, in January-October 2023, the European Union sold 20 percent less (3.5 million tons) of fresh, frozen and processed pork on the international market...
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Barilla Group provides a minimum of 12 weeks out for all parents starting January 1st 2024
With a new Global Parental Leave Corporate Policy effective on January 1st 2024, Barilla will offer a minimum paid parental leave of 12 weeks for all parents, a total of...
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Auchan, Carrefour, Intermarché team up to buy 288 Casino stores
The deal is finally done: three French retail groups team up to acquire 288 Casino stores for 1.35 billion euros. New in the endeavour is Carrefour, which takes over 26 stores. French map...
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The Soil-X-Change project has started
The Soil-X-Change project started under the leadership of a Hungarian consortium (Innomine) with the participation of 9 countries. At the “kick-off” project starting meeting held in Budapest on January 23-24,...
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