Market News
We can expect a larger wheat harvest in the EU this year
The International Grains Council (IGC) first published its forecast for the 2025/2026 marketing year in March. They indicate a global wheat harvest of 807 million tons, 8 million tons more...
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KSH: in February, retail turnover exceeded the same period of the previous year by 3.3 percent, decreasing by 0.6 percent compared to the previous month
In February, the volume of retail trade turnover decreased by 0.2 percent according to raw data, and exceeded the same period of the previous year by 3.3 percent, adjusted for...
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NGM: retail turnover increased by more than 3 percent in February – consumer confidence continues to strengthen
In the first two months of the year, the volume of retail trade increased by 4 percent. The increase in turnover indicates a clear strengthening of consumer confidence. Hungarian households...
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Smarter ways to indulge pets
Raw material prices, transportation costs and energy prices, inflation – all of these factors have made pet food production more difficult and generated a significant rise in consumer prices. However,...
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People in Slovakia have started hoarding milk
The new hotspots of the foot-and-mouth disease epidemic in Slovakia are increasing consumer uncertainty – some buyers have started panic-hoarding, especially long-life milk and meat. In Slovakia, the epidemic has...
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Logistics Day will be on Thursday: logistics-related programs are expected across the country this week
In 2025, Logistics Day will be celebrated on April 10. Several countries, including Hungary, are preparing for the event, for example, the Budapest Metropolitan University (METU) and the Hungarian Logistics...
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A new agricultural strategy is taking shape – sustainability, competitiveness, fairness
Agriculture is at a turning point. Climate change, water scarcity, global trade pressures, generational challenges and administrative burdens are all shaping the space for farmers. According to the latest draft...
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AM: The government also helps farmers affected by foot-and-mouth disease with a loan moratorium
The government has decided on further assistance for farmers affected by the extremely rapidly spreading foot-and-mouth disease. Thus, those affected can temporarily use the payment moratorium after their loan contracts...
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Lidl invests EUR 8m in pay increases in Ireland
Lidl Ireland is investing EUR 8m to increase salaries in Ireland and a further EUR 1.31m in Northern Ireland. The pay rise will apply to all employees from 1 March...
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This year, around 700 chamber village economists will help with the submission of unified applications for free
This year, the period for submitting unified applications will run from April 7 to June 10, 2025. Two-thirds of the applications, approximately 105 thousand, are submitted by NAK village economists...
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The tax authority is asking companies for their opinions on electronic invoicing and real-time digital data provision
According to the information, the project owner of the package on the Hungarian side is the Ministry of National Economy (NGM), the professional participant is the National Tax and Customs...
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Peste de petits ruminants (PPR) zones lifted
Since January 31, the National Food Chain Safety Authority (Nébih) has not detected any new outbreaks of PPR. Based on the positive epidemiological results, the authority has lifted all territorial...
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Pernod Ricard buys full control of St Petroni vermouth owner
The French giant first invested in Vermutería de Galicia in 2020. Pernod Ricard has acquired the remaining shares in St Petroni vermouth owner Vermutería de Galicia. The French giant first...
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Colruyt Group takes full ownership of Foodbag
The Belgian Colruyt Group will take complete ownership of Smartmat, the company behind the Foodbag meal boxes, further strengthening its position in the online food market. Foodbag delivers weekly meal...
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No new outbreak, protection against foot-and-mouth disease continues
There is no new outbreak, protection against foot-and-mouth disease continues – emphasized István Nagy, Minister of Agriculture, at a press conference following the meeting of the Animal Health Operational Team...
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Crai To Export Private-Label Brands To Eastern Europe
Italian grocery retailer Crai is partnering with Eastern European distributor Cortelazzi to export its private label-brands to Czechia, Slovakia and Hungary, according to a report in the publication Gdoweek. Cortelazzi’s...
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Submission of 2025 single applications begins
The legislation required for submitting single applications has been published. According to it, farmers can submit their applications for all direct support and rural development titles between 7 April 2025...
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Everyone must strictly comply with animal health regulations
Everyone must comply with animal health regulations, because this is the only way to curb the foot-and-mouth disease virus – said Dr. Szabolcs Pásztor, the national chief veterinarian. This also...
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István Nagy: full force of protection against foot-and-mouth disease in Győr-Moson-Sopron County
Full force of protection against foot-and-mouth disease in Győr-Moson-Sopron County – emphasized István Nagy, Minister of Agriculture, at a press conference in Mosonmagyaróvár on Sunday. The Minister said that there...
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The government also provides a loan moratorium to farmers affected by foot-and-mouth disease
The government has decided on further assistance for farmers affected by the extremely rapidly spreading foot-and-mouth disease. Thus, those affected can temporarily use the payment moratorium after their loan agreements...
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István Nagy: No new outbreak! The Veterinary Operational Group met
The Veterinary Operational Group met due to the contagious foot-and-mouth disease, there is no new outbreak in Hungary, the control is effective – the Minister of Agriculture announced at the...
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It is prohibited to transport susceptible animals through areas restricted due
On April 4, the National Chief Veterinarian’s Resolution 2/2025 was published. In the order, Dr. Szabolcs Pásztor prohibits the transit road traffic of animals susceptible to foot-and-mouth disease in restricted...
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FAO: Global food prices rose minimally in March
Global food prices were little changed in March, with only a slight increase, according to data published on the website of the Food and Agriculture Organization of the United Nations...
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Gergely Suppan: the margin freeze has caused prices to drop by as much as 40-50 percent for many foods
The price reduction for many food products has reached as much as 40-50 percent as a result of the margin freeze, which seems to be a realistic measure, as there...
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NGM: domestic economic processes are developing favorably, industrial performance is held back by weak external demand
Domestic economic processes are developing favorably, the performance of industry is being held back by weak external demand – this is how the Ministry of National Economy (NGM) commented on...
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Whiskeys and rums may become more expensive following EU response measures
Donald Trump’s latest trade policy move is once again making waves in the global market: as part of the “Liberation Day” program announced on April 2, the United States has...
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Consumer protection consultation begins
The government is counting on the opinion of the Hungarian people on another issue, the consumer protection consultation is starting – announced Zsolt Nyitrai, the Prime Minister’s chief advisor, in...
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The government establishes an Animal Health Operational Unit
The Hungarian government is working with all its might, providing all financial and human resources, to eradicate foot-and-mouth disease and prevent the spread of this terrible virus – the Minister...
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More than 250,000 Hungarian farmers stand in favor of preserving area-based subsidies
The NAK and MAGOSZ representatives personally took the petition to Brussels to preserve agricultural subsidies. The more than 250,000 Hungarian signatures also clearly indicate that the planned transformation of the...
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Green energy vs. green heritage: olive groves would be sacrificed in Spain for a renewable project
In the southern Spanish region of Jaén, the world’s center of olive oil production, renewable energy could play a major role – but at a high cost, according to local...
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