Market News
Artificial intelligence in winemaking: new technology is changing the way wine is made
Date: 2024-04-23 12:25:37
Artificial intelligence is revolutionizing American winemaking, enabling remote monitoring of vineyards and optimization of the winemaking process. Although critics argue that this technology takes away the human nature of winemaking,...
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The new gold mine: bubble tea
Date: 2024-04-23 12:17:36
In recent years, bubble tea or “bubble tea” has gained enormous popularity worldwide. This drink of Taiwanese origin already has a significant economic impact in China, and has made several...
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Plant-based meat substitutes need new messages in 2024
Date: 2024-04-23 11:47:06
Sales of the category, which initially exploded due to a number of factors, slowed down last year. This article is available for reading in Trade magazin 2024/4 Since the sector’s...
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Fruit growers cannot rest completely yet
Date: 2024-04-23 11:39:31
By the second half of April, the flowering of fruit trees in Hungary has finished, indicating that nature is significantly ahead compared to previous years. As a result of the...
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Eleven new stores to back Mercadona’s growth in Portugal
Date: 2024-04-23 11:06:20
Spanish retailer Mercadona plans to open 11 new stores in Portugal in 2024, increasing its presence in the country. The expansion would bring the chain’s total number of stores to...
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Grant Thornton survey: Flexibility and an inclusive work environment can help retain accountants
Date: 2024-04-23 10:53:45
Not only recruitment, but also retention poses serious challenges to employers in the financial and accounting sector. Finding and hiring the right specialist is only the initial step for employers....
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The import of fresh eggs increased by 71 percent
Date: 2024-04-23 10:30:25
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 68 percent to 9,000 tons in January 2024 compared to the same month of...
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Emmi acquires majority stake in Brazilian dairy producer from Coca-Cola
Date: 2024-04-23 09:43:38
Emmi Group’s Brazilian subsidiary, Laticínios Porto Alegre, will acquire a majority stake in dairy product producer Verde Campo from Coca-Cola in the state of Minas Gerais, subject to approval by...
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Aldi Süd Opens Mixed-Use Property Near Karlsruhe
Date: 2024-04-23 09:25:30
Discounter Aldi Süd has developed a mixed-use property in Waldbronn near Karlsruhe in Germany, which includes both retail and residential space. Retailers at the new local shopping centre have opened their...
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Full-time jobs in retail sector are in demand
Date: 2024-04-23 09:05:39
Retailers are seeing increased interest from job seekers looking for full-time positions. That’s according to the “iCIMS Insights April 2024 Workforce Report,” which found that applications per opening (APO) for full-time...
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The volume of beef imports increased by 24 percent
Date: 2024-04-23 09:00:31
Based on KSH data, Hungary’s live cattle exports increased by 6.2 percent in January 2024 compared to January 2023. The main partners were Kosovo, Croatia, Austria, Turkey and Albania. Hungary’s...
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Plant-based foods are taking over
Date: 2024-04-22 21:22:20
Both manufacturers and distributors in the plant-based segment are trying to keep up with consumer demand, experimenting with innovative products and sustainable solutions. This article is available for reading in...
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Dairy substitutes: product developers are focusing on hybrid concepts and price parity
Date: 2024-04-22 19:23:42
Once limited to soya milk, plant-based dairy alternatives are now much more diverse in terms of ingredients and formats: a wide range of non-dairy cup and drinkable yogurts, cheeses, creams...
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More high-quality plant-based private label products
Date: 2024-04-22 18:32:52
According to PLMA, European private label sales will reach a record EUR 340bn in 2023. This article is available for reading in Trade magazin 2024/5 V-Label says this is partly...
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Brand reputation could suffer because of falling living standards
Date: 2024-04-22 18:09:41
KPMG’s Global Customer Experience Excellence Research 2023-2024 report has summarised the experiences of more than 81,000 customers in 21 countries. The survey covers around 3,000 brands. This article is available...
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Raw milk’s price stays put
Date: 2024-04-22 17:44:41
According to AKI PÁIR, the producer price of raw milk in Hungary was HUF 164.3/kg in February 2024. This article is available for reading in Trade magazin 2024/5 With a...
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European Private Label Awards 2024 winners announced
Date: 2024-04-22 15:12:32
The European Private Label Awards, organised by ESM: European Supermarket Magazine, attracted 68 entries this year, with 21 innovations in 17 categories. This article is available for reading in Trade...
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DIA to close more than half its stores in Brazil
Date: 2024-04-22 13:48:56
Spanish grocery group DIA is to close 343 of its stores and three warehouses in Brazil, after the company ended last year with a negative result of a EUR 154m...
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No more chocolate and sweets at the checkout in Kiwi stores
Date: 2024-04-22 13:42:09
Norwegian discount retailer Kiwi would like to promote healthy food choices for shoppers by removing all chocolate and sweets products from the checkout zone. The initiative has been welcomed by...
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Open water!
Date: 2024-04-22 13:34:31
There was a sales drop in the mineral water category last year. However, the branded flavoured mineral water market has produced an impressive growth recently. This article is available for...
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European Parliament adopts AI legislation
Date: 2024-04-22 13:18:06
The European Parliament has voted by an overwhelming majority in favour of EU legislation on artificial intelligence. This groundbreaking regulation is expected to enter into force early next year and...
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Nébih: the spring food inspection ended with fewer fines than last year
Date: 2024-04-22 13:10:48
The national food inspection, which ended on April 1, ended with approximately the same number of warnings, but fewer fines than last year, the National Food Chain Safety Office (Nébih)...
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2024 Q2 Investment Outlook: Timing matters
Date: 2024-04-22 12:49:05
Positive momentum is building. The outlook for 2024 has brightened, but we caution that it won’t take much to spill over.We came into 2024 believing that a cyclical recession, featuring...
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KPMG: Female senior managers adapted surprisingly quickly to the polycrisis
Date: 2024-04-22 12:47:41
Despite their increased workload, female senior managers are optimistic about company growth, social change, gender equality and their own careers. The majority have adapted to the current polycrisis and are...
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Breakfast cereal buyers are looking for new flavours and healthy products
Date: 2024-04-22 12:47:34
According to the Hungarian Chamber of Agriculture (NAK), consumers are looking for new flavours and various “free-from” products are becoming increasingly important. This article is available for reading in Trade magazin...
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K&H: we don’t have much time left to reach the 55 percent reduction
Date: 2024-04-22 12:40:19
The Hungarian economy still has 6 years to reach the EU’s goal of reducing greenhouse gas emissions by 55 percent. All economic actors must participate in this, and financial institutions...
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Consumer sentiment in the euro area improved to a more than two-year high in April
Date: 2024-04-22 12:36:59
Consumer sentiment in the eurozone improved somewhat less than expected, but still reached a more than two-year high in April, according to Monday’s report based on preliminary data from the...
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Hygiene – from intimately close
Date: 2024-04-22 12:15:28
NIQ data reveals that value sales of femcare category segments – sanitary pads, pantyliners and tampons – have grown, but volume sales were lower in 2023 than in the previous...
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For the green transition, some raw materials can cover the need in Hungary to a certain extent
Date: 2024-04-22 11:56:10
In Hungary, there are raw materials from which the need for the green transition can be covered to a certain extent – said associate professor of the Institute of Geography...
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Can people under 25 really earn more than older workers?
Date: 2024-04-22 11:37:55
The tax discount for those under 25, introduced two years ago, is still the subject of debate: according to some, it had a motivating force and activated young workers, while...
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