Market News

Poultry meat export gains momentum

According to the Research Institute of Agricultural Economics (AKI), in April the European Commission published a short-term forecast that says: in 2019 the EU’s beef production will represent a volume...

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Chamber of Agriculture: the Hungarian food industry supplies more than ten million people

Currently, the Hungarian food industry is serving more than ten million people, but with technological and other developments, it could provide reliable, healthy food to as many as twenty million...

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Corns are tested at ten places

The post-registration trial of maize of the Seed Association Interprofessional Organization and Product Board, the National Association of Cereal Producers and the National Agrarian Chamber of Agriculture has been launched...

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Nagy István: we need to keep the level of EU agricultural subsidies

In order to maintain the current level of subsidies, the right framework and simple conditions are needed in the European Union’s agricultural policy – Nagy István, Minister of Agriculture said...

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Hungarians eat breakfast too fast

Breakfast is especially important for the Hungarians, but the lack of time characterizes their everyday lives. This means, on the one hand, that most families can spend much less time...

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VAT on organic food was reduced to five percent in Romania

In Romania, the minimum VAT rate on food products classified as traditional products and organic foods and on traditional non-alcoholic beverages is reduced to 5 percent. According to Prime Minister...

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Huge growth about the corner when it comes to e-commerce

Change is upon us, and it’s time to embrace it. We’re all on the hunt for every growth opportunity abound in our industry, but finding them requires a scientific guide...

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CEO confidence in growth dips dramatically

What a difference a year makes. Nearly 30% of business leaders believe that global economic growth will decline in the next 12 months, approximately six times the level of 5%...

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Magazine: More days, more sausages

Zoltán Szántó, senior product manager of PICK Szeged Zrt. told Trade magazine that the two biggest segments in the grill product market are grill sausages and meat prepared for the...

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MNB: the six month increase of core inflation stopped in April

Seasonally adjusted annual core inflation remained unchanged in April, remained 3.8 percent as in the previous month, hence the increase of the indicator lasted for more than half a year...

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AM: 8.6 billion support HUF for breeding sows this year

In 2019, the government earmarked 8.6 billion forints for breeding sows and 10.5 billion forints for animal welfare in the budget – Nagy István, Minister of Agriculture said on Monday...

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Mazars: investors consider Central and Eastern Europe as a reliable target

Central and Eastern Europe is an attractive investment area in a global comparison, with Hungary closing a successful year in terms of transaction value – according to Mazars’ investment report....

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ITM: decisive steps are needed to reduce disposable plastic products

Decisive steps are needed to curb the use of disposable plastic products – the Ministry of Innovation and Technology (ITM) told MTI. The ministry emphasizes in its statement that they...

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NAV detected an illegal tobacco factory in Szabolcs county

Industry-scale manufactured, cut and dried tobacco products worth 25 million HUF were found in the illegally operating tobacco plant in one of the towns of Szabolcs, by the financial investigators...

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Magazine: Practicality is more important than product looks

According to Réka Forgách, Essity Hungary Kft.’s Zewa brand manager, sales of household towels grew by 9.5 percent in 2018. Private label products are important in the paper towel category,...

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This year’s beer season started with premium beers

The Hungarian Beer Manufacturers Association and the Kraft Beer Association officially launched the 2019 beer season. Beer consumption has renaissance in our country. According to last year’s report, 70,000 hectoliters...

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In one year the price of potatoes and vegetables increased significantly

Portfolio.hu looked at the inflation data of the Central Statistical Office (KSH) in March, highlighting the sharp rise in food prices. In the consumer basket of KSH, foods have a...

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IKSZ: the population collects beverage cartons with renewed vigor

The population selects beverage cartons with a renewed momentum. Following the stagnating results of recent years, the recollection of carton boxes of dairy and fruit soup which is a valuable...

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Nearly half of the Hungarians are willing to pay more for environmentally friendly services

42 percent of Hungarians say that they are willing to pay more for eco-friendly products, most of them up to 10-30 percent more than for a traditional product. Although the...

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NAV detected a tax evading vegetable dealer network

The criminal organization dealing with vegetable trade caused more than six hundred million forints damage to the budget – the press officer of the Central Transdanubian Criminal Directorate of the...

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IT company directors lead the way in going digital

Switching to digital technology requires drastic changes not only in the systems customers get in touch with directly, but also in the domains of support technologies, the culture of informatics,...

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The Lactalis dairy producer increased its market share in Romania

The Lactalis dairy producer increased its market share in Romania. The company bought the Covalact firm from the US investor SigmaBleyzer – the Ziarul Financiar economic and financial newspaper reported...

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KSH: consumer prices increased by 3.9 percent in April

In April, consumer prices were on average 3.9 percent higher than a year before, with prices rising 0.9 percent on average in March – the Central Statistical Office (KSH) announced...

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Palvin Barbi, the beers of the Hungarian small breweries and the glassy packaging are the most wanted

Hungarians like to drink beer anywhere, anytime, because of the taste and the good company – the survey of Beerbox revealed. Only one is a woman out of ten regular...

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Survey on the state of the digitization of the food industry

The mapping of the digitization situation of the domestic food industry companies is taking place. The survey can be completed until 17 May, 2019, and the results can contribute to...

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The government supports animal husbandry

Livestock farmers can rely on the help of the government and the Ministry of Agriculture – the Parliamentary Minister of State of the Ministry of Agriculture told in Hódmezővásárhely. Farkas...

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The NAK melon working group was established

Several tasks and goals have been set by the National Chamber of Agrarian Economics, a newly formed working group of melon-growing members. Among other things, they support this year’s campaign...

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NMHH: the share of advertisings promote domestic products and services is low

There is still very little television advertising to promote domestic products and services, but the accessibility of TV shows remains at 99.9 percent – the National Media and Communications Authority...

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KSH: 677 million euros export surplus in March

In March, the value of commodity exports in euro rose by 4.9 percent and imports by 5.6 percent, compared to the same period of last year. The commodity turnover surplus...

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