Market News
Foreign trade restrictions caused 6.3 billion USD loss to Russia
There are 159 trade restrictions in 62 countries against Russia, which resulted in a 6.3 billion USD loss in exports in 2018 – the Russian Ministry of Economic Development announced...
Read moreMore beer was sold on the domestic market last year
Seventy-six thousand hectoliters, 15 million bottles more, a total of 6.29 million hectoliters of beer was sold last year, compared to the previous year by the leading breweries on the...
Read moreAgricultural researchers: the output of agriculture can be increased with precision farming
Precision farming is needed in Hungary to substantially increase the output of agriculture. The PREGA (Precision Farming) Conference and Exhibition, which will start in Budapest on Tuesday, will help us...
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MNB: Hungarian households increased their savings with 5.9 percent of last year’s GDP
Hungarian households increased their savings by 2500 billion HUF, equivalent to 5.9 percent of GDP in 2018, of which 735 billion HUF was realized in the fourth quarter, which is...
Read moreAM: The application for aid against grape pests to be simplified
The Ministry of Agriculture (AM) will announce a tender against pests in vineyards with a budget of 240 million HUF this year, and the application for support will be simplified...
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Domestic startups may gain new momentum
According to experts, startups can really accelerate in the FMCG and medical technology sectors. That is why the Start it @ K & H Incubator is constantly expanding its mentor...
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AM: Hungary and Slovakia support each otherat the EU agricultural negotiations
The importance and role of Hungarian-Slovakian agricultural relations goes beyond bilateral relations. An intensive joint work is also taking place within the framework of the Visegrád four cooperation, and in...
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Scottish whiskey exports on peak
Scottish whiskey exports have also reached a peak in quantity and value last year, index quotes the communication of the Scottish Whiskey Association (SWA). Last year, Scottish whiskey was exported...
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Magazine: Smart technological solutions: What can be achieved?
The 5th Innovation Food Conference was part of the programme at the Anuga trade fair in Cologne. There were approximately 200 participants and Hanni Rützler, the founder of Vienna-based futurefoodstudio...
Read moreAgricultural producer prices increased by 2.7 percent last year
Last year, agricultural producer prices increased by 2.7 percent. The prices for plant products increased by 5.8 percent, but live animals and animal products increased by 2.2 percent, compared to...
Read moreThere is a great opportunity for the Hungarian food and wine sector
The recently opened rural development EU proposal – which provides 50 billion HUF support to help to increase the added value and to increase competitiveness – is beneficial for both...
Read moreUS consumer sentiment improved significantly in February
The US consumer sentiment was much better than expected in February, according to the Michigan University’s regular monthly survey, which was published on Friday. The consumer sentiment index stood at...
Read moreKSH: GDP grew by 4.8 percent last year
According to the raw data, Hungary’s gross domestic product (GDP) grew by 4.8 percent, according to the raw data. Seasonally and calendar effect adjusted the growth was 4.9 percent in...
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Healthy nutrition has the same importance as taste
GfK Hungária has measured domestic eating and cooking habits and novelties related to kitchen technology in a comprehensive research. Our research conducted since 1989 is unique in our country, and...
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Nébih: the number of food-related diseases has moderately reduced in Europe
According to the report of the European Food Safety Authority (EFSA), the number of food-related diseases has moderately reduced in Europe. The European Food Safety Authority (EFSA) prepares its report...
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Sunflower yields of more than four tons per hectare can be achieved in Hungary
According to the experts of the leading agricultural company of the sunflower seed market, the rate of high-oil sunflower will increase this year due to the more favorable purchase price....
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We spend more and more on Valentine’s Day
According to Mastercard data, the proportion of spending on loved ones has increased by 3 percent in the past 3 years, and the majority (30 percent) bought Valentine’s Day gift...
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The agricultural chamber reorganizes the village consultant network
The National Agricultural Chamber (NAK) is reorganizing the village consultant network Darabos Tamás, Director General of the Chamber told M1 news channel on Thursday. The village consultants will visit the...
Read moreRetail sales in the United States declined in December
Retail sales in the United States declined in December, with the highest extent of the past nine years – according to the a report of the Census Bureau of the...
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Japanese women give chocolate on Valentine’s Day
Giving chocolate or other occasional sweets on Valentine’s Day is considered to be a romantic gesture around the world. In most cultures it is common that men give gifts to...
Read moreInflation was 3.3 percent in Romania in January
In January, the annual inflation rate stood at 3.32 percent in Romania after the 3.27 percent, measured in December – the Romanian National Statistical Institute announced on Wednesday. Mostly, food...
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American women like Glenlivet whiskey
Pernod Ricard, producer of Chivas and Glenlivet announced that half of the new Scottish malt whiskey sales came from American women’s purchases after the company reduced the price and simplified...
Read moreMNB: over the past half year, inflation has been around 3 percent
Over the past six months, inflation has fluctuated around 3 percent, and for a long period of time, there has been no example of this since the introduction of the...
Read moreThe establishment of the grape and wine research and development center in Eger is progressing according to the plans
According to the plans, the establishment of the center of excellence for grape and wine research and development is taking place in Eger. The first results of the research carried...
Read moreCoffee prices can jump because of Brazil
There is a significant price increase for coffee, according to nine traders and analysts interviewed by Reuters – qubit.hu wrote. By the end of the year, Arabica might be almost...
Read moreSlovenia withdrew 12 tonnes of infected Polish meat from the market
The Slovenian Food Safety Authority withdrew 12 tonnes of infected Polish beef from the market, which arrived to Slovenia in processed kebab form – the local press wrote on Wednesday...
Read moreSmartphone sales fell in the last quarter of last year in China
In China, the sales of smartphones decreased by 9.7 percent in the last quarter of last year. According to the US International Data Corporation (IDC) IT and telecom market research...
Read moreOne and a half million more US youngsters smoked e-cigarettes last year than a year before
One and a half million more American youngsters smoked e-cigarettes in 2018 than in the previous year. Almost 4.9 million US teenagers used e-cigarettes last year with – the Centers...
Read morePrices increased by 2.7 percent in January
In January this year, consumer prices were on average 2.7 percent higher than a year before, just like last December – the Central Statistical Office (KSH) announced on Tuesday. The...
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