Market News
There is a need for digitization in agriculture
Farmers are open to innovations that will help them make more money and revenue without compromising food security – Liam Condon, Board Member of Bayer and Chairman of Crop Science,...
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Lower sunflower prices, decreasing sowing area in Hungary
Sunflower sowing area decreased by more than ten percent this year in Hungary. Quality is very variable, but the yield is still high. This year’s sunflower plantation was 628,000 hectares...
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Eurozone’s inflation declined in August
The rise in euro area consumer prices has slowed in August from the five-and-a-half year peak – according to Eurostat’s final data published on Monday by the European Union’s statistical...
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With the opening up of the market, producers and consumers could lose a lot
Serious disadvantages would endanger the European farmers due to the entry into force of a free trade agreement between Mercosur (Argentina, Brazil, Paraguay and Uruguay) and the European Union –...
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Consumption of dairy products can reduce the risk of heart disease
There was a correlation between the regular consumption of dairy products and the reduction of the risk of heart disease in an international research. The survey conducted by The Lancet,...
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The OGYÉI removed all Calcium-Sandoz tablets from circulation
All Calcium-Sandoz tablets were withdrawn from circulation – the National Institute of Pharmacy and Nutrition Institute (OGYÉI) wrote on Monday. According to the announcement, elemental contamination over the limit was...
Read moreConsumer sentiment has improved in the world’s largest economy
The Consumer Sentiment Index of the Michigan University improved more than expected in September. In September, the uncompleted Consumer Sentiment Index of the Michigan University rose from the previous month’s...
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The apple yield may be above average
The apple yield to be about 25 percent higher than the 10-year average, 730 thousand tons of which 25 to 30 percent are edible apples and 70-75 percent industrial apples,...
Read moreThe reduction of EU agricultural subsidies is unacceptable
The reduction of EU agricultural subsidies in the Common Agricultural Policy is unacceptable for Hungary – Györffy Balázs, President of the National Chamber of Agriculture told at the presidency meeting...
Read moreCorn imports can brake records in Europe
USDA analysts expect significant European maize imports this year, of which the US can only profit indirectly – agrarszektor.hu wrote. There is still a small amount of corn, wheat and...
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Hungary is planning to ban plastic bags as well
It is expected that at the end of September, the draft law will be published, from which the Ministry of Innovation and Technology (ITM) expects a significant reduction in the...
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The Minister of Agriculture handed over a modern training garden in Budapest
Nagy István, Minister of Agriculture and the managing director of the supporter of the project, the Syngenta Hungary handed over a training garden in Budapest. The training garden helps to...
Read moreThe ten millionth online bill was issued
The online account system was launched on July 1. Now after two and a half months, the ten millionth bill has arrived at the tax office. The new online system...
Read moreThe world’s oldest brewery was found in the Israeli Raqefet Cave
According to researchers, they have found the world’s oldest brewery, with residue of a 13,000-year-old beer, in the prehistoric Raqefet Cave cave, near Haifa in Israel. The discovery was made...
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Magazine: Back to the flat
Shoppers are buying convenient and multiphase cleaning products in growing numbers. Thanks to this, sales of cleaning and disinfecting wipes, multifunctional dishwasher tablets and toilet rim blocks are growing. Terézia Balog,...
Read moreKSH: agricultural producer prices increased
In July, the 4.5 percent increase in the price of vegetable products and the 4.0 percent decrease in prices of live animals and animal products led to a 1.2 percent...
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The beet processing campaign has started in Kaposvár
The 125th sugar beet processing campaign started at the sugar factory of Magyar Cukor Zrt. in Kaposvár. Kovács Gergely, a board member of the company, told at the event that...
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Hungarians choose wines on the basis of taste, color and price
Hungarian consumers buy and consume Hungarian wines in 95 percent, and nearly three-quarters of them never drink foreign wines at all – Szabó Ádám, the Marketing Director of Ital Magyarország...
Read moreSwine fever can threaten one tenth of global pig production
African swine fever (ASF) can move the world market – Világgazdaság Online wrote about the situation analyzed by the experts of the agrarian chamber. The acceleration of Hungarian swine exports...
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Owner change at the Mammut shopping mall
The NEPI Rockcastle real estate investor and developer has acquired a majority stake for 254 million euros in one of Budapest’s largest shopping malls the Mammut – the company announced...
Read moreUS retail trade grew less than expected in August
The retail sales in the United States grew at the lowest rate of the past six months ago in August, less than the analysts expected. According to the US Department...
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Magazine: ‘Flowing with milk and honey’
2017 was a successful year for Beiersdorf in the body care category too. Marketing manager Melinda Jáger told our magazine that at plus 2.4 percent sales were a bit below the...
Read moreTwo month of average wages can be saved annually by online shopping
Due to technological advances, the trend is clearly pointing to online shopping, so more and more supermarkets are trading online. However, due to the wide range of products and the...
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Goose sector is going up again
The Hungarian goose sector is export orientated, for example, Hungary is world leader in goose liver exports – agrarszektor.hu wrote. Goose feather and its meat are also an important commodity....
Read moreThe Hungarian companies feel better prepared to the digital age
The Hungarian companies feel better prepared for digitalisation than two years ago – Dale A. Martin, president and CEO of Siemens Zrt. told at a press conference presenting the results...
Read moreAfrican swine fever affects 12 counties and more than 200 settlements in Romania
African swine fever affects 12 counties in Romania and 207 settlements. Nearly 900 infectious points are known by the authorities – the Romanian Veterinary and Food Safety Authority announced on...
Read more340 million euros will be distributed among the drought victims in Germany
Up to half a million (160 million HUF) will be allocated to the drought victim farmers in Germany if the farm can prove that its losses are due to this...
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Magazine: Pálinka distilleries are already preparing for Christmas
According to Gergely Lakatos, CEO of Panyolai Szilvórium Zrt., in the pálinka market sales increased by 10 percent from 2016 to 2017. Consumers prefer the top brands again and some new...
Read moreElemzők: az idényáras élelmiszerek tartották magasan az inflációt
Az elemzők várakozása ellenére nem mérséklődött az éves infláció augusztusban, de a maginfláció csökkenése továbbra is az inflációs nyomás hiányát jelzi a magyar gazdaságban – így kommentálták az MTI-nek nyilatkozó...
Read moreEquilor: GDP growth continues to accelerate this year
According to the analysts of the Equilor Investment Ltd., the dynamic growth of the Hungarian economy will continue this year, but the dynamics of the economy may slow down next...
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