Market News
An international research team explored the genetics of wheat
An international research team has uncovered the genetic resources of wheat, which opened the way to breed the wheat varieties that are far more nutritious and adaptable to the climate...
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Carbohydrate too low and too high equally harmful to your health
A too low or too high diet in carbohydrates increases the risk of premature mortality according to a new study published in the Lancet journal. Researchers have collected eight large-scale...
Read moreGerman farmers: almost three billion euros drought damage
Almost three billion euros (966 billion forints) damage happened to the German farmers due to the low precipitation weather of the recent months, according to the first estimates made after...
Read more4,84 million tons of winter wheat was produced this year
The harvest of winter wheat has been completed. Almost 4.850 million tonnes were harvested in Hungary from almost 950 thousand hectares – the Minister of Agriculture said on Thursday in...
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Syngenta: crop prospects are good in the Hungarian sweetcorn sector
Larger crops can be harvested this year by the domestic sweetcorn growers. Hungary continues to be the leader in both the production and the export of frozen and canned finished...
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We are price sensitive to vegetables
If we are dealing with vegetables, we are very price-sensitive – agrarszektor.hu wrote after Gfk Hungária’s data. A part of society can easily give up the consumption of frozen vegetables,...
Read moreSmall brewery production is strengthening
Small-scale breweries would strenghten in technologies and exports, who would cut 4-5 percent of the total beer market within the next six to eight years – Világgazdaság Online wrote. This...
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The Ministry of Agriculture supports the initiative of the farmers
The Ministry of Agriculture supports the initiative of the apple producers, which calls for action against unfair purchasing behavior – the Ministry of Agriculture told MTI on Thursday. The announcement...
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The IT support of the national hail damage reducing system was handed over
The IT support of the national hail damage reducing system was handed over on Thursday in the headquarters of the Hungarian National Meteorological Service (OMSZ) in Budapest. Löwinger Endre, System...
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Hundred tonnes of cooking oil and 48 tonnes of crystal sugar were seized by NAV
Hundred tonnes of cooking oil and 48 tons of crystal sugar were seized by the National Tax and Customs Office (NAV). A food retailer attempted to scam the EU VAT...
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Cabbage consumption reduces the risk of bowel cancer
Certain vegetables, including cabbage, broccoli and cabbage is able to reduce the risk of developing bowel cancer with a special compound. Crustaceous vegetables have long been shown to have beneficial...
Read moreVienna is the most livable city in the world
It is best to live in Vienna all over the world – according to London analysts. After seven years, the Austrian capital has pushed Australia away from the first place...
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It is really worth buying an electric car these days
According to fleet management company LeasePlan’s annual Car Cost Index report, from 21 European countries it is in Hungary that the monthly maintenance costs of electric cars are the lowest....
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Hungarians are eating more consciously than 5 years ago
A representative survey by K&H, conducted with 600 participants, has revealed that Hungarians eat more fruits and vegetables, and more Hungarian-made groceries than in 2013. István Tresó, the head of...
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New type loyalty programmes are needed
According to an international retail loyalty study conducted by EY, with the participation of 130 senior executives, at global level only a small proportion of retailers have managed to make...
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EU ends discrimination against consumers
After a long period of negotiations, the European Union gave green light to the Geo-Blocking Regulation in the spring of 2018. The new regulation addresses unjustified online sales discrimination based...
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Hungarian fruit growers and cereal processing companies can end up in a bad situation
Changes in agricultural prices can cause serious problems for cereal crop processing companies and fruit growers – warns K&H Bank. István Tresó, the head of K&H’s agricultural sector development division...
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Higher vegetable product and lower livestock prices
In June 2018 agricultural production prices didn’t change from the level of June 2017 – reported the Central Statistical Office (KSH). This situation was the result of vegetable product prices...
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Good first six months for retail trade
In June 2018 like-for-like retail volume sales augmented by 6.5 percent; adjusted for calendar effects, the sales growth was 6.1 percent – reported the Central Statistical Office (KSH). Food and...
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Consumer prices up 3.4 percent in July
In July 2018 consumer prices were 3.4 percent higher on average than a year before. In comparison with July 2017, food prices increased by 3.6 percent. Egg’s price rose by...
Read moreAnalysts: The KSH announced a better than expected GDP data
The growth of the gross domestic product (GDP) in the second quarter has surpassed analysts’ expectations. Although the seasonally and calendar-effect adjusted figures mainly indicate the maintaining of pace and...
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The Agrarian Chamber launches a campaign to introduce new technologies for melon production
A campaign is launched by the National Chamber of Agriculture (NAK) in September, during which the new melon types and production technologies will be presented to the domestic farmers –...
Read moreThe decline of cereals is slowing down
Grain is still dominant in Hungary’s production structure – Világgazdaság Online wrote on the basis of the publication of the main crop area of the Hungarian Central Statistical Office. The...
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AM: the Visegrád countries are calling for stricter actions against unfair distributors
The Visegrád countries are pushing for stricter actions against unfair distribution practices – the Ministry of Agriculture (AM) told MTI on Wednesday. According to the Ministry, the V4s and the...
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Electronic payment is beneficial to everyone at the Cashless Sziget Festival
Financial Awareness Government Strategy adopted by the government is linked in many points to the Sziget Festival, which is the largest music festival on the continent, Hornung Ágnes, Minister of...
Read moreCigarette prices to increase in September
As a result of the EU regulation, a pack of cigarettes will cost 30-40 forints more from September, and in January and July 2019, the excise tax on tobacco products...
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NAV can fine due to the failing of online billing
The National Tax and Customs Office (NAV) can sanction the failure to provide online account data, and the amount of fines can be 500,000 HUF per account – Sztankó Dániel,...
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Almost half a billion forints logistics development starts in Nagymányok
Almost half a billion forints logistic center development starts in Nagymányok in the former briquetting factory’s service area and the infrastructure of the industrial park will also be expanded. To...
Read moreGrowth in retail sales in July was greater than expected
July retail sales in the United States have become significantly higher than expected by analysts. The US Department of Commerce announced on Wednesday that the seasonally adjusted and calendar effect...
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