Market News
Euro area’s economic mood dropped significantly
The German and Eurozone economic confidence index of the ZEW Institute for Economic Research dropped to a one and a half year low in March, keeping in mind the potential...
Read moreTrump would increase cutting speed at the American slaughterhouses
In his latest proposal, Donald Trump, US President would drastically increase cutting speed at the U.S. slaughterhouses – agrarszektor.hu wrote. The change would, in some respects, favor the meat and...
Read moreIt would be a disaster for the British food industry to miss the trade agreement
It would have “catastrophic” consequences for the British food industry if Britain would quit the European Union next year without a trade agreement – according to the comprehensive study of...
Read moreHungary is a net importer of pigs
The AKI has published its meat market report, which revealed that Hungary is a net importer of live pigs and pigmeat – agrarszektor.hu wrote. The slaughterhouse of Csányi Sándor, which...
Read moreYoung people spent more on food
Most of the young people spend more than they did in 2017 and will continue to increase their spendings in the future – Világgazdaság Online wrote on the basis of...
Read moreChanges in Germany also affect the Hungarian pig prices
The Hungarian pork prices entirely follow the German prices. Now some processes have begun in Germany that will have a significant impact on price developments – agrarszektor.hu wrote. The big...
Read moreAgricultural subsidies should be used to increase our competitiveness
By adjusting the rules on land use, the government has made a huge step towards the establishment of an agri-business structure that is in line with its goals. Last year,...
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Falling milk prices can be expected this year
The EU milk market is expected to drop this year according to an analysis by the Agricultural Directorate of the Takarék Group – agrarszektor.hu wrote. Consumption and processing on the...
Read moreThe beekeepers can expect less rape honey this year
The beekeepers expect less rape honey this year, because the cold weather in March caused a delay in the generation change in bees – the Jász-Nagykun-Szolnok County advisor of the...
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MKIK proposes five percent VAT on flour and bread
The comprehensive economic policy proposal of the Hungarian Chamber of Commerce and Industry (MKIK) has been prepared for the government – Parragh László confirmed to mfor.hu. The president of the...
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The fruit gene bank in Érd opens its gates
The fruit gene bank of the National Agricultural Research and Innovation Center’s (NAIK) Fruit Production Research Institute opens its gates – NAIK’s Director-General announced on Wednesday. Gyuricza Csaba in the...
Read moreBeer production declined in the Czech Republic last year
After five years of growth, beer production in the Czech Republic decreased by 0.7 percent to 20.32 million hectolitons last year – the Czech beer producer association announced in Prague...
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The control of seed potatoes continues
The National Food Chain Security Office (Nébih) ordered the nationwide level controls of seed potatoes arrived from overseas, due to several roundworm cervical worm infections. In the framework of the...
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The Hungarian fisheries management is completely EU-compliant
The seminar of the European Fisheries Control Agency was held in Budapest on 22 November. The Hungarian fisheries management strategy fully fits into Europe, with the focus being on the...
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Magazine: Hungarian retail trade among the best in Europe
In Q4 2017 like for like value sales grew by 8.2 percent in Hungarian food and drug product retail. In the same period the European average was plus 4.4 percent...
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The sugar consumption habits of the Hungarians
According to a recent national research, Hungarians often eat sweets, but among adults there is a minority of those who put sugar on cakes, pancakes or even cabbage dough, however...
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More than two hundred farmers’ markets are waiting for the customers across the country
Farmers’ markets are becoming more popular: Currently 260 of them are operating in the country. In the producer markets, everyone can sell only self-produced goods and more and more buyers...
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The advertising rules of the football world cup
The ÖRT draws attention to the rules of the upcoming football world cup and its trademarks. It is slowly becoming a tradition that ÖRT explains the advertising rules and trademarks...
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Nébih: it is forbidden to fish breams by the end of May
The National Food Chain Security Office ( Nébih) on its website drew the attention of fishermen to the fact that the specific catches and those whose identification is unclear must...
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Magazine: Laundry detergent brands are investing in the future
Although the laundry detergent market is saturated, sales have kept developing in the last few years. Gels constitute the biggest segment in the category, followed by the segment of powders that...
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Coca-Cola to launch an alcoholic drink in Japan
Jorge Garduno, president of Coca-Cola’s Japanese division has revealed that they plan to enter the market with Chu-Hi alcopops. Chu-Hi is a canned alcoholic drink traditionally made from a distilled...
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Amazon Key to revolutionise home delivery
Amazon has announced that they will extend the Amazon Key service to all US customers. Amazon Key is an in-home offering that allows delivery people to drop off packages inside...
Read moreThe IMF has improved the Hungarian GDP growth forecast
The International Monetary Fund (IMF) has improved the Hungarian GDP growth forecast for this and the next year in its spring forecast for the world economy. According to the World...
Read moreAgricultural Chamber: autumn sowings are in good condition
Autumn sowings are in good condition due to this year’s mild winter, without snowfall. According to the survey of the National Chamber of Agriculture (NAK), 90 percent of the 1.6...
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The ÖRT checks the industry commitments
The Self-regulatory Advertising Board (ÖRT) does the industry-by-industry monitoring of the implementation of pledges made. For instance the examination of the EU Pledge commitments –voluntary limiting advertising to children – showed...
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Education of conscious consumers in Schools
The purpose of the National Chamber of Agriculture is to strengthen the trust in domestic products at quite a young age. Local producers and products were introduced in schools and...
Read moreThe number of Hungarian SMEs that are able to export has increased multiple over four years
The number of Hungarian small and medium-sized enterprises (SMEs) that are able to export has increased several times between 2014 and 2018, Magyar Levente, Minister of State Secretary of the...
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The vegetable sector calls for price reductions
The VAT on fruits and vegetables is only 3 percent in Spain and 6 percent in the Netherlands. However, the domestic producers have to face a 27 percent VAT in...
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Hungary produces soy well below the demand
Hungary produces soy well below the demand – Gyuricza Csaba, Director-General of the National Center for Agricultural Research and Innovation told M1 news channel on Monday. He said that the...
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