Market News
The exports of American soybeans exported into the EU increased by more than 280 percent
The exports of American soybeans exported into the EU increased by approximately 280 percent in July, compared to July last year – the European Commission announced. According to the Brussels...
Read moreAmerican pork loses ground on the Mexican market
Washington has imposed 25 percent protective tariff on imports of steel products and 10 percent on the imports of aluminum products. Mexico decided to impose a 20 percent customs duty...
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FAO calls for global coordination for a bioeconomy that leaves no one behind
If done right, in particular with and for family farmers, bioeconomy can help efforts to tackle pressing global problems such as hunger, poverty and climate change. This was the message...
Read moreCereal growers: Hungarian exports can grow due to the drought in Europe
The increased Polish and German market interest in free cereal stocks due to heat loss and drought loss can increase the Hungarian cereal exports – the chairman of the National...
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The KSH reported about nearly 600 million euros export surplus
In May, exports in euro were up 0.2 percent, imports increased by 2.9 percent, compared to the same period of last year. Foreign trade surplus was 596 million euros, 226...
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FAO: Food Price Index posts sharp drop in July
Global agricultural food commodity prices fell sharply in July, as all the major traded items posted notable declines, led by dairy and sugar. The FAO Food Price Index averaged 168.8...
Read moreNAV is paying attention to the businesses of the Lake Balaton
Hundreds of staff members of the National Tax and Customs Administration (NAV) continuously monitor the restaurants, shops and service providers at the Lake Balaton. In mid-July, nearly a thousand...
Read moreNearly half of the SMEs expect an increase in the number of employees
Optimistic mood is taking place in the domestic SME sector, according to UniCredit’s recent research, but each company considers that its own position is worse than the market sees them...
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We drank 125 liters of mineral water last year
The high heat increases considerably the demand for non-alcoholic beverages, which means that the consumption of mineral water rises to double, while the consumption of fruit juices and soft drinks...
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Agrarian Chamber: this year the apricot crop may not reach 10 thousand tons
Apricots are grown on about 5,000 hectares in Hungary, with 30,000 tons per year on average. This year, due to spring frosts, the volume of annual crops will significantly reduce,...
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The price of corn seeds may slightly increase
The Seed Association Interprofessional Organization and Product Council published an informative price of 96,000 HUF after processing of the data collected from the members of the association. This year’s forecast...
Read moreMLBKT: the economy continued to grow in July
The seasonally adjusted purchasing manager index was 53.1 points in July, increased from the 53.0 points of June. The Hungarian Logistics Purchasing and Inventory Company (MLBKT) told MTI on Wednesday...
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A third of the Hungarians attend festivals
A third of the Hungarians are going to festivals. The most popular festivals are pop-music, gastronomy and city festivals – according to the research of Kutatópont Kft. published on Wednesday....
Read moreAfrican swine fever is spreading in Romania
African swine fever is spreading wide in Romania, where more than 450 infectious points have been identified. The pathogen most affected the north-west and west part and the south-eastern part...
Read moreConsumer incomes and expenditures rose in the world’s largest economy
Consumers’ incomes and expenditures in the United States increased in June, but annual consumer price indices excluding consumer and non-food prices remained below 2 percent. The Washington Department of Commerce...
Read moreThe sowing area of the malting barley was halved in the past 5 years
The sowing area of the malting barley was halved during the past five years, while the sowing area of fodder rose by one fifth – agrarszektor.hu wrote. “These lands in...
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The Grand Tokaj Zrt., has begun contracting with the Tokaj-Hegyalja vine growers
As the biggest purchaser and winemaker of the Tokaj-Hegyalja wine region, the Grand Tokaj Zrt., like in previous years, has started to conclude contracts for the purchase of grapes with...
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Magazine: Brandformance – brand building and sales support at the highest level
MITTE Communications and ADDICT Interactive prepared a study with the participation of 36 marketing and communication managers of 32 companies from 11 sectors. According to this, branding lays the foundation for...
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Nielsen: annual turnover of sunscreens is over two billion
More than half of the adult Hungarians use sunscreen at least occasionally; one third use them only on holiday and nearly one-fifth of them when they feel the sun is...
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Mineral water and ice cream sales have jumped in the heat
Mineral water sales have tripled at several chain of stores, due to the heat wave of the last few days – Világgazdaság Online wrote. The effects of the heat wave...
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Older milk automats do not have to be connected to the NAV
The decree modified by the initiative of the National Chamber of Agriculture (NAK) can help to retain hundreds of old milk automats. Where the installment of the management system is...
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The Consumer Protection Authority has withdrawn 15 dangerous childrens toys
The Ministry of Innovation and Technology (ITM) tested more than fifty different kinds of wooden toys, inflatable water games and plastic dolls for the safety of children. The consumer protection...
Read moreRetail sales in Germany increased more than expected
Retail sales in Germany increased much more than expected in June. According to preliminary data published by the German Federal Statistical Office (Destatis) on Tuesday, retail turnover, by eliminating price...
Read moreThe German Government plans to tighten rules on online retail
The German Government would tighten the rules of online retail sales to curb tax evasion. It is planned that the operators of the marketplaces will be responsible for making traders...
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Economic growth slowed down in the euro area
The performance of economic growth in the second quarter in the euro area has been slower than in the first quarter – according to Eurostat’s preliminary estimate. At Eurostat’s first...
Read moreGenetic engineering can help arable crops
According to domestic experts, genetic engineering seems to be the only solution to increase the productivity and profit of arable crop production by improving crop yields – agrarszektor.hu wrote. The...
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The Tokaj Mountain Council encourages sustainable grape production and winemaking
The Mountain Council of the Tokaj Wine Region consciously builds the future of the wine region based on a strong community thinking for sustainable grape growing and winemaking – Molnár...
Read moreAnalysts: increasein retail sales may continue
The growth in retail sales in May exceeded the expectations of analysts; according to experts interviewed by MTI, a further growth is expected, which may slow down in the second...
Read moreGKI: The growth of the Hungarian economy is at peak
The Hungarian economy grew by 4.4 percent in the first quarter of 2017 and in the first quarter of 2018, with the highest fourth-fifth highest rate in the region reaching...
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Ministry of Agriculture: rural development tenders are popular
Rural development tenders are popular; further calls for proposals are expected this year – Kis Miklós Zsolt, Minister of State of the Ministry of Agriculture (AM) told M1 news channel...
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