Market News
Baking alliances have agreed
The members of the Hungarian, Slovak, Polish, Czech and Romanian bakeries have signed an agreement of cooperation at the Eastern and Central European Regional Baking Summit – agrarszektor.hu wrote. According...
Read moreWe could have twice as many cattle if we could graze it
In 20 years, the herds of cattle grew eightfold in Hungary, thanks to the long-standing favorable market situation and the significant targeted subsidies – Wagenhoffer Zsombor, Managing Director of the...
Read more
Roger Federer is the world’s most expensive sports brand
Ever since social media has become an extremely important platform for ads, large companies pay huge amounts of money to those athletes who can reach as many people as possible....
Read more
Hungary can become an important player in the world market for kosher food
Hungary can become an important player in the valuable kosher food market of the world – Magyar Levente, Parliamentary Minister of State of the Ministry of Foreign Affairs told MTI...
Read moreeNet-Telekom: 17 percent of young people regularly teach older people how to use the Internet
17 percent of the younger than 40 years olds regularly and 59 percent occasionally teach their older family members how to use the Internet and digital devices – according to...
Read moreWheat and corn prices grew by 10 percent
The prices of wheat and corn both increased by 10 percent, compared to a year before and although global crops are declining this year, further significant world market price increase...
Read moreProduct council: the quality and quantity of the Érd cherry deteriorated due to weather conditions
Due to the weather, the quality and quantity of the Érd cherry declined – according to the FruitVeB Vegetables and Fruit Producing Interprofessional Organization and Product Board. In its report...
Read more
Six and a half billion HUF are spent on toys this summer
Hungarian families spend more on toys and games this summer. The average basket value is rising with 10 percent – according to the survey of the latest Regio Játék. Compared...
Read moreKSH: retail sales increased by 7.2 percent in May
According to the raw data, the volume of retail stores’ turnover was 7.2 percent higher, while calendar effect adjusted was 7.8 percent higher, compared to the same period of the...
Read more
KSH foreign trade surplus was 517 million euros in April
In April, the volume of exports increased by 11.7 and its imports grew by 16.2 percent, compared to the same period of the previous year, while the foreign trade surplus...
Read moreA further 21 billion HUF was decided in the Rural Development Program
Within the Rural Development Program, decision was born about the support 634 applications in a value of more than 21 billion forints in June – Kis Miklós, Minister of State...
Read more
Insects can be the new protein source
Next year, it is expected that the use of insect protein in poultry feed in the EU is likely to be a major explosion in the segment – agrarszektor.hu wrote....
Read more
Magazine: Some don’t like it hot
Sole-Mizo Zrt. put the Mizo Coffee Selection product range on the Hungarian market in April 2017, and it became the market leader in just a few months. Nielsen data shows that...
Read more
The Ministry of Agriculture extends the summer food chain control
The summer control that covers all branches of the food chain is expanding with new target areas, so from now, until 20 August, more products, events and sales venues are...
Read moreGlobal wheat crops may decline
The unexpected April heat stress can affect yields negatively in Scandinavian countries in the northern areas of Germany, in Poland and in the Baltic States. According to the experts of...
Read more
Wages grew at the fastest pace in Hungary among the four Visegrád countries
In the group of the Visegrád four, Hungary, Slovakia, Czech Republic and Poland, Wages grew at the fastest pace in Hungary and the slowest in Poland – according to TASR,...
Read more
In the first quarter, euro area and EU GDP growth slowed down
According to Eurostat’s statistical data released on Thursday, according to the preliminary data, economic growth in both the euro area and the EU slowed down as a result of the...
Read moreGerman retail sales significantly lagged behind expectations in May
German retail sales are far behind the expectations in May – according to a statement issued by Destatis on Friday. In May, retail sales declined by 1.6 percent compared to...
Read moreAlmost 45,000 sick pigs to be killed in Romania
Almost 45,000 pigs to bedestroyed in Romania in a Tulcea county farm where an African swine fever epidemic was detected – the Romanian Veterinary and Food Safety Authority announced on...
Read moreConsumer sentiment improved in the United States
June’s consumer sentiment improved in the United States – the regular monthly survey of the University of Michigan revealed. In June, the final consumer sentiment index increased to 98.2 points...
Read moreRomania’s retail trade performs well
The volume of retail sales grew by 6.5 percent in the first four months of the year, compared to a year before – according to the Romanian National Statistical Institute....
Read more
Magazine: We care more about oral hygiene
Data provided by Johnson&Johnson reveals that from the oral care category’s three segments toothpaste is the biggest, but mouthwash is growing and getting close to toothbrush. (Source: Nielsen, FMCG Overview, Market...
Read moreThe profit of wineries has decreased
Four years ago, companies dealing with the production of grape wine had billions of HUF losses, but last year, the sector gained minimal profits – Világgazdaság Online wrote. Last year,...
Read more
Fruit classifier capacity to be expanded in Kisvejke
The fruit classifying capacity to be increased twofold with a 180 million HUF investment in Kisvejke, Tolna County, where the country’s largest apricot plants can be found. The local government...
Read moreSmall farms dominate EU agriculture
In the EU Member States in 2016, 10.3 million farms were operating on 171 million hectares, two thirds of them had less than 5 hectares are and only 11 percent...
Read more
An application was announced for the development of Pest county’s local markets
The Ministry of Finance (PM) announced an application for the support of the development of Pest county markets for municipalities in the value of two billion forints – the Minister...
Read more
Changes to the regulations on food and drink vending machines have been published
The changes to the regulations on the operation of food and drink vending machines and the support for the purchase of automatic supervision units were published in the Hungarian Gazette...
Read moreThe growth of Czech retail sales accelerated
In April, annual growth rate of retail sales grew by 5.6 percent in the Czech Republic from the 3.9 percent of March – the Czech Statistics Office announced on Tuesday...
Read more
Magazine: The salami end isn’t here yet
In the second half of 2017 the regulations in the Hungarian Food Book became stricter and this affected the cured meat market too: many products don’t qualify as salami and...
Read more
