Market News
The European Commission supports the BIOEAST initiative
The European Commission supports the BIOEAST initiative for agri-food research and innovation – the Ministry of Agriculture has informed. The ministry announced in a statement that Nagy István, Agriculture Minister...
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The National Chamber of Agriculture organizes an agricultural career orientation week
The National Chamber of Agriculture (NAK) organizes an agricultural career orientation week for primary school students. With the programs the NAK wants to promote farmer and livestock worker vocational trainings....
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The turnover of agricultural products with Vietnam is good
The foreign trade of agricultural products expanded dynamically in Asia in recent years – the Ministry of Agriculture told MTI on Saturday, reporting about the visit of Minister Nagy István...
Read moreTrade flow is becoming more and more significant on the Silk Road
The rail freight trade between China and Europe is growing at a remarkable pace: the network can no longer handle the load, although Beijing is investing huge amounts of money...
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‘Liquid snacks’ are conquering the market
Zoltán Matskási, operational marketing manager of Coca-Cola HBC Magyarország Kft. told our magazine that the smoothie segment, even though it only realises 2 percent of sales in the fruit juice category,...
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Import UHT milks can disappear from the domestic stores
The National Chamber of Agriculture (NAK) held a dairy consultation with the participation of milk producers, processors, retailers and retail chain of stores on 5 July 2018 in Budapest. The...
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AM: the construction of mushroom houses and cold stores is supported with 18 billion forints
About one hundred and eighty agricultural enterprises build or develop both mushroom houses and cold stores from 18 billion forints support. Both figures will continue to grow in the future...
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Nébih draws attention to the thorough heat treatment of frozen vegetables
The quick-frozen vegetables and mixtures of vegetables produced by Greenyard’s plant in Baja –that are contaminated with listeria bacteria – may be marketed in Hungary as well. Therefore, the National...
Read moreMost of the Central European companies increase their Research and Development spendings
Most Central European companies increase R&D expenditures, but expect greater support from governments. For most businesses, identifying those Research and Development R&D activities is the biggest challenge of which grants...
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The service sector is continuously expanding in Hungary
The performance of services in Hungary has been expanding for years, and now it has four times the value of the industry in the entire economy – Csath Magdolna economist...
Read moreMore than half of the 100 largest companies are US-owned
More than half of the 100 largest companies, 54 percent are still in US ownership, and represent 61 percent of aggregate market capitalization. The companies of China are on the...
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The EU-Japan Free Trade Agreement was given a green light
The Council of EU Member States approved the signing of the free trade agreement between the European Union and Japan on Friday. The signing is expected to take place on...
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Vodka-mixed chocolate cottage cheese and pepper cream – You would drink it
After a few years break, the Finnish vodka champions visited Hungary again. Markku Raittinen and Pekka Pellinen are traveling from country to country as the ambassadors of Finnish vodka. Markku...
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Soy bean production of the world can exceed 350 million tons next year
This year’s production decline from this oily seed may be temporary. If Argentina shakes up and Brazil continues to grow as it did this year, next year we will have...
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Fipronil eggs were found again in the Netherlands
Fipronil was detected in pesticides in the Netherlands at an organic farm. Farmers apparently did not learn fom the case last year – agrarszektor.hu wrote. The scandal first exploded in...
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Magazine: Technology has had an impact on the category’s composition
Terézia Balog, brand manager of Unilever Magyarország Kft. informed our magazine that there are still fewer dishwashers in Hungarian households than the European average, but sales keep growing. Thanks to this the...
Read moreRaiffeisen expects growth above four percent
Raiffeisen analysts have increased their GDP expectations from the previous 3.8 percent to 4.2 percent, and economic growth is expected to be 3.4 percent next year – Török Zoltán, senior...
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Hungarian chicken breeding is competitive
While Hungarian production is competitive in terms of chicken meat, it cannot be said for turkey meat. The Poles are coming up with awesome speed. Our Eastern neighbor, Ukraine, has...
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A procedure was initiated against 71 market outlets following the examination of Nébih
A lawsuit was initiated against 71 vendors after the Nébih investigated fruit and vegetable sales in 14 markets in Budapest. According to information published on the website of National Food...
Read moreKSH: agricultural producer prices increased by 1.2 percent in April
Agricultural producer prices increased by 1.2 percent in April, compared to a year before. This is due to the 3.1 percent increase in the price of vegetable products and a...
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Magazine: Durum products are the engine of sales
Not only ingredient prices have increased in the pasta market recently, but also packaging, energy and workforce costs – these trends entailed an increase in product prices. Norbert Káhn, sales...
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Nielsen: Half of the Hungarian women are football fans
Football is the king of sports: According to a global survey by Nielsen Sports, 43 percent of respondents are interested in it, representing 131 million football fans in the largest...
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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...
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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....
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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...
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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...
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