Market News
AM: From January 1, buyers must pay producers within 30 days
From January 1, buyers must pay producers within 30 days. The 30-day payment deadline for agricultural and food products has been a requirement since 2012, but – in order to...
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Tata Consumer Products to grow Starbucks cafes in India to 1000
Tata Consumer Products (TCPL) is set to capitalise on the expanding coffee market in India by scaling up its cafe operations through its joint venture, Tata Starbucks. MD and CEO...
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52 percent of agricultural machinery investments were spent on power plants
Individual farms and corporate enterprises purchased new agricultural machinery and equipment worth 135.2 billion forints in the January-September 2024 period, which was 41 percent lower than the turnover a year...
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KSH: Agricultural output in 2024 fell by 8.0 percent compared to the previous year
The total output of agriculture in 2024 amounted to over 4.0 thousand billion forints, falling by 8.0 percent compared to the previous year. The decrease was caused by a combined...
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Drop in alcohol consumption in France driven by wine, study says
The fall last year was attributed mostly to a 4.2% decline in wine sales volumes year-on-year. A fall in wine consumption in France drove a drop in the sales of...
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Aldi opened nearly 120 stores in 2024
Fast-growing discount grocer gets closer to its goal of opening 800 new stores by 2028 ‘Tis the season for Spotify Wrapped—the music streaming service’s annual recap of users’ individual listening...
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EU and Mercosur countries reach political agreement on planned free trade agreement
The European Commission and representatives of Mercosur countries have concluded negotiations on a free trade agreement and reached a political agreement on its conclusion, the Brussels-based executive body announced on...
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The 25th anniversary of Hungarian Entrepreneurs’ Day was held
The 25th Jubilee of the Hungarian Entrepreneurs’ Day was celebrated on December 6, 2024, in Budapest, at the MÜPA. At the event, János Eppel, President of the National Association of...
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FAO: Global food prices rose to more than a year-and-a-half high in November
Global food prices rose to their highest level since April 2023 in November, according to data published on the website of the Food and Agriculture Organization of the United Nations...
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This is how Hungarians shopped for Christmas this year
Christmas is one of the most cherished times of the year, filled with the joys and challenges of gift-giving. A recent survey conducted by Pepita.hu, involving more than 4,000 participants, provides...
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In addition to traditional flavors, more and more special flavors of szaloncukor are diversifying the range
From traditional flavors to candies made with special fruits and spices, consumers can choose from an extremely wide range of products this year. According to the overview of the National...
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Nébih experts examined vegetable and fruit food rescue packages
The Pro Filii Foundation, which coordinates the charitable activities of the Mészáros Group, organized its usual Advent food donation program for the fifth time. This year, the organization, with the...
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Legal pálinka production in crisis: tax-free private distillation distorts the market
The situation of Hungarian commercial pálinka distilleries continues to deteriorate, their turnover has reached a record low, while the market is increasingly dominated by distillates made for private use but...
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Mihály Varga: the Hungarian economy successfully received the last credit rating of this year
“This year alone, the credit rating agencies have assessed Hungary 12 times, and despite the deterioration of external conditions, they have kept our country in the investment grade category every...
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Nébih: 7 out of 25 “rescue packages” were on the verge of compliance from a food safety perspective
The National Food Chain Safety Office (Nébih) recently conducted a product test under its Szupermenta program, focusing on fruit and vegetable food rescue packages. These increasingly popular packages, often available through mobile...
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Challenges in Hungarian Grain Production: Focus on Quality and Sustainability
At the Portfolio Agrárszektor 2024 Conference, industry experts revealed that 60% of Hungary’s corn harvest is unsuitable for food production, leading to a loss of key export markets, including Italy. Although this...
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A light truck delivers sweets – Waberer’s supports ten thousand children in need on Santa Claus’ Day
Waberer’s, which regularly participates in the delivery of donations to the Hungarian Maltese Charity Service throughout the year, has decorated its truck with festive lights. This year, on Christmas Eve,...
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Christmas rush: parcel traffic doubles during the holidays
During the holiday season, parcel traffic related to online orders increases significantly, which places a heavy burden on parcel delivery services and post offices. Parcel carriers are warning customers to...
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Hungarian companies are optimistic about climate change
According to EY’s international research, the majority of Hungarian companies are optimistic about meeting their climate targets, and 70% are confident that they will reach their sustainability goals. This article...
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Researchers from the University of Debrecen examined the role of sweet corn in preserving health
Researchers from the University of Debrecen (DE) examined the increase in the yield of sweet corn and its role in preserving and improving human health: the four-year project, carried out...
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The future of automated stores: Unmanned stores may appear in Hungary too
Coop Szeged Zrt. will soon take its store network to a new level by introducing automated technologies. According to the company, the Coop unit on Szent István Square may be...
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Smartphone payments turnover increased by 180 percent in two years
In ten months, K&H customers spent more than 469 billion forints with smart devices. This is 58 percent more than a year earlier, while compared to the same period in...
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The Success of Rosé Wines: The Triumph of Fruitiness and Freshness
Rosé wines uniquely blend the rich flavors of red grapes with the freshness and vibrancy of white wines, making them a highly sought-after segment in the Hungarian wine market. At...
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AKI participates in the carbon farming project supported by the European Commission
On behalf of the European Commission’s Directorate-General for Climate Action (DG CLIMA), an international consortium is examining several policy instruments in order to define appropriate incentives for reducing greenhouse gas...
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REWE offers animal-free cheese in Germany
REWE is offering cheese lovers a new sustainable cheese alternative: Frischhain, a completely animal-free cheese developed by the start-up Formo, is available in three different versions. This article is available...
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Online shopping scams: a cautionary case about Kockabolygó and Kockaváros
Online shopping has become increasingly challenging in recent years due to the widespread presence of scammers. Platforms like Facebook Marketplace are particularly notorious, where conducting transactions without encountering fake profiles and...
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Hungarian Commissioner responsible for animal welfare in the European Commission
The new European Commission has taken office. For the first time since our accession to the EU, there is a Hungarian Commissioner who can directly act to promote EU and...
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From January 1, buyers must pay producers within 30 days
The 30-day payment deadline for agricultural and food products has been in force since 2012, but – in order to protect producers – violating it will also result in an...
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AI handbook for the communications industry to be published
Domestic trade organisations, including MAKSZ, MMSZ and MLE have teamed up under the leadership of Nikolett Blaskó to draft an industry code of practice for AI use. This article is...
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Farmers take to the streets in Belgium to protest against the EU-Mercosur agreement
Several dozen farmers took to the streets in eastern Belgium to protest against the conclusion of a free trade agreement between the European Union and the South American Mercosur countries,...
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