Market News
Mandatory promotions are over: the industry received the news mixed
As of July 1, 2024, the government has abolished the mandatory promotion for grocery stores, which was introduced on June 1, 2023 in order to curb price increases. The rate...
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KSH: The volume of exports of food, beverages and tobacco increased by 35 percent, while the volume of imports increased by 10 percent
In April 2024, the volume of exports was 13, and that of imports exceeded the previous year by 2.5 percent. The asset amounted to 1.7 billion euros, the balance improved...
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BMI: Slight contraction in June
The seasonally adjusted June value of the Purchasing Manager Index (BMI): 49.4. Compared to the previous June values, this year’s value is lower than the long-term average for this month...
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Many shops suffer from labor shortages during the summer season
This summer, too, there is a great need for labor in department stores, not only in the shops of settlements around beaches and lakes, but also in Budapest. Many large...
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Company managers are afraid of the difficulties of the green transition
In the absence of a sustainability strategy and concrete carbon footprint reduction plans, the majority of Hungarian companies are not yet prepared for the green transition, according to the research...
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Saving food for people in need
The fundraising campaign of the Hungarian Food Bank Association delivered a record 139 tonnes of food to nearly 28,000 people in need. This article is available for reading in Trade...
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The Living Bread – Telex’s new film
Bread has been one of our most basic foods for centuries, and its main ingredient, flour, appears in many forms in our everyday life. However, modern food production often contains...
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German inflation slowed in June, but food prices are still rising
Inflation in Germany slowed down in June, according to the Monday report of the German Federal Statistical Office, Destatis, based on preliminary data. In June, the consumer price index exceeded...
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Poor Brazilian harvest makes orange juice even more expensive
Brazil is the world’s largest orange juice producer and the country has recently forecasted: the quantity harvested may decrease by around 25% in the 2024-2025 season. This article is available...
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The free trade agreement between China and Serbia entered into force
The free trade agreement between China and Serbia entered into force on Monday, thanks to which around 20,000 products will become duty-free. The agreement was signed in October 2023 and...
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All seasonal fruits are cheaper than they were at this time last year
According to the report of the Institute of Agricultural Economics, seasonal fruits are cheaper compared to last year, and the majority of vegetables did not increase in price based on...
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EM: from Monday, a two-level procedure can help in environmental protection authority cases
The goal of the government is to protect Hungary’s natural values and resources, as well as greening the economy and strengthening its circular operation; in order to further strengthen the...
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MDOSZ: The SMART PLATE® for children is ready
The National Association of Hungarian Dietitians (MDOSZ) has issued a new nutritional recommendation, this time for the 4-6 year olds. After adults and school children, kindergarteners have now also received...
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Target teams with Shopify to expand its marketplace
A selection of Shopify merchants, like True Classic, will join the mass merchant’s digital marketplace, with some available in stores in coming months. To build out its third-party marketplace, Target...
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Is orange wine the ‘drink of the summer’?
An explosion of posts on TikTok has shown a profound appetite for orange wine with some dubbing it the ‘drink of the summer’. It looks as though Generation Z and...
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Danone CEO touts new strategy, focuses on science-based health mission
With the food industry at a “tipping point,” Danone SA will be leaning more toward science and innovation, operational discipline and proactive portfolio management in the 2025-28 period. As a...
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Weird rules now apply to e-cigarettes
As of July 1st, new legislation came into effect in Australia, which significantly changes the distribution and purchase of disposable electronic cigarettes (vapes). According to the new rules, these products...
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DRS: a new era is really starting now
From July 1, 2024, a new era will begin in Hungary in terms of the beverage packaging redemption system. From this date, all newly introduced beverage packaging that is covered...
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More and more thoughtful AI developments are taking place
Az innovációban élenjáró és a digitális átállást kiemelten kezelő cégeknél terjed leginkább a mesterséges intelligencia alkalmazása – derül ki a K&H innovációs index kutatás 2024 első félévi adataiból. Az AI...
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KSH: the number of guest nights increased by 13 and the number of guests by 18 percent in May compared to a year earlier
In May 2024, 1.6 million guests spent 3.7 million guest nights at tourist (commercial, private and other) accommodations. The number of guests was 18, and the number of guest nights...
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The most important agricultural foreign trade partner is Germany
The value of exports of agricultural and food industry products was 3,570 million euros, and the value of imports was 2,428 million euros in the first quarter of 2024, the...
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Community built around production?
Community Supported Agriculture (CSA) is an increasingly popular sustainability concept. This article is available for reading in Trade magazin 2024/6-7 The model is basically that consumers pay for produce upfront,...
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GVH: the online Price Monitor will be one year old on Monday
On July 1, it will be one year since the online price monitoring system operated by the Economic Competition Authority (GVH) went live, the platform was created by the competition...
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Profession.hu: Four out of ten employees expect the home office rules to change
At the national level, three-quarters of Hungarian employees support the home office, regardless of whether it is feasible at all in terms of their own work. However, the possibility of...
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KSH: Sales prices in the food industry were 5.1 percent lower than a year ago
In May 2024, industrial producer prices were on average 0.2 percent lower compared to a year earlier. Domestic sales prices decreased by 3.9 percent, export sales increased by 1.7 percent....
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We can expect a long apricot season
Apricot growers can expect an excellent harvest, double last year’s, and a long season this year, the Minister of Agriculture announced on his social media page. István Nagy emphasized that...
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Swedish start-up to fortify plant-based meats with easy-to-absorb iron
A Swedish start-up has been granted EUR 1m in funding to develop plant-based proteins that help the body to easily absorb iron. This article is available for reading in Trade...
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AKI: seasonal fruits are cheaper compared to last year
Seasonal fruits are cheaper compared to last year, most of the vegetables did not become more expensive based on wholesale market prices – read the latest report of the Agricultural...
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Results and experiences of the first year of the Agro-ecological Program
Following the 2023 applications of the new green area-based subsidy, the Agro-ecological Program (AÖP), nearly 51,000 producers received a total of HUF 92.5 billion in payments for approximately 3.6 million...
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Just Eat Takeaway expands free delivery for Amazon Prime members to Europe
Just Eat Takeaway is expanding its partnership with Amazon to Europe. Austrian, German and Spanish members of Amazon Prime can now have their ordered meals delivered for free. In the...
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