Market News
Milk’s price climbed back
In April 2017 agricultural production prices increased by 4.1 percent from the level of April 2016 – reported the Central Statistical Office (KSH). This rise was the result of the...
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LG battling food waste
LG has joined forces with the London Vegetable Orchestra (LVO) to raise awareness of the issue of food waste, and to show how consumers can preserve fresh food days or...
Read moreGlobal food import bill on the rise despite stable markets
Global food commodity markets are well-balanced, buoyed by ample supplies of wheat and maize and rebounding production of oilseed products. However, rising shipping costs and larger import volumes are set...
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Despite the VAT cuts, the price of pork increased
Pork has been significantly cheaper over the last year, so more and more people hear that there is nothing to do with VAT cuts because they can not lower the...
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The Nébih tested Caucasian kefirs
The National Food Chain Security Office (Nébih) tested Caucasian kefirs. Serious problems were not found during the investigations – the agency told MTI on Friday. According to Nébih’s announcement, 17...
Read moreA quarter of autumn wheat is already in the storages
A quarter of the nearly one million hectares of winter wheat in the country are already in the storehouses; This year’s average yield will be around 5.2 tonnes per hectare...
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The number of women is increasing in agriculture
The proportion of women working in agriculture in the world is growing steadily, not only in the labor force, but also among the owners and managers of the farms –...
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Foreign trade in the euro area expanded significantly
Foreign trade in the euro area flourished in May. Exports and imports have expanded considerably, which is another sign that world trade is in a good state. The world’s number...
Read moreConsumer sentiment on its 8 month nadir in the world’s largest economy
Consumer sentiment in July reached an 8 month nadir in the United States – the regular monthly survey of the Michigan University revealed. The preliminary results were published on Friday....
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AKI: Poultry meat export to Hong Kong reaches record level
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s poultry meat export dropped 18 percent to 43,000 tons in the first...
Read moreAgrarian Chamber: We are champions in sweetcorn
Hungary is the largest sweetcorn producer in Europe and after the United States the second largest exporter in the world. In domestic production, super-sweet varieties have been spread, Hungarian sweetcorn...
Read moreThe Kopint-Tárki Zrt. expects an increase of 3.7 percent and a 2.3 percent inflation this year
This year, the researchers of the Kopint-Tárki Konjunktúrakutató Intézet Zrt. expects an increase of 3.7 percent and an annual inflation of 2.3 percent inflation – Palócz Éva, CEO of the...
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Butter prices rose twofold
Food prices may became more expensive this year, due to the increase in the price of butter – Origo wrote. Butter prices have doubled this year, due to unfavorable weather,...
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The breach of procedure, due to the restriction of retail companies in a new stage
The European Commission has informed the Hungarian Government that it has sent a reasoned opinion on the matter, which is the second stage of the procedure. The legislation prohibits the...
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Advocacy: the operators of the beverage and food vending machines will be affected badly by the new legislation
Thousands of beverage and food vending machine operators may disappear, as the new legislation disadvantages operators, and some of its specifications are unachievable – the Hungarian Food and Beverage Association...
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Cold storage facility built in Iváncsa
A cold storage facility has been built from HUF 1.6 billion in Iváncsa. From the project’s budget HUF 1.2 billion came from the government. Owner Alba Fructus Kft. created 15-20...
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Information exchange for risk assessment purposes
The recommendations worded as part of OECD’s Base Erosion and Profit Shifting (BEPS) project have great influence on the international practice of transfer pricing. The goals of the BEPS action...
Read moreKSH: agricultural purchasing prices have continued to rise
In May, due to a 0.9 percent decline in plant products prices and a 15.0 percent increase in live animal and animal products, the agricultural purchasing prices increased by 4.5...
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Tasting in only 4 stores
With the participation of NAK, the melon promotion campaign started last week with the participation of seven chain of stores (ALDI, Auchan, CBA, Lidl, METRO, SPAR, Tesco) Because of the...
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Cattle increased, pig and sheep stocks dropped
The number of pigs increased by 22,000 last year, while the number of pigs decreased by 219,000 and the number of sheep decreased by 36,000, according to the Central Statistical...
Read moreInflation was at its low point in June this year
The slowdown in inflation in June was in line with the analysts’ expectations, who continue to expect increase. After last month’s slowdown, the price of commodity prices, especially the prices...
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GKI: The minimum wage increase affected net earnings less than expected
The minimum wage increase affected net earnings less than expected. In case of the taxpayers, who declared themselves as minimum wage entrepreneurs, net wages between May 2016 and May 2017...
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The market for robotics will grow by 20 percent this year
This year, the amount spent on robotic technology purchases increases by nearly 20 percent according to the US International Data Corporation’s (IDC) survey. According to IDC’s forecast, this year, 97.2...
Read moreFMCG retail sales at our ‘neighbours’
Czech Republic Retail sales expanded faster than the European average: in Q1 2017 like-for-like FMCG value sales increased by 2.3 percent on average. In Q4 2016 volume sales rose 3.1...
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Tax traffipax from NAV
In the spring the National Tax and Customs Administration (NAV) performed 120 previously announced on the spot inspections. This so-called tax traffipax programme resulted in more receipts being issued by...
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Parliament gives green light to tax package
The Hungarian parliament has given a green light to the 2018 tax package. The VAT on internet services reduces by 13 percentage points to 5 percent – this step will...
Read moreConsumer prices rose by 1.9 percent in June
Consumer prices were on average 1.9 percent higher in June than a year before. Compared to May, prices did not change – the Central Statistical Office (KSH) said on Tuesday....
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Őstermelőket ellenőrzött a nagybani piacokon a Nébih
Csaknem 4 tonna zöldség és gyümölcs értékesítését tiltotta meg a Nemzeti Élelmiszerlánc-biztonsági Hivatal (Nébih) 2017 tavaszán a nagybani piacokon végzett ellenőrzései során, amelynek keretében 135 őstermelőt ellenőrzött – közölte a...
Read moreFazekas Sándor: there is a great interest towards the Hungarian agricultural research results
There is a considerable interest towards Hungarian agricultural research abroad; Not only in the neighboring countries but also in Central Asia – for example towards the new Hungarian wheat varieties...
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