Market News
The NÉBIH seized dietary supplements
Potentious food supplements from China were withdrawn by the National Food Chain Safety Office (NÉBIH) because they found drug-like substances in the tests. According to a statement of NÉBIH sent...
Read more
Czechs spend billions for their favorite pets every year
Czechs spend billions each year on their favorite pets, especially for dogs and cats. The amount of money spent on cosmetics, veterinary care, or the use of special kennels of...
Read more
The good quality Hungarian grain is popular abroad
In terms of quantity and quality, the Hungarian wheat harvest was good this year – it was revealed at the press conference closing this year’s harvest. Grain cereals will abundantly...
Read moreWe are not buying blindly anymore
Eight out of ten customers read the ingredients It is important for eight out of ten customers what are the ingredients of the products they put into their shopping carts....
Read more
The Seed Association does not expect seed price increase
The Seed Association Interprofessional Organization and Product Board published a net price of 92,000 HUF for one ton of autumn sowing seeds, which is expected to be slightly below last...
Read more
Contaminated eggs – Nébih: the price of eggs will not rise
The number and volume of contaminated eggs do not reach the level that would cause change in the price, but it can affect the market processes – Nagy Attila, deputy...
Read moreifo: the world economy mood is still good
The world economic mood index is still close to a three-year peak in the third quarter, though the indicator has declined from 13.0 points to 12.7 points – according to...
Read more
Dietitian: the better nutrition awareness of the population would bring a hundred billion HUF for health care
The health care would save at least one hundred billion HUF if the nutrition awareness of the population would be improved – Soltész Erzsébet, a dietitian of the One Drops...
Read moreRetail in Europe: Central and Eastern Europe is catching up
GfK has made a study on European retail trade. GfK has conducted a comprehensive analysis of the retail trade in 32 European countries, which analyzes the purchasing power, the retail...
Read more
The prospects of the international beef market are favorable
The world’s beef trade continues to grow and the prospects for the international market are favorable, which is a good opportunity for the Hungarian cattle industry, the Minister of State...
Read more
FM: special support for farmers who suffered frost and hail damages
The ministry will assist those growers with a special support, who suffered frost and hail damages this year, the Ministry of Agriculture told MTI on Thursday. According to the information...
Read more
Brussels calls for summit over major egg contamination scandal
The European Commissioner, responsible for food safety has called for a meeting of ministers and national regulatory agencies for Friday, to discuss a widespread European contamination scare, which has seen...
Read moreWithout well-trained specialists there is no sure future in agriculture
Without well-trained professionals, there is no safe future and perspective in the agricultural sector – the Parliamentary Minister of State of the Ministry of Agriculture said on Friday at the...
Read more
Forty thousand fake children’s toys were seized in Kelebia
Forty thousand fake children’s toys have been found by the National Tax and Customs Administration’s (NAV) financiers in Kelebia in a container – the press officer of NAV’s Bács-Kiskun County...
Read moreSlovak retail trade increased
The retail trade in Slovakia rose by 7.8 percent in May, after the 6.5 percent increase of April, the Slovak Statistics Office told on Tuesday. Retail sales growth in May...
Read moreGerman consumer sentiment on top
In June, the Consumer Sentiment Index of the GfK Market Research Institute in Germany rose to a nearly sixteen-year high. In June, GfK’s German consumer mood index increased to 10.6...
Read moreMNB: the 3 percent inflation target could be realized at the beginning of 2019
The growth rate of consumer prices in Hungary is expected to reach the central government’s 3 percent long-term inflation target at the beginning of 2019, Várhegyi Judit, head of department...
Read moreAgricultural Chamber: the wheat harvest is higher than the expectations
Despite the adverse weather, this year’s wheat harvest has surpassed expectations – Süle Katalin, spokeswoman for the National Chamber of Agriculture (NAK) told M1 news channel on Wednesday. She added:...
Read moreSmaller grape yield is expected, due to hail in the Szekszárd wine region
Due to the hail, occured on hundreds of hectares smaller grape harvest is expected, compared to last year in the Szekszárd wine region, while in the non-damaged areas quality grapes...
Read more
The commercial price of spirits will be increased in Ukraine
The Ukrainian government adopted a decision on Wednesday to significantly increase the minimum trade price for spirit drinks – according to the press release of the Ministry of Economic Development...
Read moreCompared to the average, more meal wheat was produced this year
Compared to the average, more meal wheat was produced this year: the share of meal and feed wheat is generally thirty-seventy percent, but this year the rate is 50 –...
Read more
Nielsen: Nearly four million condoms are sold in the summer festival season
Condom sales are on the peak during the festival season in Hungary. In July and August we spend more than 15 percent more on condoms than in the other months...
Read moreKAVOSZ: the maximum loan amount of the Agro Széchenyi Card has doubled
The maximum loan amount of the Agro Széchenyi Card increased, the cost and interest-free loan will be available again for agricultural enterprises that suffered damages due to adverse weather conditions...
Read moreAnalysts expect inflation of around two percent
The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer...
Read more
Brits worry for their Darjeeling tea
Brits worry for their favorite Darjeeling tea as well as the Japanese and the Germans. The terroir of the so called champagne of the teas is threatened by strikes in...
Read more
Artificial intelligence writes newspaper articles
BBC and Associated Press have started using the Wordsmith application of Automated Insight (available in English and Chinese at the moment) in writing sports articles. Since the app’s launch 1.5...
Read moreGood quality cereal crops are expected
Almost one million hectares of winter wheat is already in the granaries. A slightly larger and better than average quality grain crops are expected – according to the Minister of...
Read moreInflation is over two percent
Consumer prices were on average 2.1 percent higher in July than a year before. Compared to June, the average consumer price did not change, the Central Statistical Office (KSH) reported...
Read moreInvestment plans are real according to the latest survey of the Takarék Agrárhangulati Index
After the drought period, before the delivery of the application decisions, the majority of the farmers still have a positive view on agriculture, according to the Saving Group’s (Takarék Csoport)...
Read moreKSH: the six-month foreign trade surplus is approaching 5.4 billion euros
In the first half of the year, exports increased by 9.9 percent and the value of imports calculated in euros increased by 11.3 percent, compared to the same period of...
Read more