Market News
Hungarian meat industry companies performed quite well
According to the summary of the Agrárszektor, the results of Hungarian meat industry companies in 2023 showed significant differences. Some larger companies, such as Kometa 99 Zrt. and Pick Szeged,...
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Bread may become even more expensive
The Hungarian government’s plans to expand the manufacturing industry are only on the drawing board, while the bread business, which is the link between agriculture, its retail trade and the...
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Tej Terméktanács once again celebrates World Milk Day with a nationwide prize draw
Due to the versatility and nutritious properties of dairy products, we have been celebrating World Milk Day every year for 49 years*. The celebration of milk and dairy products cannot...
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The volume of exports of food, beverages and tobacco was 6.7 percent higher, and the volume of imports was 13 percent lower than a year earlier
In March 2024, the volume of exports was 10 percent lower than the same period of the previous year, and the volume of imports was 15 percent lower. The asset...
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Sales prices in the food industry were 5.9 percent lower than last April
In April of this year, industrial producer prices were on average 2.0 percent lower compared to a year earlier. Domestic sales prices fell by 5.0 percent, export sales by 0.4...
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Economic sentiment improved in the EU and the euro area in May
The economic sentiment index in the euro area and the European Union improved in May, according to the survey presented on Thursday by the European Commission’s Directorate General for Economic...
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Companies are waiting for innovations
Due to the unfavorable economic outlook and expensive resources, Hungarian companies are holding off on product and service development, preferring to retain their existing clientele, provide better service, and improve...
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Oreo production is back in Ukraine
Mondelez International, the well-known food industry giant, made a significant step forward when it announced that it will restart the production of Oreo cookies in Ukraine. This move comes two...
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Agroinform.hu: the domestic melon season may start weeks earlier this year
Due to the warm spring period, it is expected that the domestic watermelon season can start already at the beginning of July this year. This year, the producers planted melons in...
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Is melon season here yet?
Thanks to the favorable spring weather, the domestic watermelon season can start already at the beginning of July this year, bringing the usual date significantly earlier. According to the forecast...
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NGM: trust is unbroken, Moody’s also continues to recommend Hungary for investment
Despite the escalating war situation, confidence in Hungary is unbroken: Moody’s also continues to recommend our country for investment – the Ministry of National Economy (NGM) emphasized in its statement...
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In April, the personal consumption price index stagnated in the United States
In April, the personal consumption expenditures (PCE) price index excluding food and energy prices in the United States, the Fed’s preferred inflation indicator, stagnated at 2.8 percent for the third...
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The Nébih confirmed a bird flu infection in a cat
As in several other countries, the highly pathogenic bird flu virus has been detected in mammals. The National Food Chain Safety Office (Nébih) identified the pathogen in a domestic cat...
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Wolt launches hybrid delivery service
In mid-April Wolt started the Wolt Hybrid Delivery service, which makes it possible for restaurant managers to choose whether to use Wolt’s network of courier partners or their own delivery...
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German retail sales decreased in April on a monthly and annual basis
German retail sales fell more than expected in April month-on-month, and the German Federal Statistical Office, Destatis, registered a decline on an annual basis as well, according to Friday’s report....
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Facilitation of land use change through social consultation
Based on the Strategic Plan of Hungary’s Common Agrarian Policy (KAP), the social consultation of the draft call for tenders entitled “Investments promoting land use change and their maintenance” has...
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Foodora To Close Online Supermarkets In Austria
Delivery Hero subsidiary foodora plans to close its online supermarkets in Austria, risking approximately 128 jobs. The closure of foodora markets in Austria will not impact its product offering as...
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During the period of permanent water shortage, it is possible to irrigate without a water law permit
The Ministry of Agriculture supported the initiative of the Association of Hungarian Farmers’ Cooperatives and Farmers’ Cooperatives and the National Chamber of Agriculture, following which the Ministry of the Interior...
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Lidl Ireland Expands GoCar Partnership To 50 Stores
Lidl Ireland has expanded its partnership with car- and van-sharing service GoCar by installing 100 pay-as-you-go vehicles to rent in 50 stores across Ireland. In the past year, more than...
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Arla Foods to launch Milka chocolate milk with Mondelez
Milka chocolate milk will be launched in Germany, Austria and Poland next month. Danish dairy group Arla Foods has struck a licencing deal with US confectionery giant Mondelez International to...
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The domestic cherries are ripening. The popular fruit will soon be available in larger quantities on the markets
The domestic cherry season started earlier than usual, the picking of the early varieties started already in mid-May, but a larger quantity of the popular fruit will be on the...
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ABInBev says the start of the year was encouraging
ABInBev has had a better start to the year than the company expected, with both revenue and profit growing above expectations. ABInBev ended the first quarter with 2.6% higher revenues...
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Germany’s Mix Markt arrives in Serbia
German food chain Mix Markt, which specialises in Eastern European flavours, has opened three stores in Serbia – two in Belgrade and one in Novi Sad. The stores offer a...
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Fidelity International: softer landing is likely
When the fourth quarter of 2023 was approaching, fund manager Fidelity opined the most likely scenario for 2024 was a cyclical recession, with a moderate economic contraction followed by a...
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Record sales by certified organic products in the US in 2023
In the US the certified organic market reached a record USD 69.7bn in sales in 2023, according to the Organic Trade Association (OTA). This article is available for reading in...
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FoodTechShow: investing is a must
On 9-10 April the Hungarian Chamber of Agriculture (NAK) organised its FoodTechShow at Millenáris. More than 60 exhibitors showcased nearly 150 innovative technologies and machinery for the representatives of the...
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Plant-based proteins: a complete source of essential amino acids
A recent study claims that many of the most popular vegan proteins contain all 9 amino acids, namely histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan and valine. This article...
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GKID eTOPLISTA 2023: Unchanged leading position, changing balance of power
Since 2015, GKID has been creating public rankings of online merchants in the Hungarian market, focusing on those with the highest revenues. In collaboration with Mastercard, this year they compiled...
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Reversal instead of filling the digital gap
Digiméter has measured the digitalisation level of Hungarian small and medium-sized enterprises (SMEs). This article is available for reading in Trade magazin 2024/5 The main index score was 40 on...
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Scary amounts of toxic substances have been found in Shein’s children’s products
A recent investigation ordered by the South Korean government has revealed serious security concerns about products sold by Chinese online commerce giants. During the inspections, dangerous levels of toxic substances...
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