Market News
OECD and FAO see slower growth in demand keeping world food prices low
Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow...
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Magazine: Stricter rules make life more difficult for freight forwarders
As global trading develops, demand is increasing for the services of shipping and logistics companies. Market players are focusing on a customer-centred service. According to Zsuzsanna Niklós, sales director of...
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Britain scores an own goal
In the United Kingdom almost 60 percent of the members of the ruling Conservative Party want PM Theresa May to resign, after the party lost the majority of their seats...
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Traditions reinterpreted
Last year the two major cured meat product categories were characterised by opposing trends: according to data from Pick Szeged Zrt., sausage volume sales declined – it seems that cutting...
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Agricultural Experts: highly processed products may increase Hungarian agricultural exports
Although Hungary’s agricultural foreign trade was successful, its balance in 2016 was about 3 billion euros in surplus, the country still does not use its agro-ecological potential. To do this,...
Read moreLess wheat is expected this year, but its gluten content may improve
This year’s wheat production may be smaller than last year’s, but its gluten content will improve, according to a preliminary review of Gabona Control. According to a statement sent to...
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Good domestic cucumber yield is expected
In line with the Western European trend, the annual consumption of cucumbers is growing in Hungary, from 1.6 to 1.8 kilograms per kilogram per capita a year. It is expected...
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Analysts: Foreign trade continues to perform well
Foreign trade continues to perform well, the surplus in May is higher than the expectations – analysts responded to the first estimate of the Central Statistical Office (KSH) on Friday....
Read moreCzerván György: the reduction of VAT on food saves about 50-60 thousand HUF for the families
The reduction of VAT on foodstuffs saves about 50-60 thousand HUF for an average for a family of four members each year so far – the Minister of State of...
Read moreThe harvesting of autumn barley is completed in Békés county
The harvest of autumn barley and peas is completed in Békés county, and farmers will soon end the harvesting of rape. The biggest problem is currently caused by droughts. Kozsuch...
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The Food Bank announces a fundraising campaign
The Hungarian Food Bank announces a fund-raising campaign for the Food World Day. The Hungarian Food Bank expects restaurants, companies and private individuals to the program. The catering facilities that...
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HNT introduces new rules
The National Council of Wine Communities (HNT) has introduced new rules that harmonise the diverse needs of grape growers and winemakers. These rules will already be in effect when this...
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Coca-Cola Cherry becomes sugar-free
In June the new Coca-Cola zero Cherry appeared in shops and bars. The product contains no sugar but has the same, unique taste. Senior brand manager Krisztina Méhler told: they...
Read moreThe chain of stores expect growing sales of melons this season
This season, the chain of stores operating in Hungary expect the growing sales of melons this season. The promotional campaign organized by the Agrármarketing Centrum (AMC), the National Chamber of...
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KSH: exports increased by nearly 19 percent, imports increased by 18 percent in May
The value of exports in euro increased by 18.8 percent while imports by 18.4 percent in May compared to the same period of last year, according to a first estimate...
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An industrial area and agricultural logistics center is under construction in Bátaszék
An industrial area and an agricultural logistics center is under construction in Bátaszék with the 800 million forints support of the Regional Development and Municipal Development Operational Program – the...
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Banks have raised their SME lending commitments by more than 30 percent
Credit institutions have raised their SME lending commitments by more than 30 percent on Thursday on the Hungarian National Bank’s (MNB) HIRS tender – the central bank published on its...
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The Nébih tested the durability of the dog collars
The National Food Chain Safety Office (Nébih) has tested the durability of dog collars – the agency told MTI. The Office draws attention to the fact that livestock owners only...
Read moreTesco starts home delivery in Veszprém
After Budapest, Székesfehérvár, Győr and Szeged, from June Tesco starts a home delivery service in Veszprém, Kádárta and Gyulafirátót, three times a week (Monday, Wednesday and Saturday). Tesco’s head of...
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Magazine: The French connection
Last year, when Hungary’s agri-food export performance improved by 1.6 percent, the country exported 10.5 percent more to France – this was one of the biggest market growths for us...
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Analysts expect a rise in consumption
Retail sales in May rose much higher than expected. Retail sales reached the best result of this year, analysts told MTI, who are expecting strong purchasing power and rising consumption...
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A campaign is launched for the consumption of high quality domestic melons
The National Agricultural Chamber, the Ministry of Agriculture and the Agrármarketing Centrum Nonprofit Kft. are launching a melon promotion program. Within this, tastings will be held in the storesd seven...
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The FM considers the expansion of the Hungarian-Russian agricultural cooperation important
One of Hungary’s most important strategic partners is Russia, so Hungary continues to be interested in the widening of the Hungarian-Russian agricultural co-operation. The export of non-embargoed products is playing...
Read moreThe savings banks would increase their market share in agriculture
The savings banks would increase their market share in agriculture, and in addition to maintaining their existing customer base, they would like to expand the financing of the medium and...
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That’s how the grilled turkey will be really is delicious
During the summer months, grilling is one of the most popular activities when cooking can finally get out of the kitchen. No wonder, besides the delicious snacks, it is often...
Read moreBisnode: the number of liquidations decreased
Liquidations and redundancies continued to declinein the first quarter of this year – the Bisnode Magyarország Kft. told MTI on Wednesday. According to the quarterly analysis, the sharp decline in...
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The Ombudsman urges the accessibility of online cash registers
The Commissioner for Fundamental Rights urges the accessibility of online cash registers for blind and partially sighted people, the Ombudsman’s Office told MTI on Thursday. According to the statement, a...
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Handbags were popular on Mother’s Day
According to a new survey by Loop Commerce, many shoppers opt for handbags and purses as a Mother’s Day gift. Loop Commerce analysed sales data from Macy’s, Saks Fifth Avenue,...
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