Market News

The deficit in the Romanian agricultural trade balance has more than tripled

In the first half of this year, the deficit in the Romanian agricultural trade balance has more than tripled, compared to the year before. Food exports decreased by 4.9 percent,...

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Every other shopper checks food products’ place of origin

Only every second Hungarians are influenced in their buying decisions by which country a product comes from. What is more, from them only every third are consciously looking for Hungarian...

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Groceries were advertised most frequently in June

The ads of FMCG retailers reached the most 18-49 year old television programme viewers in June 2016 – reported Nielsen Audience Measurement Kft. In June 2016 the average viewer came...

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0.3-percent drop in consumer prices in July

In July like-for-like consumer prices decreased by 0.3 percent on average – according to the Central Statistical Office (KSH). In comparison with July 2015, food prices increased by 0.2 percent....

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Probiotic, but not yogurt: What is it?

Good news for consumers suffering from milk protein allergy or lactose intolerance, and for vegan people: a young Hungarian researcher is experimenting with probiotic fruit juices. Nikoletta Annamária Farkas, a...

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Magazine: Gluten-free products have the potential to generate two-digit sales growth

In the last few years consumer demand increased for gluten-free products. In part this is the result of more and more consumers suffering from gluten intolerance, but the number of...

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Significant technological improvements should be implemented in the food industry, according to vice president of NAK

The Hungarian food industry can get out of its difficult situation by increasing competitiveness. This can be achieved with the significant development of the technology and by increasing the scale...

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FM: a record yield is expected

A record yield, or near-record harvest is expected in case of several crops this year, despite the adverse weather conditions – the Minister of Agriculture told at a press conference...

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KSH: earnings rose 5.1 percent in July

The average gross earnings amounted to 256.9 thousand HUF in July, 5.1 percent higher than a year ago, while in January-July, the gross earnings increased by 5.9 percent, compared to...

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The cattle population has continued to grow

The cattle population has continued to grow and the number of sheep increased as well in a year, while pig and chicken stocks fell, and the number of poultry remained...

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NGM: real wages are increasing in Hungary for forty three months

The positive trend continues in Hungary. Real wages are increasing in Hungary for more than three years ie forty three months – Cseresnyés Péter, Minister of State of the National...

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Poland suspends retail tax collection

Poland in response to the action launched by the European Commission suspends the retail tax collection and adopts a new, tax law amendment taxing large-area stores – Pawel Szalamacha Polish...

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Ten questions about drinking alcohol while pregnant and you always wanted to know the answer

Does a little wine hurt the baby during pregnancy? I drank alcohol before I found out that I was pregnant. Will my baby be alcoholic? Can I consume non-alcoholic beer...

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Prosperity is magnetic

The population of the United Kingdom is 64.1 million and the employment rate is 52 percent. Economic growth was 2.8 percent in 2014 and 2.2 percent in 2015. Per capita...

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Nébih: only a few Hungarian food products do not meet the EU standards

In the food and feed safety alert system (RASFF) of the EU, only 0.7 percentage were Hungarian-produced products – the National Food Chain Safety Office (NÉBIH) sent the European Commission's...

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NGM: applications, supporting capacity building and facilitating market entry have received support

New support decisions were born within the Economic Development and Innovation Operational Programme (GINOP). Now 26 developments won approximately 375 million HUF development funds – Rákossy Balázs, Minister of State...

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SMEs spend less than 1 percent of their turnover on info-communication

According to a survey, the majority of domestic small and medium-sized enterprises (SMEs), spend less than 1 percent of their turnover on info-communication, while every second company believes, that IT...

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The government gives an additiobal 3.5 billion HUF to renovate the market in Békásmegyer

The government supports the renovation of the market in Békásmegyer with an additional 3.5 billion HUF – the Minister of National Economy announced in Budapest on Monday, at a press...

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Storm clouds are gathering, another company liquidation wave may come

In August 2016, the registry court registered 1689 newly established companies, which still falls short of the low numbers for the previous period. “The lower company incorporation number in August...

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The stuffed cabbage can be a Hungarikum

The stuffed cabbage can become a Hungarikum, Fazekas Sándor, Minister of Agriculture said at the stuffed cabbage festival in Mezőberény – agrarszektor.hu wrote. The stuffed cabbage has a good chance...

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Giga Farm in China

In China, cloning for food production is a huge business. The new factory of Boyalife Group in Tianjin aims to produce 100,000 cloned cows annually. The business is projected to...

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Catastrophic wheat crop in France

French farmers are desperate. They are calling up the newly created local helpline, because the worst wheat crop of the past three decades makes their livelihood hopeless – agrarszektor.hu wrote....

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Rainbow corn from the USA

These extraordinary images may appear to show colourful boiled sweets or even glass beads – but in fact, they show specially bred ears of corn. Glass Gem corn was developed...

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GMO-free labelings to come

The regulation on the labeling of GMO-free products will be published within days, so the first GMO-free labeled will appear on store shelves soon – magyaridok.hu wrote. A new chapter...

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Tax inspectors visited stores in 2000 cases on the basis of online cash register data

The National Tax and Customs Administration sent inspectors to the stores in 2000 cases in the past half year, after found the traffic of the stores suspicious on the basis...

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Consumer prices increased in the euro zone and in the EU in August

Consumer prices in August increased by 0.2 percent in the euro zone and by 0.3 percent in the European Union in annual comparision – European Union statistical office (Eurostat) announced...

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The US consumer confidence has not improved

The Preliminary Consumer Sentiment for September of the University of Michigan and Reuters came in at 89.8points, unchanged from the August Final reading. Analysts expected 90.8 points. Confidence was unchanged...

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Magazinr: Real progress in the category of winter holiday sweets

At the end of last year volume sales in the chocolate figure market were about the same as in previous years, but in values sales a considerable growth occurred. Sales...

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Nielsen: the expansion of commercial brands has stopped

The expansion of commercial brands has stopped in food retailing during the first half of this year. Their turnover increased by 3.0 percent from food retail sales, while the turnover...

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Too many antibiotics are dangerous for the food industry

It is a huge threat in agriculture and in the food industry that disease-causing microbes become resistant to antibiotics – agrarszektor.hu wrote. Therefore, the UN Food and Agriculture Organization (FAO)...

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