Market News

It is still not too late to announce the agrotechnical operations/second sowings

Today, the Hungarian State Treasury will start preparing and sending out to customers the fifth round of information letters related to the 2023 unified application, and also the last one...

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The new agricultural and rural development tenders will start at the beginning of next year

The 2024 tender schedule for agricultural and rural development subsidies has been prepared, almost HUF 2,900 billion in resources are available to farmers, announced Agriculture Minister István Nagy on his...

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MATE’s training portfolio is expanding with the Master’s degree in Agricultural Technical Systems Engineering

The Hungarian University of Agricultural and Life Sciences will launch a new master’s degree in agricultural technical systems engineering in February 2024, to which you can enroll with a bachelor’s...

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The producer price of broiler chicken is almost 20 percent higher compared to the same period in 2022

According to AKI PÁIR data, the live weight producer price of slaughter chickens in Hungary rose by 20.2 percent to HUF 494.4/kg, and that of slaughter turkeys by 25.9 percent...

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Is the European meat tax coming? We summarize in four points why we should not fall for this simplistic narrative

The anti-meat narrative has gained strength again in Brussels. Recently, one of the chief scientific advisers of the European Commission spoke about his support for the introduction of a European...

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In heavily infected areas, anti-pox products can be used in conjunction with treatment, but in higher doses

The National Food Chain Safety Office (Nébih) amended the use permit of Pocok Tox MAX and Rodent Stop rodenticides in view of the serious pest situation affecting several regions of...

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Lidl Germany Aligns Prices Of Own-Brand Vegan Items With Meat Products

Lidl Germany is standardising the prices of its private-label SKUs under the Vemondo brand, to match with comparable items of animal origin. The move will see the majority of Vemondo products...

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The price of slaughter heifers and slaughter cows has decreased

In the European Union, the slaughterhouse entry price of the young bull “R3” commercial class was 4.84 euros/kilogram cold carcass weight in September 2023, a decrease of 3 percent compared...

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China becomes significant player in RTD category

China is expected to become a major player in the ready-to-drink (RTD) category, growing by a volume CAGR of 6% in the five years to 2027, new research shows. The...

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Nébih: poultry must be kept closed again in seven counties due to the risk of bird flu

Due to the increased risk of bird flu, the national chief veterinarian Szabolcs Pásztor ordered the compulsory confinement of commercial poultry in high-risk areas, the National Food Chain Safety Office...

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Peroni celebrates the gift of friendship in first-ever Christmas campaign

Italian beer brand Peroni Nastro Azzurro has launched its first-ever festive advertising campaign to encourage customers to ‘Live Every Moment, All Year Round’. Developed by creative agency UNBOUND, the campaign...

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The UBM Group closed the 2022-2023 business year with a pre-tax profit of over HUF 913 million

UBM Holding Nyrt. closed its business year from July 1, 2022 to June 30, 2023 with a pre-tax profit of HUF 913.1 million, while a year earlier its profit was...

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Chamber of Agriculture: rabbit meat consumption in Hungary is undeservedly low

Hungarians undeservedly ignore one of the healthiest sources of protein, even though rabbit meat has excellent nutritional and physiological properties; Although the dynamically developing trend of the domestic rabbit sector has...

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The Complaints Act obliges 65,000 companies in Budapest to operate an abuse reporting system from December

The amendment to the Law on Complaints, also referred to as the Complaints Act, will enter into force in December, obliging a significant number of Hungarian businesses to establish channels...

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Hungarians’ financial pessimism is stagnant

Hungarians continue to react the most sensitively to the deterioration of the economic situation among the countries in the region, according to the Publicis Groupe survey*. The research, which covers...

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In retail trade, the sentiment index dropped to minus 7.8 points from minus 5.7 points in the euro zone

In October, the economic sentiment index of the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) fell less than expected, but still to its lowest level in a...

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It was found out whether Coca-Cola or Pepsi performs better

The long-standing rivalry between Coca-Cola and Pepsi continues, with both companies having a surprisingly successful third quarter, exceeding market expectations. Despite both companies’ shares falling slightly this year, Coca-Cola and...

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Ahold Delhaize buys one of the largest retail companies in Romania

Ahold Delhaize is buying one of the largest Romanian retail companies, Profi Rom Food, the Romanian business press announced based on the statement of the Dutch-Belgian company. Profi Rom Food...

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A petition was launched to preserve Hungary’s GMO-free status

 LMP is launching a petition to preserve Hungary’s GMO-free status, said Antal Csárdi, deputy faction leader of the opposition party, on Monday. In his press conference, which can also be...

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Is the employment of third-country workers the solution to the domestic labor shortage?

The domestic employing companies are increasingly faced with the fact that it is difficult to find quality Hungarian workers, and they are experiencing an increasing fluctuation, which results in an...

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Márton Nagy: Hungary is building an industrial-based economy

Hungary is building an industrial-based economy, concentrating on the manufacturing industry – said the Minister of Economic Development at the award ceremony of the Responsible Employer of the Year 2023...

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The Hungarian Bread Program awarded young agricultural professionals

Twelve young agricultural professionals from Transylvania, Subcarpathia and the mainland received support for their studies and farming as part of the Hungarian bread for the future scholarship program, thanks to...

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Rabbit meat is an excellent source of protein, but it is rarely on Hungarians’ plates

Hungarians undeservedly neglect one of the healthiest sources of protein. Rabbit meat not only has excellent nutritional and physiological properties, it also tastes great. The domestic rabbit sector has undergone significant...

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The Hungarian PR Association published an online PR dictionary

If you have always wanted to know what USP or EVP means, what is the difference between a brand ambassador and a brand representative, or what own-brand products evolved from,...

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One year of Amazon in Belgium: 1,200 partners, 5 million products

One year after its launch, Amazon‘s Belgian webshop is already selling products from 1,200 local businesses. The retailer still sees potential, as more than half of the 1.2 million Belgian SMEs...

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Reference prices and average yield data for this year’s damage mitigation benefit

After the agricultural damages that occurred in this year’s damage mitigation year, the injured parties who filed a damage report during the damage mitigation period of 2023 can submit the...

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Continente Allocates €3m To Improve Shopping Experience

Portuguese supermarket chain Continente is investing €3 million in a technological renovation project, to improve the shopping experience of its customers. This includes a new NCR self-checkout system, which will be...

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The national veterinarian once again ordered the compulsory confinement of poultry

Due to the increased risk of bird flu, the national chief veterinarian Dr. Szabolcs Pásztor ordered the compulsory confinement of poultry kept for commercial purposes in high-risk areas. In the...

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GFM: since the start of the price monitor, the average price of food has decreased in 52 product categories

Since the launch of the online price monitor, the average price of monitored foodstuffs has decreased in 52 product categories, the Ministry of Economic Development (GFM) told MTI. In the...

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Vegán choux-süti mixet készített a Puratos

A Puratos UK kétéves fejlesztési folyamatot követően jelentette be az első vegán choux-sütikeverék bevezetését, amely új mércét állít a choux-tészták terén, és lehetővé teszi a cukrászoknak, hogy bővítsék növényi alapú...

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