Market News

Pumpkin Olli produced another giant pumpkin

Oliver Langheim, better known as Pumpkin Olli – living in Fürstenwalde, Brandenburg province – produced another giant pumpkin – agrarszektor.hu wrote after 444.hu. AFP PHOTO / dpa / Patrick Pleul...

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The experience of special lip care

Quality matters the most when it comes to buying lip care products: the big question is always how comfortable it is to wear them on one’s lips. From Labello products...

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Brexit may affect our food export too

In a referendum held on 23 June 2016, the majority of Brits voted with yes to leaving the European Union. Now it is the turn of the United Kingdom’s parliament...

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Austrians do feel like buying

Austria is Hungary’s fourth biggest food export market, with an 8-percent share in our EUR 1.94-billion food export in Q1 2016 – reported the Agricultural Economics Research Institute (AKI). In...

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Magazine: Only the purchasing power is missing

Wineries are slowly but steadily responding to market needs and the new-style wines (e.g. fresh, reductive-technology ones) that they develop are slowly getting accepted by the market – revealed Krisztián...

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NGM: consumer confidence is the sign of retail growth

The growth in retail sales is continuous for more than three years, which reflects consumer confidence – the Deputy Minister of State of the Ministry of National Economy (NGM) told...

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Nielsen introduces a new tool to get to know the experiences of the clients and customers

“Listen to your client, consumer and respond to it quickly!” Nielsen introduced the integrated assessment and analysis of the consumers’ good and negative experiences in Hungary with this motto. Nielsen...

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Hungarian sour cherry’s competitiveness declined

Hungary does not use its opportunities in cherry cultivation, despite the world-famous varieties – a professional publication states. According to the professional publication, published on the occasion of a conference...

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It is understandable why there are no sellers in the Hungarian stores

The stores are looking for 55 thousand sellers in the EU countries. The labor shortage is an overwhelming burden in other EU countries as well. Most of the vacant positions...

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Consumers were assessed with an online test

Only a fraction of the regular wine consumers are declaring themselves as wine lovers – according to the recently conducted online survey, the Great Wine Test carried out with the...

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Brazil weather may increase coffee prices

Because of the weather in Brazil the price of morning drinks can increase significantly: coffee and orange juice prices may increase soon, in addition the price of sugar is also...

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In September, the GKI economic index increased within a margin of error

GKI economic index increased within a margin of error in September. The business expectations have improved slightly, while the consumer expectations have not changed substantially – the GKI Economic Research...

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A big improvement in German business sentiment in September

Business sentiment improved well above the rate expected in September in Germany – according to the survey of the ifo economic research institute. In September, the business sentiment index increased...

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NGM: municipalities mainly applied to modernize their kitchens

Those governments that applied to the children's meals competitions tenders primarily aimed to modernize their kitchens – the Deputy Minister of State for the Ministry of National Economy (NGM) told...

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More efficient NAV inspections

In the future the most important elements in the inspection system of the National Tax and Customs Administration (NAV) are: inspection of targetedly chosen tax payers, checking economic events taking...

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State-owned horticulture company to sell 200,000 grafts

State-owned Hungarian Horticultural Propagation Material Non-profit Kft. (MKSZN) is getting ready to sell about 200,000 grafts in the fruit grafting periods of autumn 2016 and spring 2017. At the moment...

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KSH: retail sales increased by 2.9 percent in July

The retail sales volume in July increased by 2.9 percent according to raw data, and by 4.0 percent calendar effect adjusted compared to the same period last year – the...

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Milk Marketing Board: the price of raw milk is rising

The basic and raw price of the domestic raw milk increased by 2.5 percent in August. The Milk Marketing Board Interprofessional Organization expects a more than 85 HUF per kilogram...

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Increased output in the poultry sector

The output of the poultry sector has increased. In 2015, the sector gave 13.3 percent of total agricultural output – Czerván György Minister of State said on Friday in Devecser....

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EU's Common Agricultural Policy needs to be simplified

After the new EU budget period starting in 2020, the Common Agricultural Policy (CAP) needs to be simplifed and bureaucracy should be reduced – Fazekas Sándor said at a press...

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The Budapest Wholesale Market is celebrating its 25th anniversary

The Budapest Wholesale Market opened its doors in the summer of 1991. The proximity of highways improved access to the market and the thanks to its popularity, since the opening...

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The amount of counterfeit goods seized by the EU authorities increased in 2015

The customs authorities of EU member states seized about five million pieces more counterfeit articles in 2015 than in the previous year – the European Commission said on Friday. According...

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The Nébih seized more than 2.5 tons of food products in Vecsés

The National Food Chain Safety Office (NÉBIH) ordered the destruction of more than 2.5 tons of expired and unlabeled food of unknown origin. Among the destroyed goods, the experts of...

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Improved consumer sentiment in Europe

Consumer sentiment improved as expected both in the euro zone and in the European Union – according to the preliminary September survey of the European Commission’s economic and financial directorate....

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Farmers calculate with a good year

According to the Agricultural Economic Index, commissioned for the first time by Budapest Bank and prepared by GfK Hungária, farmers forecast a positive turn of events this year. The representative...

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Energy audit service

The Hungarian Chamber of Agriculture (NAK) starts an energy audit service for large agri-food businesses (those employing more than 250 people and having annual net sales above EUR 50 million),...

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Wine sector strategy in the pipeline

HNT has prepared the first draft of the wine sector strategy and the text is now in a discussion phase. Many representatives of the sector were consulted during the preparation...

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FM: agriculture is a major contributor to economic growth

The output of agriculture greatly helps the growth of economy this year. The volume of the sector’s gross added value increased by 13.4 percent in the second quarter, contributing to...

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Europe's largest producer of sunflower can be Hungary

Sunflower farmers are expected to harvest 1.8 million tonnes of sunflower, thus Hungary could be the largest European producer of sunflower – the Minister of Agriculture told M1 news channel....

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OECD: global economy remains trapped in low growth

The world economy remains in a “low-growth trap” and weaker conditions in advanced economies will persist into 2017, the Organization for Economic Co-Operation and Development (OECD) warned on Wednesday. In...

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