Market News
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...
Read moreCatastrophic 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...
Read moreThe 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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The market-leading cash register distributor suggests online taxi meters and more credit card payments
The Micra-Metripond Kft. introduced the first domestic online portable cash register at the conference held on the ocassion of the company’s 25th anniversary in Siófok. The market-leading cash register distributor...
Read moreRomania can export live pigs again from October
After thirteen years of embargo, Romania can export live pigs and processed meat goods again from October to the European Union – Achim Irimescu Romanian agriculture minister announced on Thursday....
Read moreK&H: less SMEs plan to invest
Less than half of small and medium-sized enterprises (SMEs), 44 percent of them are planning some investments over the next year, which is 12 percentage points decline, compared to the...
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Drought-tolerant plants are more and more important
The drought is one of the worst consequence of climate change, which could adversely affect the crop as well. The key objective of plant breeders is the creation of varieties...
Read moreUsing the electronic cigarette helps smokers kick the habit
E-cigarettes 'help more smokers to quit. The rise in popularity of e-cigarettes in the UK may have resulted in more successful attempts to quit smoking, according to UK researchers –...
Read moreConsumers protection: more than third of the lighters tested were not safe
Among the 26 types of lighters checked by the National Consumer Protection Authority (NFH) 8 were not safe. According to the commuinication of the National Consumer Protection Authority (NFH) published...
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Rural development: 900 billion forints are already available
From the HUF 1,350-billion budget of the rural development programme that started last year, farmers can already apply for funding from HUF 900 billion. The agricultural and rural development strategy...
Read moreThe Chamber of Agriculture calls for a reduction in contributions in the food industry
According to the National Chamber of Agriculture (NAK) the reduction of contributions in agriculture should be extended to other trade sectors such as the food industry. Győrffy Balázs, the president...
Read moreEquilor: the growth of the Hungarian economy may fall short of the government's ambition
According to Equilor’s analysts, this year's growth of the Hungarian economy may fall short of the government's ambition, and is expected to be 2 percent – Szántó András, director of...
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The best beer nuts of 2016 were announced
The Association of Brewers chose Hungary’s best beer nuts for the first time in the lager, wheat and in dark beer categories. Among the 49 applications a five-member jury chose...
Read moreFM: a producers’ cooperation can help the farmers
Fazekas Sándor, Minister of Agriculture urged the eradicating of abusive, unfair trade practices at the meeting of the EU agricultural ministers in Pozsony on Tuesday. According to the communication of...
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The Russian food embargo will be extended to salt as well
From 1 November, the Russian government will extend the food embargo on salt against those countries which imposed sanctions against Russia, due to interference in Ukraine. The decree on the...
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Employment data broke a record in the EU and in the eurozone
The number of employees reached a historical record in the European Union, while in the eurozone it was on an eight-year peak in this year's second quarter. According to the...
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Nielsen: The retail sales of cosmetics and household chemicals increased in value, decreased in amount
The retail sales of cosmetics and household chemicals reached 186 billion HUF in the first half of this year, 5 percent more than in January-June last year. In volume 2...
Read moreAnalysts: the decline in exports is temporary
According to analysts interviewed by MTI the decline in June exports is temporary, there is a significant annual increase in the trade surplus. The experts noted that the country's external...
Read moreThe NAK helps to prepare the Producers’ Honey Campaign
The National Agricultural Chamber (NAK) is taking part in the marketing campaign of the Hungarian National Beekeeping Association (OMME) that aims to promote Hungarian honey. The Hungarian National Beekeeping Association...
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NGM: the tax authority will carry out the software updating of the online cash registers
The National Tax and Customs Administration (NAV) will carry out the software updating of the online cash registers. The operators should not have and will not have any obligation and...
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Domestic companies expect more revenue from exports
Domestic companies are calculating modest financial results, compared to the beginning of the year. The sector expects an average of 2.4 percent in revenues and a 1.4 percent profit growth...
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Nébih: a record number of tourists bought fishing ticket this year
The popularity of the state fishing ticket is unbroken: 6470 people bought the special 90-day fishing ticket of the National Food Chain Safety Office (Nébih) by the end of August,...
Read moreWork on national pálinka strategy likely to start this year
Work on a new national pálinka strategy will start already this year – announced the Ministry of Agriculture. The ministry will develop the pálinka strategy in cooperation with the National...
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