Market News

A bush of”golden tea” worth more than gold in China

Next year's entire harvest from a 410-year-old tea tree was bought for 600,000 yuan (92,000 USD) at an auction in Hunan Province on Wednesday. The tree is 4.5 meters high...

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The Mafia has infiltrated the food industry

The Mafia has infiltrated to the Italian agriculture and food industry. the mafia’s last year's revenue from the Italian agriculture and food industry was more than 16 billion euros –...

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Forum for farmers about transporting chemicals and motor fuels

NAK’s Tolna County branch and the Tolna County Directorate for Disaster Management organised a forum for farmers about how to comply with the regulations for the road transportation of chemicals...

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Farmers already got half of the subsidies

This year there is HUF 400 billion worth of EU funding available to enterprises in the agri-food sector, from which HUF 270 billion has already been paid to successful applicants....

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New name for Italian Riesling

Balaton Circle, Csopak Codex and Riesling Generation announced a competition for finding a new name for the Italian Riesling grape variety. Ideas can be sent in until 30 August and...

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Business relations keep strengthening between Hungary and Romania

The Hungarian National Trading House (MNKH) and the Romanian Chamber of Commerce and Industry have organised a business forum in Bucharest, where more than 40 Hungarian and Romanian companies were...

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Magazine: How to advertise online efficiently

Just like in the case of all forms of advertising, the big question about online ads is: How efficient are they? IPG Media Labs, Cadreon and Integral Ad Science prepared...

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Retail sales momentum is back in February

After the halt in January, the momentum in consumption returned in February. The volume of retail sales increased by 6.5 percent, while according to the calendar-adjusted data, a 6.4 percent...

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Nébih: national dairy inspection to start

Zsigó Róbert, Minister of State of the Ministry of Agriculture ordered the nationwide inspection of milk products, in the wake of the milk producers’s Monday demonstration in Budapest – the...

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Analysts expect a growth of around 4-5 percent in retail this year

The retail data in February significantly exceeded the analysts' expectations, according to experts interviewed by MTI. According to experts interviewed by MTI, the turnover growth may accelerate later in the...

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The “free” labeled foods met the standards

Based on the results of this year's consumer protection testings the labeling practices of “free” food products has improved. All of the products tested by the National Consumer Protection Authority...

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A producer organization was established that covers 10 percent of the milk production

A new, producer organization was established that covers 10 percent of the domestic dairy production. Four dairy producer groups formed a “producer organization” that will seek to reach the best...

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The performance of the agricultural sector can be increased by 30 percent

With the maximum utilization of the European Union and domestic resources, the performance of the agricultural sector can be increased by 30 percent. The performance of the agricultural sector last...

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The power plant in Pécs plans to buy two hundred thousand tons of agricultural by-products this year

The Pannonpower that is the operator of the power plant in Pécs plans the acquisition of two hundred thousand tons of agricultural by-products this year – the company belonnging to...

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We are running out of garlic

Experts say that because of the drought 15-20 percent less garlic was produced in Hungary in 2015 than in the previous year. Retail chains monitored by the Agricultural Economics Research...

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Simplified affairs management from MVH

The Agricultural and Rural Development Agency (MVH) has made electronic communication simpler and faster for farmers on its website. Users only have to register once – earlier they had to...

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Russian import ban caused great financial losses

The Russian ban on imports resulted in HUF 1,300 billion worth of loss for the Hungarian economy – informed the Ministry of Foreign Affairs and Trade. Approximately 10 percent of...

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The Milk Interprofessional Organization and Marketing Board supports the demonstrators

The Milk Interprofessional Organization and Marketing Board considers the problems of the demonstrators extremely serious, so – like the government – agrees and support for the dairy farmers. . The...

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The President of the Nébih is waiting for the milk producers' representatives on Monday for conciliation

The President of the National Food Chain Safety Office (NÉBIH) receives the dairy farmers' representatives on the occasion of Monday's demonstration. In addition to receiving the petition Oravecz Márton awaits...

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FM: Saudi Arabia would buy Hungarian cattle and sheep

Hungary can be an important partner of Saudi Arabia with its long breed traditions, high quality dairy and beef cattle and feed production – the Ministry of Agriculture (FM) announced...

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Seed Alliance also joined to the Common Agricultural Marketing Code

The Seed Association Interprofessional Organization and Marketing Board (VSZT) joined to the initiative of the Agricultural Marketing Chief Directorate of the Hungarian National Tourist Office. The organization hopes the expansion...

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Opten: corporate world is consolidated slowly

According to Opten, the forced cancellation processes initiated by the registry courts are running out, the number of terminated corporate enterprises is slowly reducing, the number of newly initiated liquidation...

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FEOSZ: the operation of consumer protection associations is not provided

According to the National Federation of Consumer Associations (FEOSZ) the permanent operation of the civil societies is not provided, rents can not be paid out, so the non-governmental consumer organizations...

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Animal rights activists to protest against South-Chinese dog meat festival

Chinese Animal rights activists are seeking to shut down an annual summer dog meat festival in southern China blamed for blackening the country's international reputation as well as fueling extreme...

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The websites of online shops are still incomplete

The information can be read on the websites of online stores are still not entirely satisfactory, incomplete and misleading – the National Association of Consumer Association’s (FEOSZ) big web test...

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O-I among the founding members of the American-Hungarian Business Council

O-I (Owens-Illinois Inc.), the company operating the Orosháza container glass factory, is one of the founding members the American-Hungarian Business Council. There are 11 members in the council, the goal...

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Magazine: Fighting pests at the highest level

Insecticide and insect repellent sales grew only a little in 2015 if compared with the previous year. The market is rather complex, it can be categorised according to insect types...

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Bittersweet market position improvement in the Netherlands

Hungary’s total agri-food export only grew 1.1 percent in the first three quarters of 2015 but we realised almost 12 times bigger sales growth in the Dutch market. There are...

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Nielsen: we want a pleasant shopping experience when we choose a store

When people generally select among four or five grocery stores the number one aspect is the pleasant purchasing experience. The second most important factor is to find easily and quickly...

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FM: a special attention will be paid to beef producers

The beef cattle farmers receive priority government attention. The supports in the sector expanded significantly in recent years – the Ministry of Agriculture (FM) announced on Friday. The ministry release...

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