Market News
A severe decline in the business performance of large DIY stores in 2023
In 2023, major hardware store chains in Hungary faced significant financial challenges, marked by substantial declines in profits and revenue across the industry. Obi reported the least severe decline, with...
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In the first quarter, the number of pigs slaughtered in slaughterhouses increased
1,160,000 pigs were slaughtered at Hungarian slaughterhouses in the first quarter of 2024, 6.2 percent more (+67,000 pigs) than in January-March 2023. The total live weight of slaughtered animals was...
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Information about changes in direct area-based subsidies during the year
The Ministry of Agriculture informs agricultural producers and the relevant contributors that several regulations affecting the direct support entitlements of the Common Agricultural Policy are already changing favorably for producers...
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An efficient, innovative and competitive dairy industry is needed
The time has come to develop the domestic dairy industry, we need investments that improve efficiency and increase the competitiveness of the sector’s players. The goal is to regain the domestic...
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Tesco tattoos avocados to reduce environmental impact
Tesco is replacing the stickers on its extra-large avocados with barcodes drawn on by lasers in a bid to limits its environmental impact. The trial with the UK’s main avocado...
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Significant Hungarian involvement in international advertising self-regulation
The European Association of Self-Regulatory Organizations (EASA) has elected a new presidency. They elected an Irish president, Orla Towney, head of the Irish advertising self-regulatory organization (ASAI). ÖRT general secretary...
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Business sentiment in German retail improved slightly in May
In May, the German retail industry business sentiment index of the ifo economic research institute of the University of Munich improved somewhat. Based on the results published on the website...
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This year, student workers can expect a gross hourly wage of 1,500-2,500
Only a few more weeks and the summer vacation is here, which for thousands of students would mean cloudless freedom and study-free weekdays. But there are people who want to...
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Registration for this year’s Summer Student Work Program has begun
Since 2013, the government has been announcing the Summer Student Work Program with unbroken success, for which eligible persons can apply for a HUF 3.8 billion budget this year –...
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Composts and peat moss sold the most
Among the observed yield-enhancing categories, producers purchased the largest quantities of various composts and peat. This accounted for three quarters of the total sales examined. In second place, based on...
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Price Difference Between Organic And Conventional Food Narrows, Study Finds
The price difference between organic and conventional food items has reduced from 63% to 48% over the past five years in the Netherlands, according to a new survey by the...
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Hungarian milk production has reached the forefront of Europe
Domestic milk production reached the forefront of Europe by renewing the technological background;based on sales and employment, the dairy industry is one of the largest and increasingly important sectors of...
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Valio planning to invest €60m in Finland cheese facility
Valio said, the investment is intended to replace the current manufacturing apparatus, which has reached the end of its technical service life. Finnish food major Valio has announced plans to...
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The gross production value of the bread and fresh bakery sector increased the most in 2023
44 percent of the enterprises designated for data collection complied with their obligation to provide data. At the time of data collection, these food industry enterprises indicated the achievement of...
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Hungarian meat industry companies performed quite well
According to the summary of the Agrárszektor, the results of Hungarian meat industry companies in 2023 showed significant differences. Some larger companies, such as Kometa 99 Zrt. and Pick Szeged,...
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Bread may become even more expensive
The Hungarian government’s plans to expand the manufacturing industry are only on the drawing board, while the bread business, which is the link between agriculture, its retail trade and the...
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Tej Terméktanács once again celebrates World Milk Day with a nationwide prize draw
Due to the versatility and nutritious properties of dairy products, we have been celebrating World Milk Day every year for 49 years*. The celebration of milk and dairy products cannot...
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The volume of exports of food, beverages and tobacco was 6.7 percent higher, and the volume of imports was 13 percent lower than a year earlier
In March 2024, the volume of exports was 10 percent lower than the same period of the previous year, and the volume of imports was 15 percent lower. The asset...
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Sales prices in the food industry were 5.9 percent lower than last April
In April of this year, industrial producer prices were on average 2.0 percent lower compared to a year earlier. Domestic sales prices fell by 5.0 percent, export sales by 0.4...
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Economic sentiment improved in the EU and the euro area in May
The economic sentiment index in the euro area and the European Union improved in May, according to the survey presented on Thursday by the European Commission’s Directorate General for Economic...
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Companies are waiting for innovations
Due to the unfavorable economic outlook and expensive resources, Hungarian companies are holding off on product and service development, preferring to retain their existing clientele, provide better service, and improve...
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Oreo production is back in Ukraine
Mondelez International, the well-known food industry giant, made a significant step forward when it announced that it will restart the production of Oreo cookies in Ukraine. This move comes two...
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Agroinform.hu: the domestic melon season may start weeks earlier this year
Due to the warm spring period, it is expected that the domestic watermelon season can start already at the beginning of July this year. This year, the producers planted melons in...
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Is melon season here yet?
Thanks to the favorable spring weather, the domestic watermelon season can start already at the beginning of July this year, bringing the usual date significantly earlier. According to the forecast...
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NGM: trust is unbroken, Moody’s also continues to recommend Hungary for investment
Despite the escalating war situation, confidence in Hungary is unbroken: Moody’s also continues to recommend our country for investment – the Ministry of National Economy (NGM) emphasized in its statement...
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In April, the personal consumption price index stagnated in the United States
In April, the personal consumption expenditures (PCE) price index excluding food and energy prices in the United States, the Fed’s preferred inflation indicator, stagnated at 2.8 percent for the third...
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The Nébih confirmed a bird flu infection in a cat
As in several other countries, the highly pathogenic bird flu virus has been detected in mammals. The National Food Chain Safety Office (Nébih) identified the pathogen in a domestic cat...
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Wolt launches hybrid delivery service
In mid-April Wolt started the Wolt Hybrid Delivery service, which makes it possible for restaurant managers to choose whether to use Wolt’s network of courier partners or their own delivery...
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German retail sales decreased in April on a monthly and annual basis
German retail sales fell more than expected in April month-on-month, and the German Federal Statistical Office, Destatis, registered a decline on an annual basis as well, according to Friday’s report....
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Facilitation of land use change through social consultation
Based on the Strategic Plan of Hungary’s Common Agrarian Policy (KAP), the social consultation of the draft call for tenders entitled “Investments promoting land use change and their maintenance” has...
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