Market News
Foodora To Close Online Supermarkets In Austria
Delivery Hero subsidiary foodora plans to close its online supermarkets in Austria, risking approximately 128 jobs. The closure of foodora markets in Austria will not impact its product offering as...
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During the period of permanent water shortage, it is possible to irrigate without a water law permit
The Ministry of Agriculture supported the initiative of the Association of Hungarian Farmers’ Cooperatives and Farmers’ Cooperatives and the National Chamber of Agriculture, following which the Ministry of the Interior...
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Lidl Ireland Expands GoCar Partnership To 50 Stores
Lidl Ireland has expanded its partnership with car- and van-sharing service GoCar by installing 100 pay-as-you-go vehicles to rent in 50 stores across Ireland. In the past year, more than...
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Arla Foods to launch Milka chocolate milk with Mondelez
Milka chocolate milk will be launched in Germany, Austria and Poland next month. Danish dairy group Arla Foods has struck a licencing deal with US confectionery giant Mondelez International to...
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The domestic cherries are ripening. The popular fruit will soon be available in larger quantities on the markets
The domestic cherry season started earlier than usual, the picking of the early varieties started already in mid-May, but a larger quantity of the popular fruit will be on the...
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ABInBev says the start of the year was encouraging
ABInBev has had a better start to the year than the company expected, with both revenue and profit growing above expectations. ABInBev ended the first quarter with 2.6% higher revenues...
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Germany’s Mix Markt arrives in Serbia
German food chain Mix Markt, which specialises in Eastern European flavours, has opened three stores in Serbia – two in Belgrade and one in Novi Sad. The stores offer a...
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Fidelity International: softer landing is likely
When the fourth quarter of 2023 was approaching, fund manager Fidelity opined the most likely scenario for 2024 was a cyclical recession, with a moderate economic contraction followed by a...
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Record sales by certified organic products in the US in 2023
In the US the certified organic market reached a record USD 69.7bn in sales in 2023, according to the Organic Trade Association (OTA). This article is available for reading in...
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FoodTechShow: investing is a must
On 9-10 April the Hungarian Chamber of Agriculture (NAK) organised its FoodTechShow at Millenáris. More than 60 exhibitors showcased nearly 150 innovative technologies and machinery for the representatives of the...
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Plant-based proteins: a complete source of essential amino acids
A recent study claims that many of the most popular vegan proteins contain all 9 amino acids, namely histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan and valine. This article...
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GKID eTOPLISTA 2023: Unchanged leading position, changing balance of power
Since 2015, GKID has been creating public rankings of online merchants in the Hungarian market, focusing on those with the highest revenues. In collaboration with Mastercard, this year they compiled...
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Reversal instead of filling the digital gap
Digiméter has measured the digitalisation level of Hungarian small and medium-sized enterprises (SMEs). This article is available for reading in Trade magazin 2024/5 The main index score was 40 on...
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Scary amounts of toxic substances have been found in Shein’s children’s products
A recent investigation ordered by the South Korean government has revealed serious security concerns about products sold by Chinese online commerce giants. During the inspections, dangerous levels of toxic substances...
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Global polycrises in logistics: there are many challenges, but adaptation in the sector is constant
During May, the Hungarian Logistics Association (MLE) organized a number of professional events, including several conferences. In the diverse cavalcade of events, the actualities of logistics geopolitics, but also the...
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Tightening ESG regulation and practical challenges: where are we and where are we going?
The ESG (Environmental, Social, and Governance) framework has become a critical element in corporate operations and investment decision-making. At the Portfolio Property X 2024 conference, experts discussed the current status...
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AI Readiness – or how are companies doing with artificial intelligence?
The latest market research by System 32 IT Kft. sought to find out how “MI ready” a business is, i.e. to what extent the given organization is ready to use...
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Farmers must be put at the center of EU agricultural policy
A competitive, crisis-proof, sustainable, farmer-friendly and knowledge-based future EU agricultural policy is needed, said István Nagy, Minister of Agriculture, who met with Cesare Onestini, Director General of Agriculture, Fisheries, Social...
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The cherry harvest is plentiful, but prices remain high
The first weeks of the cherry season paint a positive picture of this year’s production in Hungary. Ferenc Apáti, the president of the FruitVeB Hungarian Fruit and Vegetable Association and...
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There is a problem with the tea, which also affects the price
Sri Lankan tea growers have expressed their displeasure over the government’s announced decision to increase wages by 70%, which they say will exacerbate the country’s financial crisis and threaten the...
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The Romanian government is launching a tractor purchase support program for farmers
The Bucharest government is launching a program to support the purchase of new tractors aimed at renewing Romania’s agricultural machinery fleet, the cabinet adopted a decision on Thursday to set...
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The countryside is the key to the renewal and success of Hungary in the 21st century
As part of its commitment to improving Hungarian agriculture and the quality of life in rural areas, the Hungarian government continues to invest in the modernization of livestock farms. The...
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The spring works came to an end by mid-May
Based on the data of the reports, the spring fodder pea sowing area is 5,000 hectares, a quarter of which is in the Northern Great Plain. The planned area of...
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Haribo To Invest €300m In New Confectionery Factory In Germany
Haribo plans to invest €300 million in a new, state-of-the-art, and sustainable confectionery factory in Neuss, Germany. For the project, Haribo plans to acquire a 14-hectare site on the industrial...
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Thanks to the teachers working in agricultural education
Thanks to the teachers working in agricultural education, who educate, set an example, provide guidance, form an identity and build a community, for which we cannot be grateful enough –...
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Hungarian winner at the Global Awards
A total of 76 entries from 23 countries were sent in for the Shop! Global Awards, the “Oscars” of the POP industry. Winners were announced in 23 categories and “Coca-...
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J.Lo launches RTD Margarita
Actor and singer Jennifer Lopez has added a pre-mixed Margarita to her The House of Delola drinks line. Lopez founded Delola Cocktails in April 2023, alongside Benny Medina, Ken Austin...
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Aldi invests £750m with British apple grower
Aldi has invested £750m in a new 20-year deal with a Kent-based fruit farm, in a move that will see the creation of an “Aldi Orchard”. AC Goatham & Son,...
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Agrometeorology: more showers will ease the drought
The early summer, rainy weather will continue, rainfall exceeding 20-30 millimeters may fall in a large area until the middle of next week, but the regional differences are expected to...
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