Market News
A decrease in the economic performance of the euro area
A less than expected decrease occured in the economic performance of the euro area, but the preliminary data of the Purchasing Managers Index (PMI) is standing in July on its...
Read moreLaws amended in favour of the agri-food sector
Recently the Hungarian parliament modified several laws in a way that the agri-food sector benefits from the changes. For instance upon the proposal of NAK and the Association of Hungarian...
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Consultation on food industry grants in Csorna
In the summer two grant programmes will be announced which are open to medium-sized and large food industry companies as well. At the end of June NAK and the representatives...
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Dairy Product Board: the EU support saves the milk producers
The EU support of 3 billion HUF (9.5 million euros) aid package is a significant help to the Hungarian dairy farmers – according to the Chairman of the Dairy Interprofessional...
Read moreFM: compensation fund should be enough to treat the damages of this year
By next March, 24 billion HUF will be available in the compensation fund, which is likely to be enough to treat this year’s damages – the Ministry of Agriculture (FM)...
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The Nébih impose fines due to marking errors detected in salad mixes
The National Food Chain Safety Office (Nébih) tested pre-packed salad mixtures and their major components. During the examination the professionals found tagging errors in case of 10 pre-packed salad mixtures....
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Roundtable discussion at the Free University about the agriculture trade opportunities
The improvement of foreign trade results in agriculture can be expected from the growth of highly processed products – the speakers of the roundtable discussion emphasized. The roundtable discussion was...
Read moreThe farmers in Romania are encouraged to form cooperaties
Romanian President Klaus Iohannis published the law amendment on Thursday – the Romanian president's office announced. The Romanian Parliament adopted the amendment of the 2004/566 law at the end of...
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Milling and baking industry meeting in Hajdúnánás
On 8 June NAK’s regional office in Hajdú-Bihar County organised a meeting for the representatives of the milling and baking industry at Hajdú Gabona Zrt.’s mill in Hajdúnánás. The two...
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AK amends statutes
In order to make the administrative burden smaller, the Hungarian Chamber of Agriculture (NAK) decided to amend its statutes. Primary producers who sell their produce for less than HUF 600,000...
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The Czechs are among Europe’s most optimistic consumers
In the Czech Republic the consumer confidence index is one of the highest in Europe. In Q1 2016 the Germans, the Brits and the Czechs were all at 97 points...
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Magazine: BREXIT: What comes next?
In a referendum held on 23 June 2016, 51.89 percent of British voters said yes to the United Kingdom leaving the European Union. In the short term this decision is...
Read moreVHT: increasing buying prices in the pig sector
After the low point early this year, the purchase prices are growing, and so market conditions in the pig sector are rearranged – the Secretary of the Livestock and Meat...
Read moreAnalysts: household consumption will be the engine of economic growth
Household consumption will be the driving force of economic growth – analysts interviewed by MTI evaluated the data of the Central Statistical Office (KSH). According to the data of the...
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Domestic watermelon promotion program starts
The National Agricultural Chamber and the Agricultural Marketing Centre Nonprofit Ltd. launches a promotion program to popularize Hungarian melon. The program is launched with the co-operation of six chain of...
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KSH: gross earnings grew 6 percent in May
In May gross earnings increased by 6.0 percent. Net average earnings increased with a higher extent, due to the changes in personal income tax, by 7.6 percent, compared with a...
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Women employment rate is increasing in Hungary
The rate of female employment in Hungary is increasing, it is slowly reaching the European Union’s average as well – the Minister of State of the Ministry of Human Resources...
Read moreFAO Report: dry areas of the Earth should be handled with special attention
Special attention should be paid to the dry areas of the world, because climate change will further strengthen the negative effects of droughts, desertification and land degradation – the report...
Read moreA decrease in Hungary’s living cattle imports
The chain of stores in Hungary support the market access of the Hungarian producers, but in many cases they are forced to import foreign products, if domestic supply capacities are...
Read moreOne hundred and ten thousand boxes of smuggled cigarettes were found in a Bulgarian truck
The finance guards found one hundred and ten thousand untaxed cigarettes in a Bulgarian truck hidden among watermelons on the M43 motorway – the National Tax and Customs Office (NAV)...
Read moreBrexit slows the growth of the world economy
The International Monetary Fund (IMF) expects a slower growth in the world economy, because the Brexit will have an impact not only in the UK but in the developed European...
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The hotel association expects a stronger summer season than last year
The Hungarian Hotel and Restaurant Association (MSZÉSZ) expects a stronger summer season than last year. In the first five months of the year, both the total gross sales both overnight...
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Agrárium 2016: agricultural registry
Farmers could fill out the Agrárium online questionnaire until 29 May and those who failed to do this will have to answer the questions of registry officers between 1 June...
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OTP plans to increase share in the financing of agriculture
Instead of the present 16-17 percent, OTP Bank plans to increase its share to 20 percent in the financing of agriculture by 2020. The bank prefers the crop farming segment...
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Magazine: SMART conference 2016: an abundance of innovations
Budapest was the host of the international SMART conference, where new technology startups and technological solutions had the chance to introduce themselves. Endless and the Hungarian Association of IT Companies...
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Magazine: Polish puzzle waiting to be solved
From time to time the news spreads that Polish produce (apple, potato, etc.) is dumped on international markets, causing price reduction and driving Hungarian produce out of these markets. It...
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The Hungarian dairy sector receives three billion HUF support from the EU
The European Union on Monday decided on the new support package of 500 billion euros for the milk sector. Hungary will be given 2.7 percent (9.5 million euros) of the...
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Food trade’s TV spots reached the highest number of viewers in June among the product categories
The longest average daily TV watching time was measured within the age group over 60, while the the 18-29 age group watched the TV the least. On list price, advertising...
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FM: melon-growing area increased significantly
The National Watermelon Program (launched in 2011) is very effective. The melon-growing area of Hungary, has increased significantly since then, now it is around about 6 thousand hectares – Nagy...
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The supermarket chains buy melons from Hungarian suppliers
Tesco buys exclusively watermelons from Hungarian suppliers from 18 July again. The Auchan follows the example as well as Lidl, Aldi, the CBA, the Metro and Spar will only sell...
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