Market News

The world market price of wheat was pushed down by large stocks in Russia

Between August 4 and September 8, the world market price of wheat was pushed down almost everywhere by the large stocks of wheat in Russia. In Germany, due to a worse-than-expected...

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The operation of a slaughterhouse in Csongrád-Csanád County was suspended

The operation of a slaughterhouse in Csongrád-Csanád county has been suspended due to serious hygiene problems found during an on-site inspection, the National Food Chain Safety Office (Nébih) informed MTI...

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Reborn Hungarian agriculture

Hungarian agriculture is in a moment of rebirth, the most important message of which is that in order to maintain competitiveness, all players in the sector must change, regardless of...

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France and Germany want to ban shrinkflation

Both the French and German government want to ban shrinkflation. They call manufacturers reducing the content of products to camouflage price increases – at the very least – “misleading”. The...

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Aldi to boost expansion with £1.4bn investment as profits triple

Aldi is set to invest £1.4bn over the next two years to fuel its expansion across the UK. It comes as the discounter reported its operating profit had skyrocketed 196% to £178.7m...

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We can expect a weaker than average plum crop this year

According to KSH data, 34.9 thousand tons of plums were harvested from 7 thousand hectares in Hungary in 2022 (33.2 thousand tons were produced in 2021). According to experts, due to...

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Bacardi buys Ilegal to capture premium mezcal market

The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits. Bacardi Limited announced it is now the sole owner of Ilegal Mezcal. Financial terms...

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The level of insurance of companies has decreased

According to the latest series of insurance data published by the MNB, domestic insurance companies handled 186,800 corporate property insurance policies by the end of the first half of the...

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Conscious eating should start in childhood

Strengthening short supply chains is also a priority in public catering, said Dr.Márton Nobilis, State Secretary of the Ministry of Agriculture responsible for food industry and trade policy, at the...

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Apple Vision Pro will appear not only in the living room, but also in industrial halls

Apple Vision Pro was introduced almost four months ago, and so far there is no new news about the development beyond the parameters known at that time. There has already...

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The government is extending the mandatory promotion until the end of December

The cabinet first postponed this deadline until June 30, then until September 30, and with its current decision until December 31. In addition, the price of the previously price-stopped product...

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The European Commission limits added microplastics

On Monday, the European Commission adopted stricter measures aimed at limiting microplastics intentionally added to products as part of the European Union’s chemical regulation, the Brussels body announced. According to...

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Smart device payments are booming, with more than 5,500 transactions per hour

Payments with smart devices continue to show very vigorous growth at K&H. In the first eight months of this year, the financial institution’s customers processed an average of more than...

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Food preservation in the depths of the Mariana Trench?

The high hydrostatic pressure treatment (High Hydrostatic Pressure: HHP), as the process is called, is classified as a non-thermal preservation process, which attracted the interest of some researchers at the...

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We can expect a steep price increase for oranges and orange juice

A drastic increase in the price of oranges and orange juice should be expected, as severe hurricanes and diseases have damaged plantations in the world’s two largest orange producers, the...

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A significant number of employees support the home office, yet their opportunities for this are narrowing

In Hungary, six out of ten employees do not have the opportunity to work from home at all – some of them do not have the opportunity to do so...

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Hungarian pears are already ripening, they are harvested by the end of October

The pear season is in full swing, one of autumn’s favorite fruits is picked on domestic plantations until the end of October. In our country, pears are grown on nearly 2,000...

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Hungarian agricultural professional organizations are asking the EU to limit grain imports from Ukraine again

At the farmers’ demonstration in Záhony organized by the Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives (Magosz) and the National Chamber of Agriculture (NAK), it was announced that Magosz...

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It is important to strengthen Italian-Hungarian agricultural relations

Italy plays an important role in the Hungarian food industry in many areas, both in the field of food import and export, and in the field of hospitality, said Dr. Márton...

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EU Court of Auditors: the wine sector’s EU policy falls short of environmental protection and competitiveness objectives

The impact of the planned EU measures on grape growers is worrisome, the EU policy of the wine sector not only falls short of environmental protection objectives, but its measures...

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France’s Carrefour to buy 47 stores in Spain

Carrefour  has reached an agreement with El Corte Inglés to buy 47 stores under the SuperCor banner in Spain, for an enterprise value of 60 million euros ($64.4 million), the...

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EU Commissioner: the EU is increasing the capacity of solidarity routes enabling the transport of Ukrainian grain

Through the cooperation established between Ukraine, Moldova and Romania, the European Union increases the capacity of the solidarity corridors enabling the transport of Ukrainian grain and encourages investments in the...

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Unilever Revives Attempt To Sell Some Non-Core Brands

Consumer goods giant Unilever is reviving efforts to sell some of its non-core beauty and personal care brands, including Q-Tips and Impulse. Unilever has hired investment banks Morgan Stanley and...

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Shopping on Saturday loses momentum in Germany

Saturday remains the number one shopping day for German consumers, but this is declining. Only 18 percent still prefer to go shopping on this day (2022: 24 percent). This is...

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Current and frequent questions are answered in eGN’s new, modified filling guide

Taking farmers’ needs into account, Nébih has updated the instructions for filling out the electronic farming diary based on the most common questions, and also expanded the collection of frequently...

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Visa: 10-ből 7 magyar szerint egyszerűbb bankkártyával adományozni

A Siketek Világnapja alkalmából a Visa (NYSE: V) elindítja Magyarországon “Az érintés ereje mindannyiunké” kampányát, amely a Siketek és Nagyothallók Országos Szövetségének (SINOSZ) támogatására irányul a bankkártyás adományozást ösztönözve. Az...

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In September, the economic index of the GKI decreased slightly

With the arrival of autumn, the population and businesses also became a little grumpier. According to a survey conducted by the GKI Gazdaságkutató – with the support of the EU...

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The number of retail stores in the Hungarian market has decreased both in the short and long term

The number of Hungarian retail stores shows a significant decrease in both the short and long term. In grocery stores, which primarily sell food, there was a decrease of more...

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Even VAT revenues are not increasing due to high inflation

The current state of the Hungarian budget can be considered precarious based on events in August. Several key factors are contributing to this situation: Decrease in VAT Revenue: In August,...

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HelloPay’s tipping practice is fine according to GVH

The Economic Competition Authority (GVH) has completed the investigation against the operator of HelloPay payment terminals. The original investigation was launched in November 2022 because HelloPay was suspected of engaging...

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