Market News

South Békés melon plans go up in smoke

The year was worse than expected for melon producers in South Békés: heavy rains at the end of summer ended the season earlier than usual. This year 40 tons of...

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Sour cherry growers saved

The state decided to give non-refundable subsidy to sour cherry growers for the processing of excess sour cherry and for temporarily holding back sour cherry from the market. HUF 800...

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Preliminary evaluation of the year in agriculture

NAK opines that the rainy summer was good for corn. The chamber called attention to the fact that sunflower is in good condition all over the country but too much...

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Already more than four thousand opinions on land sales

As of 1 May 2014 temporarily NAK’s county presidencies are acting as land committees. Since then they gave their opinion on more than 4,000 sales contracts. In certain counties such...

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NAK supports cutting milk’s VAT

At their last meeting NAK and the Dairy Interprofessional Organisation and Product Council proposed the reduction of VAT on milk from the present 27 percent to below 10 percent. The...

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Increasing prestige of agricultural higher education

Balázs Győrffy, the president of the Hungarian Chamber of Agriculture (NAK) told at a Budapest trade meeting that in the future agricultural higher education would be better adapted to the...

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AKG to restart in two years time

Officials announced at an agricultural forum organised by the Prime Minister’s Office in Bátaszék that HUF 450 billion would be available for investments and HUF 188 billion for environmental protection...

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‘Shopping needs to be fun’

Grocery retail in Austria is much more concentrated than in Hungary: in Hungary there are 18,700 grocery stores for 10 million people, while in Austria 5,600 stores serve 8.5 million...

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MNKH and VOSZ KMRSZ sign agreement

The Hungarian National Trading House Zrt. (MNKH) and the National Association of Entrepreneurs and Employers’ (VOSZ KMRSZ) Central Hungary Section signed a cooperation agreement. Supporting Hungarian SMEs in uncovering new...

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Green light given to Hungarian meat in the New World

According to the Ministry of Agriculture, after on-site inspections carried out by the USDA Food Safety and Inspection Service in Hungary, more Hungarian meat products have been given the green...

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Hungary-Macedonia business relations improve further

On 2 September the Hungarian National Trading House Zrt. (MNKH). organised a business forum where participants had the chance to conduct negotiations with members of Macedonia’s government. Macedonia is one...

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Brazil is our main market in Latin America

So far the Americas haven’t been important markets for Hungarian produce. About 83-84 percent of our agri-food export goes to the European Union. However, it is our basic interest to...

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FMCG commercials reached more viewers in the first six months

According to data from Nielsen Audience Measurement Kft., in the first half of 2014 commercials for groceries, household chemicals and cosmetics had a 2 percent higher Gross Rating Point (GRP)...

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What makes a breakthrough innovation?

Nielsen’s ‘Breakthrough Innovations’ report analysed retail sales of 61,000 SKUs of 12,000 new products launched in Europe since 2011. One of the things Nielsen’s experts found was that from two...

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Retail volume sales kept growing in July

Retail volume sales are estimated to have increased by 2.3 percent in July 2014 in comparison with July 2013. Food and food-type retail sales were up 1.6 percent, non-food sales...

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Industrial production prices continued growing

In July 2014 domestic industrial sales prices rose 0.2 percent on average from the previous month. Prices in the processing industries augmented by 0.7 percent. There was no change in...

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Further drop in agricultural production prices

In July 2014 production prices reduced by 5.1 percent in agriculture if compared with July 2013. The price of vegetable products was down 8.4 percent but the price of livestock...

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Autumn arrived in tobacco retail too

The summer months weren’t bad at all in tobacco retail if we look at value sales. Although Trafik.hu partners’ sales data suggest a 2-3 percent drop in August, HUF 45-50...

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Opinion Leaders in focus – letting average consumers go

According to Everett Rogers, the originator of the diffusion of innovations theory, adopters of any new innovation or idea can be categorised as innovators (2.5 percent), early adopters (13.5 percent),...

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Magyar Nemzeti Kereskedőház Zrt. enters the market of eating apples and apple concentrates

The Magyar Nemzeti Kereskedőház Zrt. (Hungarian National Trading House)was established in 2013 with the goal to coordinate the domestic export activities – mainly in the small and medium enterprise sector,...

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Tokaj Kereskedőház Zrt. increases the tariff for the quality of the grape

The Tokaj Kereskedőház Zrt. intends to encourage the producers to sort and deliver good quality grapes with a 50-60 HUF prices increase. The wet weather of the recent months at...

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Throw less food into the trash!

A lot accumulated surplus food ends in the trasher all around the world, including Hungary. The millions of tons of high-quality food could reduce the number of hungry people. In...

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An EXIM representation was opened in Nagykanizsa

EXIM’s West Transdanubian representation, supervised by the Ministry of Foreign Affairs and Foreign Trade was opened in Nagykanizsa. In accordance with the Hungarian government’s export promotion strategy, the goal is...

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Hungarian SMEs in talks about business opportunities in Kazakhstan

About 60 Hungarian businesses participated in the Kazakh-Hungarian businessmen’s forum organised by Hungarian National Trading House Zrt. (MNKH). A 17-person delegation came from South Kazakhstan looking for business partners in...

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Corporate trust is on pre-crisis level again

The confidence of the world’s corporate leaders is on pre-crisis again: 40 percent of the companies are planning acquisitions and the value of corporate acquisitions and sales (M&A) can reach...

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Hungarians do not like to pay with card abroad

In the first half of this year, Hungarian visitors used their banking cards abroad only 5.57 million times in the, which is almost a fifth less than in 2013 –...

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The Future of Our Region program was launched in Kaposvár

The Rural Development Programme 2014-2020 aims to implement a new rural development policy. The central elements of the programme is to stop the rural exodus, to create conditions that are...

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MNB: more than 400 billions of contracting in the second phase of the loan growth program

The credit institutions that are participating in the second phase of the loan growth program concluded contracts with enterprises in an amount of 402.7 billion HUF. According to the datas,...

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Cofidis: Hungary performs better

The customers are the most satisfied with the Cofidis services in Hungary – according to the company's international prospecting carried out on more than 11,000 respondents. The respondents said that...

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The price of milling wheat increased in September, but it was cheaper than the average price of corn

The Magro Grain Index (MGX), decreased by 2 percent in September, compared to the previous month standing on 9978.4 points on the Magro.hu agricultural marketplace. Although the price of milling...

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