Market News
Coca-Cola and Bacardi partner on ready-to-drink cocktail
The premixed beverage will be sold in several markets worldwide in 2025, with the initial launch planned for Mexico and select European markets. Coca-Cola and Bacardi plan to launch a...
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The export price of raw milk was 19 percent higher than the average producer price
According to AKI PÁIR data, the national average producer price of raw milk in Hungary was HUF 166.73/kilogram in August 2024. In addition to a 0.04 percentage point improvement in...
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Amazon’s AI-powered shopping assistant Rufus arrives in the UK
Amazon has launched its AI-powered shopping assistant in the UK after rolling out the feature in the US earlier this year. The new chatbot Rufus, which is initially being launched...
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Agrometeorology: sunny, dry weather helps early autumn work
Sunny, dry weather helps agricultural work in early autumn – read the agrometeorological analysis of HungaroMet Zrt. on Thursday. Cyclone Boris brought significant precipitation and cooling to the area of...
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Transformation of alcohol consumption habits: alcohol-free drinks and premium products are making progress
Alcohol consumption is undergoing significant change worldwide, especially among younger generations. A growing number of people are opting for non-alcoholic beverages due to conscious lifestyles and concerns about social media,...
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AI in the FMCG sector: companies need to act now!
At Trade magazin’s Innovation Day conference editor-in-chief Zsuzsanna Hermann interviewed Dr György Tilesch, a global AI expert based in California and founding president of the PHI Institute for Augmented Intelligence....
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Opinions are now open on the call for support for ecological farming
Agricultural subsidies co-financed by the European Union within the framework of the new Common Agricultural Policy Strategy Plan (KAP ST) provide greater benefits than ever before to those producers who...
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Vegetable prices have risen drastically due to the drought, and dairy products are also expected to rise in price
As a result of the extreme weather, the drought significantly reduced the vegetable harvest, which led to a drastic price increase in the markets. The biggest price increase can be...
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Inclusive and fair workplaces can apply for the prestigious HBLF award
Twenty years ago, the European Diversity Charter initiative was launched, which aims to support the spread of an inclusive, diverse and fair workplace culture. In Hungary, the Hungarian Business Leaders...
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Nestlé, Mars Wrigley and Ferrero support the EU deforestation regulation
From 30 December the EU’s deforestation regulation requires companies selling cocoa, coffee, palm oil and other products in the EU to prove that their supply chains aren’t contributing to deforestation....
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The number of bank card payments is soaring, the use of cash is decreasing in Hungary
In the past year, the number of merchants accepting bank card payments increased significantly in Hungary, while the proportion of cash withdrawals continued to decrease, according to recent data from...
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Beyond Meat’s latest product doesn’t intend to imitate meat
Beyond Meat has unveiled its latest product, Sun Sausage, which doesn’t want to imitate beef, pork or poultry. This article is available for reading in Trade magazin 2024/8-9 The company...
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NGM: the rules for the employment of guest workers may be further tightened
In order to protect Hungarian workers and their families as strongly as possible, the rules for the employment of guest workers may be further tightened. The social consultation of the...
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Switching to new packaging for carbon footprint reduction
Pharmaceutical product packaging accounts for a large part of the Scope 3 emissions of manufacturers. According to Metsä Board studies, fresh fibre paperboard can notably reduce the carbon footprint of...
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Ricola to take over Hero Group production plant
The cough drops maker said it plans to create up to 40 jobs in Lenzburg. Herbal sweets maker Ricola Group has acquired a production plant in Switzerland from Hero Group....
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7-Eleven Philippines teams up with Pokémon for merch and in-store experience
7-Eleven Philippines has partnered with Japanese gaming and character franchise Pokémon to introduce special merchandise and themed stores, aiming to build a sense of community among its customers. Pokémon –...
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DIA To Invest €200m In Meat From Spanish Suppliers In 2024
DIA will purchase meat worth €200 million from Spanish suppliers in 2024 as part of its commitment to focus on regional livestock. The initiative is part of DIA’s commitment to...
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Aldi Suisse cuts back on non-food
Aldi in Switzerland introduces major adaptations to its store layout. The discounter reduces the floor area of non-food promotions due to falling demand. In return, Aldi allocates more space for...
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Arabica coffee in the shadow of climate change – the future of production is in dange
Arabica coffee is the world’s second most valuable commodity after oil, and more than 120 million people depend on its cultivation for their livelihoods. Global demand is growing every year,...
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The situation of game meat in Hungary: it is healthy, but we hardly eat it
Game meat is a rarity in everyday meals in Hungary, even though the country’s annual turnover is close to 800 tons. Despite this, the Hungarian population consumes only 30-40 dekagrams...
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AM: two hundred billion forints are available for agricultural and food industry developments
From September 17, businesses can apply for two new calls worth a total of 200 billion forints: 150 billion forints are available for supporting the complex development of processing plants,...
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Price sensitivity of vegetable consumption: new trends among Hungarian consumers
In the midst of the inflationary crisis, Hungarian customers pay more and more attention to the price and quantity of vegetables and fruits, which is why promotions continue to play...
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The war situation in Ukraine affects the food supply of the entire Earth
Almost 140,000 square kilometers of land have been demined in Ukraine, which is larger than the whole of Great Britain. The elimination of minefields not only hinders the reconstruction of...
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Closer to zero: sustainability best practices at Tesco
Climate change is one of the biggest challenges our planet is facing and one of the most important problems for Tesco to solve. Tesco is already taking steps to reduce...
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Brexit – Study: British trade with the EU fell sharply
The value of bilateral trade between the European Union and Great Britain has fallen sharply since the termination of British EU membership (Brexit), according to a comprehensive study presented on...
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AI is already knocking on the kitchen door
The new generation of Samsung household appliances can redefine the concept of kitchen with the help of AI. This article is available for reading in Trade magazin 2024/8-9 Thanks to...
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EU regulation on artificial intelligence published in July
On 12 July the EU’s AI Act was published, which is the world’s first truly comprehensive, sector-neutral legislation on artificial intelligence technology. This article is available for reading in Trade...
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SME development: the corporate use of artificial intelligence must be encouraged
The government’s priority goal is to improve the competitiveness of domestic SMEs, and for this the corporate use of artificial intelligence (AI) must be encouraged – said the Minister of...
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Rice may become more expensive
The Government of India has considered easing export restrictions on non-basmati rice and other agricultural products to ease the plight of distressed producers and traders. The country’s economy relies heavily...
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Dimensional change in banking: AI-based banks are coming
The next major transformation of the banking sector can be brought about by generative and agentic artificial intelligence (AI) technologies, emphasized Éva Hegedüs, President and CEO of Gránit Bank, at...
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