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The price of coffee continues to rise
Brazil is the main producer of arabica, which accounts for roughly 70 percent of the world’s coffee production. Due to the drought affecting the country and transportation difficulties, we can...
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The economy may suffer nearly three times the originally planned average annual rate of monetary deterioration of 5%
Inflation in Hungary exceeds all previous expectations. After the publication of the latest July inflation data, analysts revised their inflation expectations upward, and it is possible that the Hungarian economy...
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Heatwaves Force Early Spanish Wine Harvests, Nighttime Picking
Forced to start harvesting a few weeks earlier in the season due to brutal summer temperatures and drought influenced by climate change, some Spanish vineyards such as this family business outside Madrid...
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Sainsbury’s is investing £60m in keeping food and grocery prices low
Sainsbury’s is investing £60m in keeping food and grocery prices low this autumn as part of its biggest ever ‘September price blitz’. The investment will help customers feeling the pressure of...
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KSH: For now, investments have increased, but that will change soon
Investments increased in the second quarter of this year based on the latest data from the KSH, both the corporate and budgetary spheres contributed to the expansion, but the driving...
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The number of champagne wineries in Hungary has tripled
The number of wineries producing champagne has tripled in 5 years and last year it already exceeded 120 wineries, thanks to the growing consumer demand for special, high-quality champagnes and...
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Can Hungarian customers say goodbye to their favorite chips flavors? Several domestic store chains made the announcement
Many product manufacturers have been forced to change their food ingredients since the outbreak of the war in Ukraine. Due to the shortage and rising prices of raw materials, it...
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Profession.hu: Multi-channel recruitment can be a solution to turnover
Employers are still affected by being withdrawn from recruitment during the epidemic situation. Hiring, which was held back in many places at the time, has resulted in an ever-higher number...
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From now on, vegan KITKAT will also be available as a permanent product
The completely plant-based KITKAT V was released last year, with the introduction of which the manufacturer fulfilled an old consumer wish. Based on the extremely positive feedback, Nestlé will include...
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Euro Zone Inflation Hits Yet Another Record High In August
Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the turn...
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Nestlé To Launch Vegan KitKat Across Europe After Successful Pilot
Nestlé has announced that it plans to roll out the vegan version of KitKat across Europe following a successful pilot in the UK and some other countries. KitKat V will be sold in 15 countries...
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By the end of the year, poultry meat may become at least two times more expensive
László Bárány, owner of the Master Good company group, told Index that a price increase of at least 30-35 percent is expected for poultry products in the next four months....
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UK: Aldi and Lidl Predicted to Overtake Tesco by 2027
Former Lidl UK boss Ronny Gottschlich has predicted that German retailers Aldi and Lidl will overtake Tesco – currently the UK’s largest supermarket – within the next five years. Gottschlich,...
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A never-before-seen wage increase is possible for SMEs
In line with the increase in inflation, SMEs are preparing for an unprecedented wage increase of 11 percent, according to the second quarter results of the K&H SME Confidence Index...
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Downsizing in the stores: many favorite products can be found in smaller sizes only
Along with the inflation, the shrinking inflation in the Hungarian stores also picked up, few products can escape the downsizing, which is considered a typical crisis phenomenon, and we also...
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Tranzit Group CEO: A painful period awaits us, we need to get prepared
Uncertainty is a significant factor, but one thing is certain: the coming period will be painful for both producers and consumers – Ákos Szabó, CEO of the Tranzit Group, told...
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The drought killed all the crops
Where they didn’t irrigate, the entire crop grew, and where they did, much lower quality, smaller and more withered fruit was produced. The apple crop has never been as bad...
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Funghi is the new meat?
Scientists have developed a technique to cultivate a fungi-based food product that could serve as a healthier, high-quality tasting, and greener alternative to plant-based protein. The protein is cultivated from...
Read moreCan Retailers Live Up to Their Soy Commitments Related to Decrease of Deforestation?
Soy is one of the most prevalent plant-based proteins in the world, often hailed for its health benefits and for contributing to the ecologically sustainable benefits of a plant-based diet....
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Ivy Farm unveils Europa’s biggest cultivated meat pilot production facility
Ivy Farm announces just now the official opening of a state-of-the-art cultivated meat pilot production plant in Oxford, UK. The 18,000 square foot facility has production capabilities of 2.8 tonnes of cultivated...
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MLSZKSZ: they cannot keep the annual service fees in the logistics sector
Logistics service providers are no longer able to extract the costs of the multiplying price of energy, the soaring inflation, and the wages that are increasing from month to month....
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K&H: this is how domestic companies are handling the new crisis
After 2008 and 2020, this year is another milestone for companies. Although for the time being, there is not as strong a decline as two years ago, there is a...
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ESET’s analysis warns about the safe use of online marketplaces due to the spread of fraud
While the number of sellers and buyers on online marketplaces is constantly increasing, the number of fraudsters on these platforms is also increasing: for example, every sixth user of Facebook...
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Dairy demand globally firms up as product prices rallied to elevated levels
Due to the strengthening of underlying milk commodity prices, industry’s leading dairy companies exhibited higher turnover growth and strategic activities, hailed as more significant than in recent years. This is...
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Dry pet food has increased by 30-50 percent and reward snacks by 100 percent since January
If you have a pet, you know well that the monthly costs can be very high, depending on what kind of pet you own. Dogs and cats are the most...
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There are also problems with the sugar crop due to the drought
Sugar producer Nordzucker expects group harvest to be below last year’s level due to the drought across large parts of Europe. The group will commence processing sugar beet on 3 September....
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Traditional markets have a rival: many people buy vegetables and fruits here
I agree that the culture of greed has spread here, but at the same time we have plenty of very positive experiences – Gábor Kövesdi revealed in an interview for...
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Lidl Is The Best Performing Retailer In France In July/August Period
Lidl was the best performing retailer in France in the period from 11 July to 7 August, new data from Kantar has shown, with the discounter reporting a 0.3 percentage point increase...
Read moreNestlé Launches New Digital Platform For Young Entrepreneurs
Food giant Nestlé has launched a new platform that brings all its existing innovation initiatives and programmes to one place. The Nestlé Youth Entrepreneurship Platform (YEP) includes Nestlé R+D Accelerator, Purina Unleashed,...
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