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More sunflower seed crops are expected worldwide than last year
Oil World experts for 2023/2024. 4 percent higher than last year, almost 60 million tons of sunflower seeds are expected worldwide in 2024/2025. financial year. The expected use is 60.6...
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Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its Starbucks and Cocio milk drinks with a round of capital investment in Denmark. The dairy major is spending DKr20m ($2.9m)...
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The Ministry of Agriculture continues to support domestic beekeepers
The domestic beekeeping industry, which is significantly affected by the effects of imported Asian honey arriving in the Union, must be supported by all means. Honey can be imported, but...
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20 years of Hungary in the EU: how has the forint exchange rate changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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Key consumer trends for 2024
The “State of the Consumer 2024” report by McKinsey & Company highlights significant shifts in consumer behavior and identifies nine key trends impacting the global consumer market. These include changing...
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The Hungarian government is introducing new special taxes on companies
The Hungarian government announced the introduction of new measures aimed at reducing the budget deficit. On Monday, Gergely Gulyás Gulyás, the Government Information Officer, announced that multinational companies that have...
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Melon season is in full swing
The cultivation of melons in Hungary shows significant progress this year, thanks to the development of cultivation technology and the expansion of the selection of varieties. Minister of Agriculture István...
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June is characterized by a stable inflationary environment in Hungary
The annual inflation in Hungary could remain below the central bank’s target range in June, below 4% based on experts’ forecasts. According to the analysts interviewed by Portfolio, the Central...
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This is how domestic chains fight against food waste
For many customers, it is still not clear how much Hungarian supermarket chains do to reduce food waste. HelloVidék journalists investigated how store chains fight food waste. SPAR, Tesco and...
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Despite the rainy weather, the Hungarian fields have a good harvest
Despite the warm weather and lack of rainfall this spring, according to the harvest results of Talentis Agro Zrt., the quantity and quality of autumn barley is acceptable. The holding...
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MPL decree won’t disrupt the delivery market
From 28 March 2024 online shops are obliged to also make Hungarian Post’s delivery services available to their customers. This article is available for reading in Trade magazin 2024/6-7 According...
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This is the season for seasonal work
We are past the first month of the summer of 2024, and anyone who has started working seasonally or casually can make sure during these days – on pay day...
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The Ministry of Agriculture particularly supports the preservation of indigenous varieties
The Ministry of Agriculture provides a lot of energy and significant resources for the preservation and development of our indigenous breeds, such as gray cattle, said Zsolt Feldman, the State...
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New Lidl store opens in Pécs
In April Lidl opened its 204th store in Hungary in the centre of Kertváros in Pécs, where customers can choose from a large selection of high quality, reasonably priced products and...
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Domestic seed breeders: a stable position despite the challenges
The position of Hungarian seed breeders remains strong, even in the midst of climatic challenges. Domestically produced vegetable varieties have to face serious challenges, not only with a slight increase in...
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The melon season started earlier this year
This year, we can enjoy high-quality cantaloupes and cantaloupes two weeks earlier than usual, thanks to the development of cultivation technology and the expansion of the variety selection, said Minister...
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Publix launches virtual health care service
By filling out an online health questionnaire, customers can seek medical care from a licensed provider with no appointment Publix has launched a virtual health care service powered by health...
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The purchase of agricultural machinery fell: data from the first quarter
According to the latest report of the Agricultural Economics Institute (AKI), in the first quarter of 2024, individual farms and social enterprises bought a total of HUF 39.5 billion worth...
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According to the 19-29 year olds, inflation in May was 18 percent, compared to the actual figure of 4 percent
According to the K&H youth index, young people still perceive inflation to be much higher than the actual one. In the second quarter, an average increase in prices of 18...
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The volume of lake farm fish production decreased by 7 percent
The volume of Hungarian fish production in 2023 was 19,673 tons, which is 7.3 percent lower than the volume of the previous year. In 2023, 80.0 percent of fish production...
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Nestlé Launches Website To Support People On Weight-Loss Drugs
Food giant Nestlé’s health unit has launched a web platform to provide nutritional support for individuals on weight loss programmes, including those using GLP-1 medications. Nestlé Health Science said the...
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Ultra-processed foods ‘should carry tobacco-style warning’ – scientist says
Professor Carlos Monteiro said studies and reviews into the impact of UPFs were no longer sufficient to warn of the health hazards. The Brazilian scientist who coined the term ultra-processed...
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FAO: this year’s world grain harvest could be at a record level
The world’s grain harvest could be a record 2.854 billion tons this year, according to the latest monthly forecast of the Food and Agriculture Organization of the United Nations (FAO). The...
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KSH: retail turnover increased by 3.6 percent compared to the same period of the previous year
In May, the volume of retail trade increased by 3.6 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data, the Central Statistical...
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MBH Bank: Encouraging outlook in the trade sector – sector outlook
In May, the retail turnover essentially stagnated, but excluding the turnover of gas stations, the monthly increase was 0.6%. The growing trend of consumer confidence has flattened out recently, essentially...
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The sustainability of the traditional meat industry must be supported
The production and marketing of laboratory meat raises many questions and concerns, most of which we do not yet have satisfactory answers to, said Dr. Márton Nobilis is the State...
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The FAO food price index remained stable in June
According to the Friday report of the UN Food and Agriculture Organization (FAO), the world market index of food raw materials did not change in June, as the increase in...
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Krisztina Máté: “You can’t make up for the important things afterwards”
Trade magazine’s Business Podcast continues Krisztina Máté, producer of the business-themed television show “Cápák között” (Shark Tank), was Szilvia Krizsó’s guest in the latest episode of the Future Talks podcast....
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NGM: the expansion of consumption has been unbroken for the fifth month
The collapse of inflation and the dynamic growth of real wages played an important role in the expansion of retail trade, which, together with the strengthening of consumer confidence, gradually...
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Industrial production decreased, food, beverage and tobacco production increased
In May, the volume of industrial production was 5.2 percent, or 4.9 percent less than a year earlier, adjusted for the working day effect. As of April 2024, industrial output...
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