Market News
The price of chicken meat keeps falling
In Hungary, in the first week of the year, the producer prices of slaughter chickens and slaughter turkeys decreased significantly compared to the same period of the previous year –...
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Hungarians spend HUF 12,000 a month on feeding their dogs
Feeding a dog costs an average of HUF 12,000 per month; Currently, four out of ten Hungarians have a dog at home, most of them take care of one dog...
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Innovative research methods for future-proof livestock farming
Sustainable livestock farming is key to both food security and the protection of our ecosystems. The World Resources Institute predicts that compared to 2010, global demand for meat and dairy...
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An egg crisis is raging in the Russians
Russia was unexpectedly hit by the egg crisis, which not only raised prices, but also whipped up political tensions. In the past year, egg prices rose by 46.2%, which raised...
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Gáborné Pölöskei: the primary task of vocational training is to serve the needs of the labor market
Vocational training is of utmost importance to serve the needs of the labor market – stated the deputy state secretary responsible for vocational training of the Ministry of Culture and...
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The University of Veterinary Medicine entered into cooperation with Sorapharm Kft. to support animal health
The University of Veterinary Medicine has concluded a cooperation agreement with Sorapharm Kft. to support animal health, the institution announced to MTI. In their press release, they explain: after extensive...
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János Lázár: logistics is key for Hungary
The changes taking place in the world do not only represent difficulties and economic challenges, but also create opportunities; logistics and mobility are key for Hungary – said the Minister...
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Czakó Borbála: A férfiak a vezetésben többet, a nők kevesebbet kockáztatnak, és a kettő jobb végeredményt hoz
Folytatódik a Trade magazin Business Podcastja A nők a vezetésben a férfi döntéseket kiegyensúlyozzák, így válnak azok jobban átgondolttá és talán kevésbé agresszívvé – véli Czakó Borbála stratégiai tanácsadó, volt...
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Agrometeorology: milder than optimal weather
The weather is milder than optimal, and although the frost experienced in recent days has decimated the pathogens and pests, more lasting cold would be needed to significantly reduce them,...
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Syngenta Kft. prioritizes biological methods in plant protection.
This year, Syngenta Kft. is prioritizing biological methods, which wants to meet consumer demands for organic crop production, said the head of the company’s plant protection products business at the season...
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Purina Europa: products with reduced environmental impact are arriving
Purina, Europe’s leading pet care company, introduces its first CO2-efficient pet food range, Purina One DualNature, supporting Nestlé’s wider ambition to reduce its carbon dioxide emissions by 50% by 2030....
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Agricultural companies look to 2024 with high hopes
After the low point of the previous quarter, the K&H agricultural index improved and currently stands at 12 points. The more optimistic mood is due to the fact that the companies...
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FrieslandCampina Ingredients predicts holistic health and alt-dairy as key 2024 nutrition trends
FrieslandCampina Ingredients spotlights five crucial nutritional trends for 2024. The company expects these trends to drive the food, drink and supplement industries this year. The five trends shaping consumer habits...
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Saudi Arabia’s Panda Retail uses AI for pricing decisions
This will be applied to about 200 hypermarkets and supermarkets. Saudi Arabia-based grocery store chain Panda Retail has leveraged artificial intelligence to guide the company in deciding the price for...
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Bird flu has already appeared in the county of Somogy
This time, the laboratory of the National Food Chain Safety Office (Nébih) confirmed the presence of the highly pathogenic bird flu virus in the area of Somogy County. The affected...
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Inflation accelerated in the euro area in December, especially on the food front
In December, as previously announced, annual inflation accelerated in the euro area – the statistical office of the European Union, Eurostat, announced the final data on Wednesday. In the euro...
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Will the prices of dairy products continue to rise in 2024?
Over the past two years, the prices of milk and milk products in Hungary have risen continuously, except for the previous month, when the price of milk and cheese decreased...
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Tartós installációs az Év Displaye 2023
Nagy érdeklődés övezte a POPAI és a Trade Marketing Klub összevont évzáró eseményét. A házigazda Pick Szeged a gyorsan változó vásárlási igényekre adott válaszaival, a szervezők pedig a POPAI Awards POP...
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Széles körű ESG beruházási programot valósít meg a Nádudvari
Átfogó környezettudatos fejlesztési programot valósít meg az idén a Nádudvari Élelmiszer Kft. Decemberben fejeződik be az a 650 millió forintos zöldfejlesztési program, amelynek költségeit saját, illetve állami forrásokból, valamint az OTP...
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The producer price of broiler chickens decreased by 18 percent
Based on data from the KSH, Hungary’s poultry meat exports increased by 3 percent to almost 180,000 tons between January and October 2023 compared to the same period of the...
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Aldi removes plastic shopping bags, pivots to natural refrigerants
Starting this year, the grocer plans to buy environmentally friendly refrigerants for all of its new and remodeled locations and swap in ones with low global warming potential at existing stores. Aldi...
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Nestlé Vietnam, 100 million dollars to expand coffee production
The investment will increase the production capacity of the Tri An plant, southern province of Đồng Nai “Strategic” investment for Nestlé Vietnam which has decided to allocate 100 million dollars...
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Szallas.hu: the average booking price increased by 17 percent last year
According to data from Szallas.hu, the average booking price per person in 2023 was HUF 13,000 per night, which represents a 17 percent increase compared to 2022. Balaton was the...
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Business Diaries can be uploaded until February 15, 2024
The Ministry of Agriculture has extended the deadline for the electronic upload of the Farm Diaries by two weeks, until February 15, 2024. The decision is based on the fact...
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Shift to modern grocery consumption slows down
Spending in modern grocery, including the online channel, slowed down in the fastest-growing markets as the growth of modern grocery networks “failed to keep pace” with other channels amidst the...
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The burdens of operators dealing with animal by-products have been eased
In line with the government’s deregulation efforts aimed at reducing administrative burdens, Regulation 45/2012 on animal by-products was amended from January 1, 2024.(V. 8.) VM decree. In the future, it...
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Work Force Kft. increased its sales by about 50 percent last year
Work Force Kft. closed in 2023 with a sales revenue of around HUF 25 billion, which is an increase of about 50 percent compared to 2022 – the company dealing...
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Vegetables without packaging play a leading role
In the spirit of the fight against food waste and plastic waste, changes are expected on the shelves of grocery stores in the United Kingdom. According to the plans of...
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K&H: middle-aged Hungarians are less afraid of inflation
For the time being, Hungarians do not expect a significant decrease in inflation, but the situation has improved to the extent that, compared to 87 percent at the beginning of...
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There could be a serious shortage of goods in Europe because of the Houthi terrorists in Yemen
The tensions in the Red Sea region and the ship attacks carried out by Houthi terrorists in Yemen can have a serious impact on the FMCG market. Keeping seafarers on...
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