Market News
Budapest Bank: investment mood in agriculture is growing
Investments may continue to grow this year: after 23 percent last year, 35 percent of the companies would increase their total investment, on average, by doubleing them, according to an...
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Credit card purchase is becoming more and more popular
The consumers are becoming more and more conscious of the use of credit card purchases and the use of the card – Gergely Péter, analyst ofBankRáció.hu told M1 news channel....
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The European Soybean Declaration was signed in Brussels
On Monday, the Agriculture Ministers of fourteen EU countries signed the European Soybean Declaration to encourage the cultivation of GMO-free products, including soybean for food and feed. Fazekas Sándor, Minister...
Read moreA quarter of bees have died in recent months
A quarter of the bee stock has died in recent months due to viruses spread by the Asian bee mite. Domestic honey supply is assured, but it is possible that...
Read moreThe sales of cigarette accelerates during the festival season
In June, more than 16,000 Hungarians lit a cigarette per minute – origo wrote in the wake of Világgazdaság. The tobacco market accelerates during the festival season. According to the...
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The price increases in Europe slow down
The annual comparative consumer prices in the euro area and in the European Union rose at a slowing pace in June. According to the data released on Monday by the...
Read moreCattle is fed with sweets
Mount Gambier lies almost halfway between the cities of Melbourne and Adelaide, Australia It’s the biggest town around for more than 200 miles but has a population of fewer than...
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The EU’s unemployment rate is at a low point
Employment has been rising over the past few years in the European Union and unemployment has been the lowest since the economic crisis in 2008, according to the European Commission’s...
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Milk’s price climbed back
In April 2017 agricultural production prices increased by 4.1 percent from the level of April 2016 – reported the Central Statistical Office (KSH). This rise was the result of the...
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LG battling food waste
LG has joined forces with the London Vegetable Orchestra (LVO) to raise awareness of the issue of food waste, and to show how consumers can preserve fresh food days or...
Read moreGlobal food import bill on the rise despite stable markets
Global food commodity markets are well-balanced, buoyed by ample supplies of wheat and maize and rebounding production of oilseed products. However, rising shipping costs and larger import volumes are set...
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Despite the VAT cuts, the price of pork increased
Pork has been significantly cheaper over the last year, so more and more people hear that there is nothing to do with VAT cuts because they can not lower the...
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The Nébih tested Caucasian kefirs
The National Food Chain Security Office (Nébih) tested Caucasian kefirs. Serious problems were not found during the investigations – the agency told MTI on Friday. According to Nébih’s announcement, 17...
Read moreA quarter of autumn wheat is already in the storages
A quarter of the nearly one million hectares of winter wheat in the country are already in the storehouses; This year’s average yield will be around 5.2 tonnes per hectare...
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The number of women is increasing in agriculture
The proportion of women working in agriculture in the world is growing steadily, not only in the labor force, but also among the owners and managers of the farms –...
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Foreign trade in the euro area expanded significantly
Foreign trade in the euro area flourished in May. Exports and imports have expanded considerably, which is another sign that world trade is in a good state. The world’s number...
Read moreConsumer sentiment on its 8 month nadir in the world’s largest economy
Consumer sentiment in July reached an 8 month nadir in the United States – the regular monthly survey of the Michigan University revealed. The preliminary results were published on Friday....
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AKI: Poultry meat export to Hong Kong reaches record level
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s poultry meat export dropped 18 percent to 43,000 tons in the first...
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Independent condition inspection can increase the sales price of used cars
Businesses that use leased vehicle fleets already know the independent used vehicle assessment service of SGS. This service can also be very useful to privately owned car and commercial vehicle...
Read moreAgrarian Chamber: We are champions in sweetcorn
Hungary is the largest sweetcorn producer in Europe and after the United States the second largest exporter in the world. In domestic production, super-sweet varieties have been spread, Hungarian sweetcorn...
Read moreThe Kopint-Tárki Zrt. expects an increase of 3.7 percent and a 2.3 percent inflation this year
This year, the researchers of the Kopint-Tárki Konjunktúrakutató Intézet Zrt. expects an increase of 3.7 percent and an annual inflation of 2.3 percent inflation – Palócz Éva, CEO of the...
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Butter prices rose twofold
Food prices may became more expensive this year, due to the increase in the price of butter – Origo wrote. Butter prices have doubled this year, due to unfavorable weather,...
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The breach of procedure, due to the restriction of retail companies in a new stage
The European Commission has informed the Hungarian Government that it has sent a reasoned opinion on the matter, which is the second stage of the procedure. The legislation prohibits the...
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Advocacy: the operators of the beverage and food vending machines will be affected badly by the new legislation
Thousands of beverage and food vending machine operators may disappear, as the new legislation disadvantages operators, and some of its specifications are unachievable – the Hungarian Food and Beverage Association...
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Cold storage facility built in Iváncsa
A cold storage facility has been built from HUF 1.6 billion in Iváncsa. From the project’s budget HUF 1.2 billion came from the government. Owner Alba Fructus Kft. created 15-20...
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Information exchange for risk assessment purposes
The recommendations worded as part of OECD’s Base Erosion and Profit Shifting (BEPS) project have great influence on the international practice of transfer pricing. The goals of the BEPS action...
Read moreKSH: agricultural purchasing prices have continued to rise
In May, due to a 0.9 percent decline in plant products prices and a 15.0 percent increase in live animal and animal products, the agricultural purchasing prices increased by 4.5...
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Tasting in only 4 stores
With the participation of NAK, the melon promotion campaign started last week with the participation of seven chain of stores (ALDI, Auchan, CBA, Lidl, METRO, SPAR, Tesco) Because of the...
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Cattle increased, pig and sheep stocks dropped
The number of pigs increased by 22,000 last year, while the number of pigs decreased by 219,000 and the number of sheep decreased by 36,000, according to the Central Statistical...
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