ENGLISH NEWS
 |
Hungary does not wish to enter into a new loan agreement with the IMF Hungary does not wish to enter into a new loan agreement with the IMF or the EU, and said fixing an eurozone entry date is not on the agenda national economy minister Gyorgy Matolcsy said.
|
||
 |
Feed suspected source of US salmonella outbreak Authorities in the USA have discovered what they believe is the source of salmonella which infected chickens in Iowa leading to the recall of half-a-billion eggs and over 1.300 illnesses.
|
||
 |
Hungary government decides to have deficit of less than 3pc in 2011 Hungary will target a general government deficit below 3pc of the GDP next year under a decision taken by the government on Wednesday, national economy minister Gyorgy Matolcsy said at a press conference.
|
||
 |
Heineken Hungaria expects revenue to drop over 4pc in 2010 Heineken Hungaria, the Hungarian unit of Amsterdam-based brewing company Heineken, expects the unit's revenue to decline by 4,25pc yr/yr to HUF 45bn in 2010, Heineken Hungaria Sales Manager Laszlo Benedek said.
|
||
 |
Hungexpo to return to growth next year Exhibition organiser Hungexpo hopes to become profitable again in 2011 after a 16pc decline in revenues in 2009 is projected to slow to under 10pc this year, CEO Gabor Ganczer said.
|
||
 |
German farm ministry sees 12pc grain crop fall Germany's 2010 grain crop is likely to fall by 12percent on the year to around 43,8 million tonnes following adverse weather, Germany's agriculture ministry said.
|
||
 |
MNV approves support to renovation of Grassalkovich Palace The Hungarian National Asset Management Company (MNV) announced Tuesday it approved HUF 900m in support to the second phase of the expansion of the Grassalkovich Palace in Godollo.
|
||
 |
State secretary estimates agricultural flood damage of at least HUF 150bn Ministry of Rural Development State Secretary Gyorgy Czervan said that heavy rains and flooding had caused damage of at least HUF 200bn in Hungary, of which HUF 150bn hit the country's agricultural sector.
|
||
 |
Singapore destroys contaminated eggs Millions of eggs worth some $700.000 (€404.000) were destroyed during the suspension of N & N Agriculture Farm's products after the detection of antibiotic residues in their eggs.
|
||
 |
Magyar Cukor aims to process record amount of sugar beets Magyar Cukor announced Tuesday that it targets production of 120.000 tonnes of sugar from a record-high 800.000-850.000 tonnes of sugar beets at its refinery in Kaposvar (SW Hungary).
|
||
 |
Hungary grape harvest estimated to be 20-25pc less than last year Hungary's grape harvest is estimated to be around 400.000 tonnes, 20-25pc less in 2010 than it was in 2009, thereby reducing the amount of wine expected to be produced to less than 3m hectolitres, General Secretary Csaba Horvath of national wine-growers association HNT said.
|
||
 |
House brands generate turnover of HUF 165bn in H1 Food-retail chains generated turnover of HUF 165bn in H1 2010 from sales of house-brand products, down 2pc from the same period in 2009, market researcher Nielsen said. The share of house brands stilll rose as total turnover declined more than that of house brands did.
|
||
 |
Liquidation procedures up 19,2pc yr/yr in first eight months of 2010 Liquidation procedures were initiated against 11.512 companies in Hungary during the first eight months of 2010, up 19,2pc yr/yr, information compiled by Opten shows.
|
||
 |
Canada's Linamar raises stake further in Hungarian unit Canada's Linamar Corporation, raised its stake in its majority-owned Hungarian unit, the farm-machinery manufacturer and automotive-industry supplier Linamar Hungary, to 8.518.222 or 99,28p through buying an additional 4.377 shares on the Budapest Stock Exchange on September 2 and 3, the Hungarian company said.
|
||
 |
New online tool to register notified feed ingredients Representatives of the EU feed business sectors have developed an online tool to register notified feed ingredients.
|
||
 |
Bad weather to cut Tokaj crop by nearly one-third Bad weather is expected to reduce the crop in Hungary's famous Tokaj wine region by 30pc to 250m kilogrammes, Istvan Kiss (on the photo), who heads state-owned wine maker Tokaj Kereskedohaz, said.
|
||
 |
Hungarian feed company Vitafort carries out USD 9m of investments in Laos Hungary's Vitafort is building three feed mix plants and other investments worth a combined USD 9m in Laos, CEO Zoltan Kulik said.
|
||
 |
Finland cuts 2010 harvest fcast due to drought Finland cut its forecast forthe 2010 harvest due to the drought that has plagued a number of European countries, and said its grain harvest would be the smallest in a decade.
|
||
 |
Brazil's and Philippines sees 2010/11 sugar output Due to dry weather, Brazil's 2010/11 cane crop is expected to put out 38,15 million tonnes of sugar, slightly down from the 38,7 million tonnes forecast in April, the government's crop supply agency Conab.
|
||
 |
Russia grain ban in place 'til next yr's harvest-PM Russia can only consider lifting its grain export ban after next year's harvest has been collected, Prime Minister Vladimir Putin said.
|
||
 |
Turkey grain office to sell 334.000 T wheat Turkey's state grain office TMO said it would put on sale a total of 334.000 tonnes of wheat including 255.300 tonnes of milling wheat and 78.700 tonnes of durum wheat.
|
||
 |
Ukraine raises wheat exports in Aug despite curbs Ukraine's wheat exports rose to 430.000 tonnes in August from 225.000 tonnes in July despite informal export limits introduced by the Ukrainian Customs Service, analyst UkrAgroConsult said.
|
||
 |
Hungary needs to convince Commission extension of farmland ban is necessary Hungary will have to convince the European Commission that an extension of the country's ban on purchases of farmland by foreigners is necessary to prevent serious disturbances in the agriculture sector, Commission spokesman Roger Waite (on the photo) said.
|
||
 |
Pick Szeged starts producing Herz salami Pick Szeged has resumed production of Herz salami products six months after Hungary's competition office GVH approved Bonafarm Zrt's takeover of the Herz Salami Factory.
|
||
 |
Gov't to apply for extension of land-purchase moratorium The government approved on Wednesday the detailed proposal to the European Union for a three-year extension of the land-purchase moratorium due to expire on April 30, 2111, Minister of Rural Development Sandor Fazekas said.
|
||
 |
CAP: Call for tenders on agricultural markets, freight and trade The European Commission has launched a call for tenders divided into five lots in order to conclude framework contracts for the purchase of data and information on agricultural markets, freight and trade.
|
||
 |
Euro unemployment rate stuck at 10 per cent The unemployment rate across the 16 countries which share the euro stuck at a record 10 percent in July for the fifth month running, European Union data showed.
|
||
 |
Margin narrows nearly halving Fevita profit Hungarian frozen food company Szekesfehervari Hutoipari (Fevita) had net income of HUF 111m in the first half, down 45pc because of a narrowing margin, the company's Hungarian Accounting Standards report for the period published.
|
||
 |
Russia gross grain crop down on year due to drought Russia harvested 43 million tonnes of grain by bunker weight by Aug. 31, from some 60 percent of the area left for harvesting after a severe drought, the Agriculture Ministry said.
|
||
 |
Hungary could start meat exports to Vietnam in weeks Hungary is expected to become the third European Union member that can export meat to Vietnam, state secretary in charge of farm affairs at the Rural Development Ministry Gyorgy Czervan (on the photo) said, after returning from a trip Vietnam and Laos.
|
||
 |
Europe puts cork in Australian 'Champagne' Australian wine-makers will no longer be permitted to use established names such as Champagne, Port or Sherry for their products under an agreement with Europe which comes into force on Wednesday.
|
||
 |
New head named for national land manager Robert Sebestyen has been named to head Hungary's National Land Management Organisation (NFA) from September 1, Rural Development Minister Sandor Fazekas said.
|
||
 |
No bidders in Morocco tender for U.S. wheat-traders Morocco's tender for the import of 140.000 tonnes of durum wheat from the United States failed to attract bidders, mainly because of import tariffs, local traders said.
|
||
 |
New head named for farm product marketing agency Peter Simon has been named head of Hungary's state farm product marketing agency Agrarmarketing Centrum (AMC), the Rural Development Ministry's press department confirmed.
|
||
 |
Spar to spend HUF 6bn on renovation and remodeling Plus stores Spar Magyarorszag Kereskedelmi Kft., part of the international Spar group, will spend HUF 6bn this year on the renovation of its stores and remodeling the former Plus stores it acquired from Tengelman in 2008, the company said.
|
||
 |
AB Vista appoints Nicola Walker to technical team AB Vista has strengthened its technical team with the appointment of Nicola Walker, former Head Research Scientist at Lallemand Animal Nutrition North America.
|
||
 |
Hungary retail food market contracts Retail sales turnover of Fast Moving Consumer Goods (FMCG) declined 3pc yr/yr in Hungary in the second quarter in both volume and value terms, data compiled by market research company Nielsen shows.
|
||
 |
Pakistan likely to cancel wheat export plans Pakistan is likely to cancelplans to export 2 million tonnes of surplus wheat in the wake of devastating floods, two food ministry officials said.
|
||
 |
China 2010/11 corn imports to fall to 600.000 tonnes China's corn imports in the 2010/11 crop year starting in October are projected to fall to 600.000 tonnes from about 1 million tonnes last year due to rising local supplies, a government think tank said.
|
||
 |
Russia may import 6 mln T grain in 2010/11 Russia, the world's former No.3 wheat exporter, may need to import up to six million tonnes of grain in the current 2010/11 crop year to compensate for a severe drought, a leading Russian analyst said.
|
||
 |
Credit Agricole sets up cash-management centre in Budapest Credit Agricole Corporate and Investment Bank set up a centre for its corporate cash management division for Central and Eastern Europe in Budapest.
|
||
 |
Pannonhalma Archabbey wins HUF 600m in tourism development funding The Benedictine Archabbey of Pannonhalma (NW Hungary) has won HUF 600m in tourism development funding from the New Hungary Development Plan's Regional Operative Programme, Archabbot Asztrik Varszegi said as the funding contract was signed.
|
||
 |
Iraq says buys 310,000 T of rice Iraq has bought 310.000 tonnes of rice from the United States, Vietnam and Thailand, Muthanna Jabbar, the head of Iraq's grain board said.
|
||
 |
Russia gross grain crop 31 pct down on year Russia harvested 41,5 million tonnes of grain by bunker weight by Aug. 25, 31 percent down from a year ago because of a severe drought that hit many key grain growing regions, the Agriculture Ministry said.
|
||
 |
Kazakhstan to buy domestic wheat to curb inflation Kazakhstan plans to buy more than 2 million tonnes of grain from local farmers this year to guard against inflation after a spike in world prices following Russia's worst heatwave on record, officials said.
|
||
 |
Hungary economy ministry sees no need for new IMF loan agreement Hungary does not need a new agreement with the International Monetary Fund, therefore such an agreement is not the aim of the talks planned with the IMF for the autumn, the National Economy Ministry said.
|
||
 |
Bioenergy-Miskolc Szolgaltato to build HUF 780m biomass power-plant Bioenergy-Miskolc Szolgaltato Kft plans to build a HUF 780m biomass power-plant in Miskolc (NE Hungary), company CEO Imre Mehn (on the photo) announced.
|
||
 |
Glencore Grain loses trading rights on Budapest Bourse The CEO of the Budapest Stock Exchange (BSE) has eliminated the section membership as well as the trading rights of Glencore Grain Hungary in the commodity section of the Budapest bourse as of September 2, the BSE announced.
|
||
 |
Egypt's GASC buys 240.000 T French, Canadian wheat Egypt's main government wheat buyer said it had bought 240.000 tonnes of French and Canadian wheat for Oct. 1-10 shipment on a free on board basis.
|
||
 |
Farmer Expo opens in Debrecen The 19th International Agriculture and Food Industry Exhibition opened at the University of Debrecen (E Hungary) with the participation of 300 Hungarian and foreign exhibitors.
|
||
 |
Romania supports Hungary bid to extend moratorium on farmland Romania supports Hungary's bid to extend its ban on purchases of farmland by foreigners, rural development minister Sandor Fazekas said after a meeting with his Finnish counterpart Mihail Dumitru (on the photo).
|
||
 |
Pig farms increase antibiotic resistance Researchers have linked tetracycline resistance in bacteria with levels of the antibiotic in soil near Chinese pig farms.
|
||
 |
Economy minister to represent Hungary at IMF Hungary's National Economy Minister will represent Hungary at the International Monetary Fund (IMF) in the future, the National Economy Ministry said in a statement late.
|
||
 |
Papai Hus 1913 projects 11pc-12pc rise in revenue this year Hungarian meat company Papai Hus 1913 projects an 11pc-12pc yr/yr rise in revenue to around HUF 19bn (EUR 66.86m) in 2010, the business daily Napi Gazdasag reported.
|
||
 |
Cornerstone laid for EUR 120m bioethanol plant in Central Hungary Pannon Ethanol has laid the cornerstone for a EUR 120m investment to build a bioethanol plant in Dunafoldvar, Central Hungary; the plant is to start operating at the end of next year.
|
||
 |
Agrana Juice Magyarorszag to buy 200,000 tonnes of apples Austrian-owned Agrana Juice Magyarorszag plans to buy about 200,000 tonnes of apples from Hungarian farmers this season, managing director Zoltan Szigeti said.
|
||
 |
Russian ban pushes barley prices up Feed barley prices, along with the price of other grains, have spiked as a result of Russia's ban on wheat exports.
|
||
 |
Growing maize in Spain becoming unpopular The current maize crop in Spain is forecasted to fall by 8 pc. Farmers have long been predicting a decline, however, because they planted 6,5 pc less land to maize this spring due to low prices.
|
||
 |
One-third of fruit and vegetable crops lost due to bad weather One-third of this year's fruit and vegetable harvest has been lost in Hungary due to adverse weather conditions, with losses of up to 80pc in the case of certain crops, head of Hungary's Fruit and Vegetable Council (FruitVeb) Jozsef Szabo said.
|
||
 |
Hungarians' taste turns to red wine in plastic bottles Sales of red wine rose 15pc in 2009 from a year earlier while white wine sales stagnated, a survey by market research company GfK Hungaria shows.
|
||
 |
New feed mill for Fiji Research Station A new $827,000 feed mill had its foundation laying ceremony last week at the Koronivia Research Station (Fiji Islands) by the Permanent Secretary for Agriculture, Mason Smith.
|
||
 |
Hungary hosts First Sustainable Food Chain World Summit The First Sustainable Food Chain World Summit, a meeting of professionals in the fields of medical and veterinary sciences, chemistry, biology, food and agricultural engineering, and public health, started in Budapest.
|
||
 |
Egypt replaced most wheat hit by Russia ban-minister Egypt has already replaced most of the wheat it was unable to buy because top supplier Russia imposed an export ban, Trade Minister Rachid Mohamed Rachid said. "We have already replaced most of the quantities that were contracted with Russia...
|
||
 |
Euronext wheat pushed lower by Chicago slide European milling wheat futures fell sharply in opening trade as the market reacted to a slide in Chicago in the previous session when a forecast for rain in drought-hit Russia encouraged selling.
|
||
 |
Farm association puts wheat harvest at 3.2m tonnes Hungary's wheat harvest reached 3.2m tonnes in 2010, Ferenc Obreczan, chief secretary of farm association Magosz said.
|
||
 |
Frozen food company Fevita revenue up 11pc in H1 Szekesfehervari Hutoipari (Fevita), which controls more than one-fifth of Hungary's frozen food market, had revenue of HUF 2.72bn in the first half, up 11pc from the same period a year earlier, deputy-CEO Laszlo Kuthy said.
|
||
 |
Hungarian farm-gate prices drop 0.6pc in June Farm gate prices in Hungary fell 0.6pc yr/yr in June after also dropping 0.6pc in May and falling 5.7pc in April.
|
||
 |
Hungarian agribusiness inaugurates HUF 1bn biogas plant Hungarian agribusiness Pannonia Mezogazdasagi on Friday inaugurated a HUF 1bn biogas plant at its base in Bonyhad (SW Hungary).
|
||
 |
Meat industry SMEs aim to boost market share Husceh, a professional association of more than 30 Hungarian small- and medium-size meat industry companies, wants to boost domestic market share of its members by 5-7 percentage points from 25pc within two years, Husceh chairman Zoltan Babati said.
|
||
 |
Hungary wheat harvest drops but maize harvest steady Hungary's wheat harvest is likely to be 3.7m tonnes in 2010, down 16pc from a year earlier, while the maize harvest is estimated to reach 7.4m tonnes, the Ministry of Rural Development said.
|
||
 |
Extreme weather won't affect crop output: JRC report The European Commission says cereal production in 2010 will be close to the average recorded since 2005.
|
||
 |
Restructuring could put sausage maker Gyulai in black Gyulai Huskombinat, one of Hungary's oldest and most famous sausage makers, could break even for the first time in ten years this year thanks to restructuring, CEO of owner HAGE-Nagisz Janos Ruck said.
|
||
 |
New media authority head promises fast, firm restructuring The head of Hungary's newly-merged telecom and media authority said that she planned fast and well-defined restructuring in the sector.
|
||
 |
Gov't to start unified inventory of national assets from 2011 The government wants to start operating a unified, integrated inventory of national assets from 2012, government spokesperson Anna Nagy said after a cabinet meeting.
|
||
 |
Online mycotoxins short course KnowMycotoxins.com has launched a new page featuring a Mycotoxin Short Course with video lectures addressing key challenges related to identifying and dealing with mycotoxins.
|
||
 |
Gov't reviews merger of investment, farm and tourism agencies The National Economy Ministry is reviewing a possible merger of the state investment, farm product marketing and tourism agencies, the ministry said, confirming a press report.
|
||
 |
Philippine feed production in downward trend Feed millers in the Philippines have revised their output projection for this year, saying animal feeds would go down by 23 percent to 5 million metric tonnes (MT) from 6.5 million MT.
|
||
 |
Naki Mezogazdasagi spends HUF 1bn to boost capacity at hog farm Agribusiness Naki Mezogazdasagi is spending more than HUF 1bn on investments this year to boost its hog capacity from 1,700 to 2,500 tonnes, CEO Gyula Soltesz said.
|
||
 |
Cargill buys and sells operations Cargill is enhancing its grain handling presence in Canada and Hungary and divests its liquid vitamin business in the US.
|
||
 |
Wheat price soar after Russian export Russian Prime Minister tried to ease growing fears of food shortages due to drought driven harvest failures by banning exports of the grain. Wheat prices went up to two year highs.
|
||
 |
Fires in Eastern Europe heat up wheat prices Wheat prices in Europe have rocketed over the past month in what has been their steepest one month climb for three decades.
|
||
 |
Alltech president introduces new malt whiskey on his birthday Alltech founder Pearse Lyons celebrated his 66th birthday in a big way this week by unveiling his own malt whiskey — Pearse Lyons Reserve.
|
||
 |
Global dairy leaders meet for third time In what has quickly emerged as a premier forum for global dairy leaders, the third Global Dairy 500 will be held in Lexington, Kentucky, November 1-4, 2010.
|
||
 |
S.Africa maize deliveries rise to 9.352 mln T Maize deliveries to South African silos rose to 9.352 million tonnes in the week to July 30, up from a revised 8.728 million tonnes in the week before, data showed.
|
||
 |
Ukraine harvest will top 40 mln tonnes Ukraine's total grain harvest this year is expected to be more than 40 million tonnes, a senior government minister said.
|
||
 |
Russia drought may hit 2011 world wheat supply-FAO World wheat supplies may shrink next year if severe drought in Russia continues, the UN's food agency said cutting its 2010 global wheat forecast to 651 million tonnes from an earlier view of 676 million.
|
||
 |
Eurozone growth indicator rises, but gaps remain: survey A leading indicator of economic activity, the purchasing managers' index for the 16-nation eurozone, accelerated for the first time in three months in July, final data showed.
|
||
 |
Hungarian tobacco crop seen falling 20-30pc Bad weather is likely to cut Hungary's tobacco harvest this year by 20-30pc, head of the Hungarian Tobacco Producers Association Illes Benyei said.
|
||
 |
Russian grain crop down on year as drought advances Russia harvested 35.4 million tonnes of grain by bunker weight by Aug. 3, 0.4 million tonnes less than a year ago, as the harvesting campaign moved to drought-hit regions, the Agriculture Ministry said.
|
||
 |
Wheat harvest totals 3.5m tonnes Harvest has been completed on 92pc of the 1m-hectare sowing area for autumn wheat, with a total of 3.5m tonnes of wheat harvested or almost 20pc less than last year.
|
||
 |
Euronext drops 2 pct after surge on Russia drought Benchmark European wheat futuresfell sharply in opening trade on Tuesday, in line with a pullback in U.S. prices, as wheat markets gave up some of their strong gains linked to a severe drought in Russia.
|
||
 |
Palinka' news from Hungary Mecseki Elektronika, a company set up by a Slovenian and two German businesses, is planning to manufacture equipment and parts for palinka distillation at in a HUF 600m plant in South Hungary, business daily Napi Gazdasag said.
|
||
 |
Hungary's 2010 wheat crop seen at 3.5 mln T Hungary's 2010 wheat crop isseen at 3.5 million tonnes with 92 percent of the harvest completed, about 20 percent below last year's crop, the Ministry of Rural Development said.
|
||
 |
S.Africa weekly white maize exports fall to 9,139 T South Africa exported 9,139 tonnes of white maize last week compared with 30,074 tonnes in the previous week, the South African Grain Information Service (SAGIS) said.
|
||
 |
Weaker 2010 EU rapeseed crop to spur palm, soy imports The European Union is expected to harvest a sharply lower rapeseed crop in 2010, creating tighter supplies for crushing and spurring more imports of other vegetable oils, a top analyst said.
|
||
 |
Euronext wheat opens at new high on Russia drought Benchmark November milling wheat on Euronext surged to a fresh contract high in opening trade on Monday, as crop damage from a drought in major exporter Russia continued to fuel grain markets.
|
||
 |
Russia lobby group cuts grain crop, exports forecast The Russian Grain Union cut its 2010 grain crop forecast to between 72 million and 78 million tonnes from 81.5 million-85 million tonnes as a severe drought continued to advance in key producing regions.
|
||
 |
Study: Rapeseed oil for fuel and cake for feed The Basque Institute for Agricultural Research and Development in Spain — Neiker-Tecnalia — is investigating the use of rapeseed oil for fuel and the storage capacity of remaining cakes.
|
||
 |
Hungarian farm minister meets with Japanese ambassador Hungarian farm minister Sandor Fazekas met with Japan's ambassador to Hungary Ito Teceu (on the photo) to discuss agricultural exports.
|
||
 |
Hun trade surplus EUR 424m in May, little changed Hungary had a EUR 424m trade surplus in May 2010, the Central Statistics Office (KSH) said, revising the surplus down by a slight EUR 5m from a 1st reading on July 9.
|
||
 |
EU approves six GM maize varieties for import The approval on Wednesday of six GM maize varieties by the European Commission for import into the European Union is a further sign that the bloc desires to speed up EU decisions on genetically modified crops.
|
||
 |
Nutreco reports excellent start for 2010 Global animal feed company Nutreco reported excellent results for the first half of 2010 with a strong increase in operating result (EBITA) to € 84 million.
|
||
 |
Hun financial state stable, effect of suspension of IMF talks only temporary, PM Orban says Hungary's present financial position is stable and predictable, and provides a good basis for the government to continue the restructuring and to kickstart economic growth, Prime Minister Viktor Orban said.
|
||
 |
Harvest of cereal crops, rape seed and sowing peas estimated at 5.5m-6.0m tonnes This year's harvest of cereal crops, rape seed and sowing peas is estimated at 5.5m-6.0m tonnes from around 1.79m hectares, state secretary of the Rural Development Ministry Gyorgy Czervan said.
|
||
 |
Banks promise continued finance to Agribusiness IKR Hungarian agribusiness IKR is expected to continue operations after it received written promise from its creditor banks that they will carry on financing the company, CEO Attila Szaxon said.
|
||
 |
Hungary jobless rate drops second time in one year Hungary's average unemployment rate was 11.1 pc in the 15-74 age group in April-June, down from 11.4pc in March-May although still up from 9.6pc a year earlier, the Central Statistics Office (KSH) said.
|
||
 |
Zwack posts falling profit, revenue in Q1 Zwack Unicum recorded declining profit and revenue in the first quarter of its business year, between April 1 and June 30, 2010, compared to the same period of last year, the company reported.
|
||
 |
Hungarian wine maker starts Tokaj deliveries to Costco State-owned wine maker Tokaj Kereskedohaz will start deliveries of Hungary's famous Tokaj dessert wine to Costco, a big US membership warehouse chain, this week, CEO Istvan Kiss said.
|
||
 |
Agribusiness IKR to decide Wed on bankruptcy protection IKR, one of Hungary's biggest agribusinesses, will decide on Wednesday whether to file for bankruptcy protection, CEO Attila Szaxon (on the photo) said.
|
||
 |
Improved disease prevention in animal health could save billions of dollars Governments could save billions of dollars by stepping up the prevention and control of high impact animal diseases, some of which pose a direct threat to human health, FAO said.
|
||
 |
Ciolos: "I want a strong, efficient and balanced CAP for the future" Closing the Conference on the Public Debate on the CAP post-2013, EU Commissioner for Agriculture and Rural Development, Dacian Ciolos stated: "Strengthened by your points of view, your ideas and the analytical ability of my services, I will come forward in November with a Communication from the European Commission on the future of the CAP.
|
||
 |
Urge not to use tannery waste used in poultry feed Environmentalists in Bangladesh have urged the government to take necessary measures to stop the use of tannery waste in poultry feed to avoid health hazards.
|
||
 |
Animal protein feed restrictions to be eased The European Commission (EC) has proposed allowing the use of animal meal to feed fish, chickens and pigs.
|
||
 |
Better control of reproduction in aquaculture's future Fast-growing farm-raised salmon and trout that are sterile can now be produced using a method developed by Agricultural Research Service (ARS) scientists.
|
||
 |
EU hits animal feed firms with EUR 175m cartel fines European competition watchdogs announced 175 million euros in fines for 13 companies which ran an animal feed phosphates cartel for more than three decades.
|
||
 |
Miskolc district heating company inaugurates HUF 500m biogas plant The Hungarian city of Miskolc's district heating company on Wednesday inaugurated a HUF 500m biogas plant.
|
||
 |
Farming minister conducts talks with EU commissioner The Hungarian government is to confirm its intention with the European Union at the end of this month to apply for an extension of the moratorium on land purchases by foreigners by a further three years, Rural Development Minister Sandor Fazekas (on the picture) told EU Commissioner for Internal Market and Services Michel Barnier in Budapest.
|
||
 |
Hungary's priority is to agree with EU, Orban says Hungary's main objective is to strike an agreement with the European Union on its finances, Prime Minister Viktor Orban told a news conference in Budapest.
|
||
 |
Ukraine cuts 10/11 grain export fcast to 16 mln T Ukraine is likely to cut its grainexports in the 2010/11 season to 16 million tonnes from 21.5 million in 2009/10 due to a smaller harvest in 2010, the presidential press service said in a statement.
|
||
 |
Farmers fear lower yields in German wheat harvest German farmers fear a fall in wheat yields from the 2010 harvest of between 10 to 20 percent on the year, their farmers' association DBV said on Thursday.
|
||
 |
Call for tenders for a study on "Support for farmers' cooperatives" The European Commission has launched a call for tenders for a study entitled "Support for farmers' cooperatives".
|
||
 |
Commission to recover € 265.02 million of CAP expenditure from the Member States A total of € 265.02 million of EU farm money unduly spent by Member States is claimed back as a result of a decision adopted by the European Commission.
|
||
 |
Broccoli, tomatoes in landmark patent case Some 300 people demonstrated outside the European Patent Office in Germany as it chewed over a landmark case involving broccoli and tomatoes that campaigners say is of vital importance.
|
||
 |
Spain slaps multimillion-euro fine on food group for fraud Spain fined leading food group Ebro Puleva nearly 30 million euros (38 million dollars) for fraud in the sugar market, the company said.
|
||
 |
S.Africa's maize crop f'cast seen at 13.36 mln T South Africa's sixth maizeoutput forecast by traders for the 2009/10 season is seen at 13.36 million tonnes in July from 13.52 million tonnes in the previous forecast.
|
||
 |
Agribusiness Mezohegyesi expects HUF 600m loss after storm Hungarian agribusiness Mezohegyesi Menesbirtok expects to rack up a HUF 600m loss in 2010 because of a recent storm, CEO Mihaly Kun said.
|
||
 |
Russia 2010 grain sowings down, sunflower, beet up Russia has sown 43.6 millionhectares with grains for the 2010 harvest, down 4.3 million hectares, or 8.9 percent, year-on-year, the Federal State Statistics Service said on Tuesday, quoting preliminary data.
|
||
 |
EU to fine animal feed cartel EU regulators are set to soon fine an animal-feed cartel for illegal price fixing but will lower the penalties as the firms admitted to breaching EU rules, reports state.
|
||
 |
Hungary to host First Sustainable Food Chain World Summit Hungary will host the First Sustainable Food Chain World Summit on August 17-22, Laszlo Buza, president of the European Food Chain Parliament (Foodlawment), which is organising the event, said.
|
||
 |
McHale spends HUF 250m to expand base in Hungary Irish baler and wrapper maker McHale is spending HUF 250m to expand its production base in the Hungarian city of Szolnok, McHale Hungaria managing director said.
|
||
 |
Tradeland facilitates more than USD 10m of trade between Hungary, China Hungarian trade facilitator Tradeland helped its partners generate USD 9m of exports to China last year, the company said.
|
||
 |
IMF, EU; talks to continue - says economy minister Delegations from the International Monetary Fund (IMF) and the European Commission (EC)acknowledged steps Hungary's new government has taken to raise budget revenue and cut budget spending "in the interest of rectifying earlier mistakes", National Economy Minister Gyorgy Matolcsy said.
|
||
 |
EU Commission postpones conclusion of Hungary review to give gov't more time The European Commission said late Saturday it postponed the conclusion of the fifth review mission under the European Union balance of payments assistance to Hungary.
|
||
 |
"Range of issues remain open", IMF says of talks with gov't The International Monetary Fund (IMF) said late Saturday that "a range of issues remains open" in talks with the Hungarian government on a stand-by arrangement approved at the height of the financial crisis in November 2008.
|
||
 |
Analyst cuts Ukraine '10 grain crop fcast 3.6 pct UkrAgroConsult agriculture consultancy cut Ukraine's grain crop forecast for 2010 to 43.52 million tonnes from the previous estimate of 45.15 million.
|
||
 |
Local council of Eger's winemaker goes under liquidation The local council of Eger, in the centre of one of Hungary's most important wine-growing regions, has called a tender for the sale of troubled winemaker Integralt Borgazdasag, the legal successor of Egervin.
|
||
 |
Aufwind starts building biggest biogas plant in Hungary The Hungarian unit of Germany's Aufwind Neue Energien laid the cornerstone of a HUF 3.9bn biogas plant - the country's biggest - in Szarvas (SE Hungary).
|
||
 |
Hot weather boon for Hungarian brewers Hungarian brewers hope the heat wave the country is suffering will lift sales which fell about 9pc in 2009.
|
||
 |
China sees 2010 wheat output at 115 million tonnes China's total wheat output, including winter and spring wheat, is likely to hit 115 million tonnes this year, said Chen Mengshan, spokesman of the ministry of agriculture.
|
||
 |
21 cargos of US corn to China China, the world's second-largest consumer, may have booked about 21 cargoes, or 1.26 million tonnes, from United States, feed mills, officials said. The volume was larger than figures reported by the U.S Department of Agriculture.
|
||
 |
Hungary wheat harvest seen falling to 3.5m-4m tonnes Hungary's wheat harvest is expected to be between 3.5m and 4m tonnes, state secretary in charge of farm affairs at the Rural Development Ministry Gyorgy Czervan said, after a meeting of the national harvest coordination committee.
|
||
 |
Alfoldi Tej expects flat revenue in 2010 Hungarian dairy company Alfoldi Tej Ertekesito es Beszerzo (ATEB) expects this year's revenue to match the HUF 37bn in 2009, managing director Tibor Melykuti said.
|
||
 |
DuPont Receives USDA approval for high oleic soybeans DuPont received confirmation from the United States Department of Agriculture (USDA) that it's Plenish™ high oleic soybean trait has been approved for cultivation in the United States.
|
||
 |
Grain yields lower-than-expected so far Farmers have so far harvested 27pc of the 1.8m hectares of grain grown in Hungary this year, producing average yields of between 5pc and 20pc lower than those expected for all but oats, the Ministry of Rural Development announced, citing data from the Central Agricultural Office.
|
||
 |
EU seeks to clear way for GM crops European countries will have the freedom to ban or plant genetically modified crops under new rules adopted Tuesday to break a deadlock over the use of the controversial foods in Europe.
|
||
 |
Hungary CPI accelerates slightly to 5.3pc in June Hungary's twelve-month consumer price index was 5.3pc in June, picking up slightly from 5.1pc in May, data published by the Central Statistics Office (KSH).
|
||
 |
Magyar Cukor makes HUF 650m of investments Magyar Cukor, owned by Austria's Agrana, is making investments and renovations worth more than HUF 650m before this year's refining campaign, deputy-CEO Laszlo Hajos said.
|
||
 |
Hungary's vineyards shrink Hungary's vintners grew grapes on 83,555 hectares of vineyards in Hungary in 2009, 9pc less area than in 2001, fresh data from the Central Statistics Office (KSH) shows.
|
||
 |
Hungarian farm gate prices drop 0.6pc in May Farm gate prices in Hungary fell just 0.6pc yr/yr in May after falling 5.7pc in the previous month. Crop prices dropped 0.1pc and livestock and animal product prices were down 1.6pc from May 2009, the Central Statistics Office (KSH) reported.
|
||
 |
Gov't applies for HUF 200bn advance on EU farming subsidies The Ministry for Rural Development (VM) has submitted to the European Commission its application for advance payments on the single area payment scheme (SAPS) subsidies as well as the special dairy producers' subsidies, the ministry said.
|
||
 |
New generation of Sustainable Pegasus® Mixers The twin-shaft Pegasus® Mixer has established its reputation as a veritable workhorse in the product range supplied by Dinnissen Process Technology.
|
||
 |
Hog farm makes HUF 930m investment Pankota-Korogy announced that the company had completed a HUF 930m investment to modernize its hog farm in Fabiansebestyen (SE Hungary).
|
||
 |
DSM to invest in premix facilities in China DSM Nutritional Products has increased its investments in China by inaugurating its fourth premix plant in ChangChun city, Jilin province, with an operating capacity of 15,000 MT.
|
||
 |
Euro-MPs call for ban on food from cloned animals Euro-MPs renewed their appeal for a ban on food from cloned animals when they voted on novel foods legislation. They also demanded a moratorium on foods using nanotechnology until potential health risks can be ruled out.
|
||
 |
OTP's profitability can take banking tax, Csanyi says OTP Bank is not pleased with the banking tax, but the bank's profitability can bear the special tax and it will not have to restrain its lending operations either in the coming years, OTP Bank's President-CEO Sandor Csanyi said.
|
||
 |
€ 30 million EU support for the promotion of agricultural products The European Commission has approved 19 programmes in 14 Member States to provide information on and to promote agricultural products in the European Union.
|
||
 |
Europe bans illegal timber to protect forests The European Union banned on Wednesday illegally-harvested timber in a bid to protect forests from the Amazon to Asia, fight climate change and ensure that furniture comes from legal wood products.
|
||
 |
Wheat harvest to be 40pc lower in 2010 This year's grain harvest is expected to be significantly lower than average in Hungary, with the country's wheat harvest down 40pc compared to the average, Gergely Domjan, deputy president of the Hungarian farmers association MAGOSZ, said.
|
||
 |
CAP: Call for tenders for a project on feed consumption in the EU The European Commission has launched a call for tenders for a project entitled "Modelling the on-farm component of feed consumption in the European Union" (FeedMod2).
|
||
 |
Hun industrial output growth accelerated to 13.7pc yr/yr Hungary's industrial output rose 13.7pc according to both unadjusted and a workday-adjusted figures in the twelve months to the end of May, the Central Statistics Office (KSH) said.
|
||
 |
Allianz Bank suspends euro-based mortgages Allianz Bank, the Hungarian unit of German financial-services company Allianz, on July 2 suspended receipt of new applications for euro-based mortgages, Allianz Bank said.
|
||
 |
Gov't introduces National Land Fund bill The government introduced a bill setting up a National Land Fund to Hungary's Parliament.
|
||
 |
Linamar owner purchases 2.47m company shares at private auction Canada's Linamar Corporation purchased 2,469,728 shares in the Hungarian company at a price of HUF 2,570 per share at a private auction on July 2, the two companies involved in the transaction announced.
|
||
 |
European Commission approves Hungarian short-term export credit insurance scheme The European Commission (EC) said that it had authorised, under EU State aid rules, a measure adopted by Hungary to limit the adverse impact of the current financial crisis on exporting firms.
|
||
 |
Chinese feed group favours DDGS When China-based Shandong Zhonghui Group Corporation began importing US distiller’s dried grains with solubles (DDGS) two years ago, they set in motion a series of actions for what has become an astonishing success story of marketing DDGS overseas.
|
||
 |
Finland supports Hungary bid to extend moratorium on farmland purchases by foreigners Finland supports Hungary's bid to extend its moratorium on purchases of farmland by foreigners, rural development minister Sandor Fazekas said after a meeting with his Finnish counterpart Sirkka Liisa Anttila (on the picture) in Budapest.
|
||
 |
Szentkiralyi inaugurates HUF 500m warehouse at bottling plant Hungarian-owned mineral water bottler Szentkiralyi Asvanyviz inaugurated a HUF 500m logistics centre at its base in Szentkiraly, south of Budapest.
|
||
 |
EU again in deadlock over GM maize imports Despite a warning that inaction could lead to a shortage of animal feed European Union agricultural ministers failed to agree this week to approve six genetically modified maize varieties for import to the Union.
|
||
 |
Linamar aims to buy out Hun unit in private auction Farm machinery maker and automotive industry supplier Linamar Hungary said its majority owner, Canada's Linamar Corporation, would hold a private auction to buy 2,552,500 of its shares at a maximum price of HUF 2,570 on July 2.
|
||
 |
Hungary producer prices rise 3.8pc from previous month in May Hungary's industrial producer prices rose 3.8pc in May from the previous month, increasing 5.5pc from one year earlier, the Central Statistics Office (KSH) said.
|
||
 |
Banks to pay HUF 120bn, insurers HUF 36bn of extraordinary tax The government expects banks to pay HUF 120bn, insurers HUF 36bn and other financial sector companies HUF 30bn of an extraordinary tax to be levied on the sector this year, National Economy Ministry Gyorgy Matolcsy said after a cabinet meeting.
|
||
 |
Hungary has prelim EUR 344m c/a surplus, EUR 793m financing capacity in Q1 Hungary posted a current account surplus of EUR 344m in Q1 2010, smaller than the EUR 446m in Q4 last year.
|
||
 |
VIV China reflects growth perspectives The 'Grand International Edition' of VIV China will be held in Beijing from September 6-8, 2010.
|
||
 |
Zwack Unicum projects slightly lower profit, sales Zwack Unicum, Hungary's best known spirits maker, expects revenue and profit in its business year started April 1 to fall slightly from the previous year.
|
||
 |
Farm association sees wheat harvest falling to 4m tonnes in 2010 Hungary's wheat harvest is likely to reach about 4m tonnes in 2010, Istvan Toth, head of farm association MOSZ, said.
|
||
 |
Pick Szeged sees revenue falling 10pc in 2010 Pick Szeged expects its revenue to fall 10pc in 2010 from last year's HUF 64bn, CEO Laszlo Kovacs told.
|
||
 |
Hungary jobless rate drops for first time in one year Hungary's average unemployment rate was 11.4pc in the 15-74 age group in March-May, down from 11.8pc in February-April although still up from 9.8pc a year earlier, the Central Statistics Office (KSH) said.
|
||
 |
Russian grain prices decline ahead of new crop Russian grain prices fell last week from a week earlier, especially in the regions where harvesting had begun, analysts said, although drought fears pushed up prices in some areas.
|
||
 |
Netherlands: completely ban antibiotics in animal feed The Dutch organisation for the animal feed industry (Nevedi) would like to stop the use of antibiotics in feed as soon as possible, in cooperation with livestock producers and veterinarians.
|
||
 |
Food prices in Hungary 79pc of EU average Food prices in Hungary, at purchasing power parity and adjusted for exchange rates, were 79pc of the average for the EU-27 in 2009, a report published by Eurostat.
|
||
 |
Nemzetkozi Vegyepszer again contests M3 decision Hungary's Public Procurement Arbitration Board (KDB) has rejected a request by construction company Nemzetkozi Vegyepszer to invalidate again a decision awarding a contract for a motorway stretch, the Public Procurement Council said on its website.
|
||
 |
Storm causes forestry company HUF 875m of damages A storm on June 14 has caused state-owned forestry company Nyirerdo Nyirsegi Erdeszeti damages of about HUF 875m, far more than earlier estimated, CEO Lajos Kaknics said.
|
||
 |
World wheat harvest: who has the best guess? The International Grains Council has stepped out of line with other forecasters and raised its estimate for the world wheat crop, despite the wet weather forcing Canadian farmers to abandon millions of acres.
|
||
 |
Nutreco Holding N.V. becomes Nutreco N.V. With effect of Thursday 1 July 2010 the name Nutreco Holding N.V. will be changed into Nutreco N.V. The main reason for this is the wish to present Nutreco as one company with direct involvement in its animal nutrition and fish feed business.
|
||
 |
V4 farm ministers discuss CAP in Hungary Farm ministers of the Visegrad Four plus Bulgaria, Romania and Slovenia discussed the future of the EU's Common Agricultural Policy (CAP) and Hungary's preparations for its 2011 EU presidency at a meeting.
|
||
 |
Revenue of state-owned wineseller falls about 10pc in 2009 Revenue of state-owned wineseller Tokaj Kereskedohaz fell about 10pc to HUF 3.2bn in 2009, but the company still broke even, CEO Istvan Kiss said.
|
||
 |
Hungarian food-processors association lodges complaint against large chains The Federation of Hungarian Food Industries has filed complaints with the Agricultural Administration Office (MGSZH) against retail chains Tesco, Spar and CBA for alleged abuse of market power, citing breaches of legislation defending suppliers passed last year.
|
||
 |
The Quatar Airways is now coming to Hungary Qatar Airways is launching a flight to Budapest. The renowned five-star airline will fly four times a week between Budapest and Doha, the capital of Qatar, from January 2011.
|
||
 |
European Commission extends bank recapitalisation scheme in Hungary The European Commission said it approved a six-month extension until the end of the year of a Hungarian recapitalisation scheme for credit institutions.
|
||
 |
Toepfer expects rise in German 2010 wheat crop Germany's 2010 wheat crop of all types is likely to rise to between 25.3 million tonnes and 25.8 million tonnes, up from 25.2 million in 2009, Germany's largest grain trading house Toepfer International said.
|
||
 |
USDA looks for ways to boost ethanol blender pumps The Agriculture Department is exploring ways to encourage installation of blender pumps as a step toward greater U.S. biofuel use, said Agriculture Secretary Tom Vilsack.
|
||
 |
Spar Hungary meat plant gets ISO 22000 certificate Spar Husuzem, Spar Magyarorszag's meat plant located in Bicske (Central Hungary) has received a ISO 22000 certificate, the company announced.
|
||
 |
Guatemalan agriculture needs 47 mln USD aid Guatemala's Agriculture Minister Juan Alfonso De Leon said the nation's farmers need 372 million quetzals (around 47 million dollars) in aid to rebuild after last month's Tropical Storm Agatha, news reaching here reported.
|
||
 |
AgBank's 11 investors take $5.45 bln of HK IPO-sources The Agricultural Bank of Chinahas finalised its list of 11 cornerstone investors for the Hong Kong portion of its IPO, with the group agreeing to commit $5.45 billion.
|
||
 |
Japan, EU stake out positions at whaling meet Japan and the European Union staked out opposing positions on commercial whaling at the start of global talks here, underscoring how hard it will be to hammer out a compromise deal.
|
||
 |
Estonia urges EU to create customs-free Baltic Sea zone European Union members on the Baltic Sea should drop customs controls among themselves to create a trade-boosting maritime zone, Estonian Foreign Minister Urmas Paet said.
|
||
 |
India hopes to complete trade talks with EU India hopes to conclude a free-trade agreement with the European Union this year, Indian Trade Minister Anand Sharma said during a visit to Spain.
|
||
 |
Europe's wealth gap laid bare Europe's wealth gap was laid bare on Monday in new data showing that Luxemburgers have on average seven times greater purchasing power than fellow EU members Bulgaria.
|
||
 |
Akzo Nobel sells starches arm for $1.3 billion Dutch paintmaker Akzo Nobel NV said it has agreed to sell its starches arm to U.S.-based Corn Products International for around $1.3 billion.
|
||
 |
Qatar IA to invest US$2.8 bln in AgBank HK IPO Qatar Investment Authority (IA) and Kuwait IA are the biggest cornerstone investors in the Hong Kong portion of the US$20 billion-US$30 billion initial public offering by Agricultural Bank of China Ltd.
|
||
 |
Brussels awards Gyulai, Csabai salami "origin" status The European Commission granted "protected designation of origin" status to salami made in the Hungarian cities of Gyula and Bekescsaba.
|
||
 |
Saudi GSFMO paid avge $228/T C&F for big wheat buy Saudi Arabia's grains authority said it paid an average of $228 per tonne, cost and freight included, for its latest wheat purchase, which was for 990,000 tonnes - one of the biggest wheat tenders this year.
|
||
 |
Russian grain prices stable ahead of the new crop Average Russian grain priceswere stable last week on lower demand as many traders were preparing to buy new crop grain, analysts said.
|
||
 |
EU unlikely to approve Hun plan to eliminate of distillation tax The European Commission is unlikely to approve the Fidesz-led government's proposed termination of the excise tax currently imposed on the distillation of palinka, Hungary's eau de vie, the business daily Napi Gazdasag wrote.
|
||
 |
Obstacles for horse feed imports at World Equestrian Games One of the behind-the-scenes elements to a mass influx of international equines for the 2010 Alltech FEI World Equestrian Games is the regulation of imported horse feed.
|
||
 |
Danone to merge Russia operations with local dairy France's Danone has announced an agreement to merge its operations in Russia and other countries of the former Soviet Union with a large Russian dairy.
|
||
 |
Costco Pushes For New Rules On Liquor Costco Wholesale Corp., eager to sell alcohol as freely as it does toilet paper, is backing an effort to shake up liquor distribution laws in its home state of Washington.
|
||
 |
Hungary gross wage growth slows down to 1.1pc yr/yr in April Twelve-month gross wage growth in Hungary slowed down to 1.1pc yr/yr in April from 9.4pc yr/yr rise in March, the Central Statistics Office (KSH) said.
|
||
 |
Rain, cold mean late melon season for Hungary Heavy rain and unseasonably cold temperatures in May have pushed Hungary's melon season back about three weeks compared to last year, Hungarian Melon Association head Gyorgy Simonka said.
|
||
 |
Könnyíti az EU az amerikai GM rizs importot Az Európai Bizottság hatályon kívül helyezte azt a 2006-os határozatát, amely megfelelő okmányokhoz kötötte az amerikai rizs behozatalát.
|
||
 |
Chicago wheat extends gains on wet weather in Canada, soybean drops Chicago wheat extends gains on wet weather in Canada, soybean drops and corn climbs
|
||
 |
Laszlo Baranyay appointed as CEO of Hungarian Development Bank National Development Minister Tamas Fellegi appointed Laszlo Baranyay to serve as president and CEO of the state-owned development bank MFB on Thursday, the ministry said.
|
||
 |
AgBank signs investors, as MidEast eyes $2 bln stake Agricultural Bank of China hasreached an agreement with a group of seven investors ahead of its massive initial public share offering, sources said on Friday, with two funds from the Middle East considering a stake that could exceed $2 billion.
|
||
 |
Coarse limestone – better eggs Limestone particles need to have a certain size to have effects on laying performance and egg shell strength in laying hens recent research at the Institute of Animal Science in Czech Republic reveiled.
|
||
 |
Alpha-Vet revenue climbs 18pc; expansion continues Revenue of veterinary drugs company Alpha-Vet climbed 18pc to HUF 9.8bn in 2009, but pre-tax profit slipped 27pc to HUF 350m because of economic conditions, business director Jozsef Malits said.
|
||
 |
Harcon wins USD 6.5m contract in Yemen Hungarian construction company Harcon has won a USD 6.5m contract for oil industry work in Yemen, deputy-CEO Jozsef Ugrin said.
|
||
 |
Hazardous classification DDGS hampers export The United States has transmitted a proposal to the International Maritime Organization (IMO), a United Nations body that establishes international shipping rules, regarding the shipping classification of distiller’s dried grains with solubles (DDGS).
|
||
 |
Tiny oats market suddenly hottest grain globally Usually sleepy oats futures have staged a ferocious rally in the latest week, for their biggest price jump in nearly a decade, as worries have mounted about a short crop in Canada, the largest supplier of US oat imports, Reuters reports.
|
||
 |
What said the Ministry of Finance of Hellenic Republic to AGRARHASZON.HU? Following the European Commission’s report “Public Finances in EMU 2010” published on June 16 2010, the Greek Ministry of Finance notes - told the Ministry of Finance of Hellenic Republic on Wendesday to AGRARHASZON.HU.
|
||
 |
Hungary wheat harvest seen falling to 4m tonnes in 2010 This year's wheat harvest is expected to fall to around 4m tonnes because of flooding and standing water, Zoltan Bedo (on the photo), head of the Hungarian Academy of Sciences' Institute for Agricultural Research said.
|
||
 |
Hungarian farm gate prices drop 5.7pc yr/yr in April Farm gate prices in Hungary fell 5.7pc yr/yr in April after falling 4.1pc in the previous month. Crop prices dropped 6.0pc and livestock and animal product prices were down 5.3pc from April 2009, the Central Statistics Office (KSH) reported.
|
||
 |
Hungary acacia honey crop to fall as much as three-fourths because of rain Hungary's beekeepers expect this year's crop of acacia honey to be just one-third or one-fourth of last year's because of heavy rain, Peter Bross, who heads beekeepers association OMME said.
|
||
 |
Garantiqa has HUF 1.1bn profit in Q1 Garantiqa Hitelgarancia, a guarantor of loans for SMEs owned by the state and credit institutions, had profit of HUF 1.1bn in the first quarter, data on the company's website show.
|
||
 |
Rural Credit Guarantee Foundation provides 6pc less in guarantees in 2009 Rural Credit Guarantee Foundation (AVHGA) provided guarantees on loans of HUF 57.1bn last year, down 6pc from the previous year, managing director Aniko Ulrich said.
|
||
 |
MKB Bank board decides on HUF 20bn Hungary's MKB Bank said Monday its board decided to raise the bank's registered capital by HUF 1.27bn to HUF 16.04bn in a private placement between June 9 and June 24.
|
||
 |
New gov't finds HUF 230bn discrepancy in 2010 budget A fact-finding commission has found a HUF 230bn discrepancy in a review of the 2010 budget, Mihaly Varga (on the photo), state secretary at the Prime Minister's Office and the head of the commission established to determine the country's true fiscal situation, said at an extraordinary cabinet meeting.
|
||
 |
Put more nitrogen into milk, not manure The more efficient dairy farmers are in managing nitrogen, the more milk their cows will produce and the less nitrogen will be wasted in manure and urine, according a study by US Agricultural Research Service (ARS) scientists and cooperators.
|
||
 |
Ridley rules out split up Ridley managing director John Murray has ruled out splitting up his company's agrifeed products and salt businesses in the short term, despite a number of demerger plans by listed agri companies in the past month.
|
||
 |
Gov't sacks National Development Agency head National Development Minister Tamas Fellegi has sacked National Development Agency head Marton Vagi (on the picture), the ministry said.
|
||
 |
Creditor initiates liquidation procedure against national daily Magyar Kozlonykiado has initiated a liquidation procedure against the national daily Nepszava, Kozlonykiado said.
|
||
 |
Ukraine wants apologies for dioxine scandal Ukraine will insist that Germany apologizes for the scandal over alleged contamination of Ukrainian corn with dioxin. The exporter company does not rule out filing a claim for compensation for libel.
|
||
 |
Storms hurt Hungary's forestry industry Recent storms have felled trees with 400,000-500,000 cubic metres of wood, or nearly 10pc of the country's annual wood output of 6m-7m cubic metres, Tamas Ali (on the photo), deputy head of the Forestry Directorate of the Hungarian Farm Office, said.
|
||
 |
Borsodi Brewery makes HUF 4.3bn profit in 2009 Hungary's Borsodi Brewery had pre-tax profit of HUF 4.3bn in 2009, a big improvement over a HUF 1bn loss in 2008, communications director Ildiko Stefankovits (on the photo) said.
|
||
 |
Heavy rain could cause grain growers HUF 10bn-20bn in damages Heavy rain in recent weeks could cause Hungary's grain growers HUF 10bn-20bn in damages, farm association MOSZ head Istvan Toth (on the photo) said.
|
||
 |
KSH to carry out farm census Hungary's Central Statistics Office (KSH) is carrying out a census of households active in the agriculture centre in June, KSH said.
|
||
 |
Fruit and vegetable sector projects 30-40pc harvest loss Hungary's fruit and vegetable sector is expected to suffer an average 30-40pc loss of harvest this year, which is likely to push prices up, Fruit and Vegetable Growers Association and Product Council director Bela Martonffy said.
|
||
 |
Savings cooperatives total assets climb 3pc in 2009 Members of the National Association of Savings Cooperatives (OTSZ) had total assets of HUF 1,395.8bn at the end of 2009, about 3pc more than twelve months earlier, OTSZ managing director Antal Varga (on the photo) said.
|
||
 |
NBH predicts inflation of next year The National Bank of Hungary (NBH) predicts that Hungary's inflation rate will rise from 3.8pc in the third quarter of 2010 to 4.1pc in the fourth quarter of the year before dropping to 3.4pc in the first quarter of 2011 and 3.0pc in the second quarter of next year.
|
||
 |
Kenyan tea prices, volumes stable The average price of Kenya's top grade Broken Pekoe Ones tea held steady at $3.61 per kg at this week's sale from $3.62 per kg last week, traders said.
|
||
 |
Demjan dubs bank Granit Bank Hungarian financial market watchdog said it approved a request to change the name of Milton Bank, which was recently acquired by Magyar Toketarsasag (Hungarian Capital Company), a company established by Hungarian real estate magnate Sandor Demjan (on the photo) to help the country's SMEs recover from the crisis, to Granit Bank.
|
||
 |
Egypt tenders for 20 000 tonnes soyoil, 20 000 tonnes sunoil Egyptian company Meditrade has issued an international tender to purchase 15 000 to 20 000 tonnes of soyoil and 15,000 to 20 000 tonnes of sunflower oil, European traders said.
|
||
 |
Ukraine '10 wheat crop to fall 15 pct due to weather Ukraine's 2010 wheat crop may fall 15 percent compared to 20.9 million in 2009 due to a winter wheat losses, Ukraine's Deputy Prime Minister Viktor Slauta (on the photo) said.
|
||
 |
S.Africa maize deliveries rise to 461 000 tonnes Maize deliveries to South African silos rose to 461 000 tonnes in the week to May 21, up from 247 000 tonnes in the week before, data showed.
|
||
 |
Varga says 2010 deficit could reach 7-7.5pc of GDP Hungary's general government deficit could reach 7-7.5pc of GDP in 2010, Mihaly Varga, who is heading a review of the country's financial position for the new government, said in an interview with Hungarian public television.
|
||
 |
Feedmill violated GMP regulations for medicated feed Animal feed that was produced by Templeton Feed & Grain Inc., a medicated feed mill in Templeton, California, USA, is unsafe and adulterated, according to the US Food and Drug Administration (FDA).
|
||
 |
Book review: The Feeds Directory Despite the fact that most information is now digitally available The Feeds Directory – Commodity Products Guide by Dr. Wesley Ewing is a must-have for feed professionals that need up to date information on feed ingredients.
|
||
 |
Massive soy imports for China expected China, the largest soybean consumer, may import more than a forecasted 46 million metric tonnes of the oilseeds this year on increased demand for vegetable oil and animal feed and amid plunging soybean oil shipments, Bloomberg writes.
|
||
 |
Hungarian company heads meet with potential Uzbek partners Representatives of Hungarian companies met with potential Uzbek partners at a three-day forum in Tashkent, Hungary's ambassador to Russia Gyorgy Gilyan (on the photo) said.
|
||
 |
BASF increases price for vitamin E Ludwigshafen, Germany based chemical company BASF is to increase increases the price for vitamin E for feed applications.
|
||
 |
Zwack Unicum profits fall 25pc as margin narrows Zwack Unicum, Hungary's best known spirits maker, had after-tax profit of HUF 2.31bn in its business year ended March 31, down 24.7pc from the 2008/2009 business year as gross margin narrowed.
|
||
 |
Horrible: Hungary unemployment rate unchanged at 11.8pc in February-April Hungary's average unemployment rate was 11.8pc in the 15-74 age group in February-April, unchanged from January-March and up from 9.9pc a year earlier, the Central Statistics Office (KSH) said.
|
||
 |
Land broker says demand for large parcels high, supply of small parcels low in Hungary There is significant demand for land parcels of between 30 and 40 hectares in Hungary, though the country's supply of land is concentrated in small parcels, director Zoltan Fur of online land broker Foldbroker.hu said.
|
||
 |
Vietnamese dairy farmers barely can stay in business Dairy cow business is not profitable in Vietnam. Dairy farmers farms in HCM City voiced the this complaint during a meeting with the HCM City Agriculture and Rural Development Department recently.
|
||
 |
New layer feed products from Schaumann German mineral feed ingredient specialist is introducing a feed supplement that improves shell quality and health of laying hens, especially aimed at home mixing farms.
|
||
 |
Private and venture capital investments halve in 2009 Private and venture capital firms invested in twelve Hungarian companies in 2009, only half of the number recorded in 2008, while only one-tenth of Hungarian medium-sized companies are suitable for private capital investments, Riverside Magyarorszag said.
|
||
 |
Wind farm to be built in northwest Hungary Hungarian wind-power company Pannon Szeleromu will build a seven-turbine wind farm near Babolna (NW Hungary) this summer, the regional newspaper 24 Ora reported.
|
||
 |
Mercosur trade deal will hurt EU farmers -union A trade deal proposed by European Union leaders with South America's Mercosur bloc will boost Europe's exports of goods and services but will squeeze many of its farmers out of business, a major Spanish farm union said last week.
|
||
 |
Matolcsy says further rate cuts justified and necessary Real economic trends in Hungary would justify a central bank base rate of 4.50pc, Gyorgy Matolcsy, the Fidesz-KDNP alliance's candidate for economy minister, told Parliament's budget committee.
|
||
 |
Linamar Hungary profits plunge as revenue falls, margins narrow Linamar Hungary, the automotive and machinery unit of Canada's Linamar, had net income of HUF 88m in Q1, down 77pc from the same period a year earlier as revenue fell and margins narrowed, the company's consolidated IFRS report published.
|
||
 |
Africa: 53 countries, One Union What said Andris Piebalgs, European Commissioner responsible for development about Africa? Here you read!
|
||
 |
Central American feedmillers learn about grain quality The United States Grains Council hosted 21 representatives from the Central American feed industry to attend a course in quality control offered by the International Grains Programme at Kansas State University.
|
||
 |
Multi million fishfeed deal for BioMar The world’s largest fish farming company, Marine Harvest, has extended their co-operation with feed company BioMar and signed a contract for the delivery of fish feed over several years.
|
||
 |
African's company: the Astral Foods South African poultry and feeds integrator Astral Foods looks set for a strong second half, after a confident 12% hike in the interim dividend for the period ending March 2010.
|
||
 |
Erste Bank to keep offering euro-based loans Erste Bank will keep offering euro-based loans in Hungary, deputy CEO in charge of the retail division Imre Sztano said.
|
||
 |
K and H Group profit down 5.2pc yr/yr in first quarter Hungary's K and H Bank Group posted consolidated post-tax profit of HUF 5.6bn (EUR 19.86m) in the first quarter of 2010, down 5.2pc from Q1 of 2009, K and H Group CEO Hendrik Scheerlinck (on the photo) announced, citing the bank's first-quarter IFRS report.
|
||
 |
Matolcsy says gov't involvement not needed in conversion of forex loans There is no need for a financial involvement of the central budget in assisting the troubled foreign-currency borrowers, Minister of National Economy-designate Gyorgy Matolcsy said on a television program.
|
||
 |
HVG to take over Hirszerzo news portal The business weekly HVG will take over the news portal site Hirszerzo, HVG Kiado said. HVG Online and news-portal owner Krisztian Szabados (on the photo) have reached a preliminary agreement on HVG's acquisition of Hirszerzo.
|
||
 |
Hungary's new gov't to submit economic bills to parliament in mid-June Prime Minister-designate Viktor Orban said on Wednesday that Hungary's new Fidesz-controlled government to be inaugurated at the end of May will submit its first important economic bills to parliament in the middle of June.
|
||
 |
OTP Bank improves profitability in Q1 OTP Bank increased its profitability in Q1, while sustaining its conservative risk-provision policy, increasing the coverage for bad loans and improving its capital-adequacy ratio, OTP Bank Deputy-CEO Laszlo Bencsik (on the photo) commented following the publication of the bank's first-quarter IFRS report.
|
||
 |
Employment in the agriculture sector down by 25% Between 2000 and 2009, employment in the agricultural sector in the EU27 decreased by 25%, the equivalent of 3.7 million full-time jobs, according to a new report published by EUROSTAT. It fell by 17% in the EU15 and by 31% in the 12 New Member States (NMS).
|
||
 |
EU charts path to sustainable fishing in 2011 The European Commission wants to haul EU fishing limits back to sustainable levels in 2011, in line with recommendations made by science experts. The Commission published its report launching discussions on fishing opportunities in EU waters in 2011.
|
||
 |
EU, Central America reach first ever free trade deal Central American countries and the European Union reached agreement on Tuesday on the first ever free trade deal between the two regions, they announced in a joint statement.
|
||
 |
Eurozone official inflation rises to 1.5 per cent in April Twelve-month inflation rose to 1.5 percent in April across the 16 countries which share the euro currency, up from 1.4 percent in March, confirmed official figures.
|
||
 |
Eurozone trade surplus increases: Eurostat The 16-nation eurozone's trade surplus with the rest of the world soared to 4.5 billion euros (5.5 billion dollars) in March, boosted by the weakness of the euro, showed official figures.
|
||
 |
US gets a foothold on Chinese corn market China made it second purchase of US corn in as many weeks. Further purchases are expected in the near future.
|
||
 |
Hajduboszormenyi Mezogazdasagi completes HUF 807m farm renovation Hajduboszormenyi Mezogazdasagi has completed a HUF 807m (EUR 2.91m) renovation of its cattle and hog farms supported with a HUF 407m European Union grant, CEO Zoltan Erdelyi said.
|
||
 |
Aova Technologies expands into Chinese feed additive market Aova Technologies Inc., a Madison biotechnology company that makes animal feed additives, has formed a joint venture with J&Y World Solutions LLC of Arizona that will exclusively sell and distribute Aova’s patented BIG product line for animals in China.
|
||
 |
German feed makers predict higher prices The German feed industry (DVT) has announced higher prices on the short term for compound feeds due to a shortage in oil cakes on the market.
|
||
 |
Asian workshops on bacteria control in poultry “Maintaining the intestinal integrity and improving broiler and breeder performance through effective control of Salmonella and other Enterobacteria” is the title of a workshop to be held in Thailand, Indonesia and the Philippines.
|
||
 |
Lonza to build vitamin B3 plant in China Swiss ingredients manufacturer Lonza has decided to locate its new vitamin B3 manufacturing site at Nansha, its leading high-tech life science plant in China.
|
||
 |
Hungary food sector output declines 1pc in 2009 Output of Hungary's food sector fell 1pc in 2009 as domestic sales dropped 3pc, but export sales rose 5pc, data from the National Association of Food Processors (EFOSZ).
|
||
 |
Hungarian farm gate prices drop in March, Q1 terms of trade improve Farm gate prices in Hungary fell 4.1pc yr/yr in March after rising in the previous two months. Crop prices fell 5.4pc and livestock and animal product prices fell 1.9pc from March 2009, the Central Statistics Office (KSH) reported. Terms of trade in agriculture improved in Q1 from a year earlier.
|
||
 |
New gov't to introduce preferential tax-bracket to curb illegal employment Hungary's Fidesz-controlled government to be inaugurated on May 28 plans to introduce preferential tax brackets for sectors of the economy such as agriculture, tourism, construction and the hospitality industry in order to curb illegal employment, Minister of Economy-designate Gyorgy Matolcsy told the online business-news portal FigyeloNet.hu in an interview published.
|
||
 |
EU restricts imports of plants from China The European Union has decided to impose stricter measures for the import from China of plants hosting the harmful citrus long horn beetle, an insect that is not native to Europe and can attack a wide range of plants, such as maple, citrus and apple trees as well as birches, beeches, and willows.
|
||
 |
Eurozone growth hits 0.2 per cent in first quarter The eurozone economy posted growth of 0.2 percent in the first quarter of 2010 compared to flatlined figures over the previous three months, the European Union said.
|
||
 |
Win iPad on fibre digestibility website Lallemand launches mini-website focused on fibre digestibility in dairy cows diet. For promotion visitors can win an iPad.
|
||
 |
CODA-CERVA to study problem of Fusarium mycotoxins The CODA-CERVA (Veterinary and Agrochemical Research Centre) in Belgium initiated a new project to study the presence of Fusarium mycotoxins and animal and human carry over. The project – called Mycotoxpluim – will run till January 2012.
|
||
 |
BASF increases prices for vitamin B2 BASF globally increases the price for vitamin B2 products for human and animal nutrition by 10% as of May 10, 2010, respectively in line with existing commitments.
|
||
 |
Fenchem to double European turnover Based in Nanjing, China and with an office in Chino, California, USA, Fenchem is aiming to supply better services for central Europe customers and double turnover with the opening of its new office in Ostrava Vitkovice, Czech Republic.
|
||
 |
McDonald's Magyarorszag revenue slips 3pc to HUF 37.4bn Revenue of McDonald's fast-food restaurants in Hungary fell 3.3pc to HUF 37.4bn in 2009, McDonald's Magyarorszagi Etterem Halozat said.
|
||
 |
Budafok to start HUF 338m of wine tourism investments The Hungarian city of Budafok is undertaking European Union-supported investments worth a combined HUF 338m to boost wine tourism, the National Development Agency said.
|
||
 |
Fidesz gov't to introduce family taxation in 2011 Hungary's new Fidesz-controlled government will introduce tax breaks for families with dependent children beginning in 2011, Minister of National Economy-designate Gyorgy Matolcsy said on a television program on Sunday evening.
|
||
 |
Hungary trade surplus widens to EUR 653m in March Hungary had a EUR 653m trade surplus in March 2010, well up from a EUR 373m trade surplus in February and a EUR 486m surplus a year earlier, the Central Statistics Office said in a first reading.
|
||
 |
Gebruder Weiss plans new base in Hungary Austrian logistics company Gebruder Weiss wants to establish a new base in the Hungarian city of Mosonmagyarovar in 2011, board member Heinz Senger-Weiss (on the photo right) said.
|
||
 |
Supreme Court upholds decision to fine BAT for illegal promotions Hungary's Supreme Court has upheld a decision by the Municipal Court of Budapest backing a resolution by the National Consumer Protection Agency (NFH) fining British American Tobacco (BAT) HUF 300m for illegal promotion of their products, SmokeBusters said.
|
||
 |
Hungary's new government to abolish or merge 12-16 tax categories Hungary's new Fidesz-controlled government will either eliminate or consolidate 12-16 of the current 52 tax categories as part of its three-year tax-reduction program scheduled to begin on July 1, Minister of National Economy-designate Gyorgy Matolcsy said on a television program.
|
||
 |
Hungarian mineral water bottler enters Chinese market Hungarian mineral water bottler Ave is ready to enter the Chinese market after acquiring all of the necessary permits, sales director Bela Nagy said.
|
||
 |
Hypo Alpe-Adria-Bank to withdraw from Hungary The nationalised Hypo Bank will withdraw from Hungary as well as several other countries, head of the Austrian financial group Gottwald Kranebitter (on the photo) told of the Austrian NEWS magazine.
|
||
 |
Sandor Demjan remains Hungary's richest man Construction magnate Sandor Demjan (on the photo) again topped business daily Napi Gazdasag's annual list of the 100 richest Hungarians in 2010 with estimated wealth of HUF 150bn (EUR 536.92m) in 2010, up from HUF 140bn in 2009, Napi Gazdasag reported in a special supplement.
|
||
 |
New gov't to cut taxes by one-third over three years Hungary's new government intends to cut taxes by one-third over the coming three years, Gyorgy Matolcsy, who will head the economy ministry, said in a radio programme.
|
||
 |
Martonyi: Hungary still eager to introduce euro Hungary's new government will be strongly committed to introduction of the euro regardless of the recent turbulence in the eurozone, Foreign Minister-designate Janos Martonyi said.
|
||
 |
NBH chairman says oath requires him to complete six-year term National Bank of Hungary (NBH) Chairman Andras Simor (on the photo) said that the oath-of-office he took from President Laszlo Solyom in 2007 requires him to complete his six-year term.
|
||
 |
You do what you have to do - Letter of the Alltech's president Our first visit to Haiti was shortly after the earthquake. What a country! It is a country where nothing seems to work and nobody seems to care. It is a country with a history of disastrous leaders, one after the other...
|
||
 |
ITD Hungary named region's best investment agency The Hungarian Investment and Trade Development Agency (ITD Hungary) has been picked the best investment agency of 2010 in Central and Eastern Europe by US publication Site Selection Magazine, ITD Hungary said.
|
||
 |
Hungary February trade surplus EUR 373m Hungary had a EUR 373m trade surplus in February 2010, up from a January surplus of EUR 290m and a EUR 296m surplus a year earlier, and down a slight EUR 1m from the first reading, the Central Statistics Office said.
|
||
 |
Heineken Hungaria sees premium products lifting revenue 4-5pc Brewer Heineken Hungaria targets revenue growth of 4-5pc in 2010 after an increase of under 1pc in 2009, CEO Michiel Egeler (on the photo) said. Heineken Hungaria had net revenue of HUF 47bn in 2009. After-tax profit climbed 20pc to HUF 3bn.
|
||
 |
China purchases US corn The US Department of Agriculture last week announced the export sale of 115,000 metric tons of US corn to China.
|
||
 |
Better utilisation of DDGS with fractioning Canadian research has success with pilot scale processing of wheat distillers dried grain with solubles (DDGS), yielding different fractions targeted for monogastric and ruminant animal feeding.
|
||
 |
Next global Feed & Food Congress staged in South Africa During a Board Meeting of the International Feed Industry Federation (IFIF) on 20 April 2010 in Cancun, Mexico - the opening day of 3rd GFFC, hosted by Mexico, it was decided to award the hosting of the fourth edition to South Africa during 2013.
|
||
 |
Hungary producer prices drop on stronger forint in March Hungary's industrial producer prices dropped 0.2pc in March from February and were down 3.5pc yr/yr from from March 2009, the Central Statistics Office (KSH) said. Domestic sales prices continued to rise but forint-term export prices fell on a stronger forint both in a monthly and a twelve-month comparison.
|
||
 |
Prime minister-designate's chief advisor says EU law protects central-bank chairman Prime Minister-designate Viktor Orban's chief advisor Gyorgy Szapary (on the photo) said that European Union law protects the chairman of the National Bank of Hungary (NBH) from arbitrary dismissal.
|
||
 |
Future economy minister sees deficit reaching 4.5-6.5pc Hungary's general government deficit could be between 4.5pc and 6.5pc of GDP this year, Gyorgy Matolcsy, the economy minister in Hungary's next government, said after his appointment was announced. Mr Matolcsy added taxes could be cut yet this year.
|
||
 |
Hungary's PM-elect Orban unveils cabinet Hungarian prime minister-elect Viktor Orban named further members of a streamlined cabinet. Introducing his new cabinet, Orban stressed the experience of his new team. "There is a need for the kind of government which is appropriate for creating a new political and economic system," he said.
|
||
 |
Selko upgrades organic acids facilities Selko Feed Additives, a Nutreco company located in Tilburg, the Netherlands, is investing €6 million to upgrade and increase capacity.
|
||
 |
Hungary retail food market contracts slightly Hungary's retail food market contracted 1pc in value terms and 3pc in volume terms in the twelve months to March compared to the previous twelve-month period, according to data compiled on 90 product groups by market research company Nielsen.
|
||
 |
New brochure: Analytics – an essential tool to boost your business “Analytics – an essential tool to boost your business” is the title of a new 16-page brochure released by the Health & Nutrition Business Unit from Evonik Industries, Essen, Germany.
|
||
 |
Steam flaking improves FCR in calves Chinese researchers studied the effect of a mixture of steam-flaked corn and soybeans on health, growth, and selected blood metabolism of Holstein calves. The objective of the experiment was to evaluate the effects of steam-flaked corn grains and soybeans on calf health, growth, and selected blood parameters.
|
||
 |
TakarekBank profits jump 83pc as operating margin widens TakarekBank, a bank for Hungary's savings cooperatives, had after-tax profit of HUF 1.48bn in 2009, up 83pc from the previous year because of higher interest revenue and increased efficiency, the bank said.
|
||
 |
Hungarian companies show at farm fair in Vilnius Fourteen Hungarian companies are showing at the Agrobalt farm and food fair, which opened in Vilnius, the Hungarian embassy in Lithuania said.
|
||
 |
Tetra Pak plans to spend EUR 3m on developments in 2010 Hungarian packaging-materials company Tetra Pak plans to spend EUR 3m (HUF 806,864) on developments this year, the business daily Vilaggazdasag said, quoting head of Tetrapak's Hungarian subsidiary Zoltan Revesz.
|
||
 |
Costco signs deal to sell Hungarian wine State-owned wine trader Tokaj Kereskedohaz has signed a ten-year agreement with Costco, a big US membership warehouse chain, to sell Hungary's famous Tokaj dessert wine, Tokaj Kereskedohaz CEO Istvan Kiss said.
|
||
 |
Hungarian company chiefs meet with Russian businessmen The leaders of 10 companies in Hungary met on Wednesday in Rostov-on-Don (SW Russia) with representatives from 60 companies located in Russia's Rostov Oblast, Hungary's Ambassador to Russia Gyorgy Gilyan (on the photo) said.
|
||
 |
Orban names some ministers in new gov't Hungary's Prime Minister-elect Viktor Orban named some of the members of the government he is about to form after his centre-right Fidesz party won parliamentary elections with a two-thirds majority last weekend.
|
||
 |
PannErgy geothermal-energy unit receives HUF 442m grant Alternative-energy company PannErgy said its 90pc-owned unit, Szentlorinci Geotermia, will receive a HUF 442m (EUR 1.64m) grant from the National Development Agency.
|
||
 |
Kenya rejects S.Africa's GM maize exports A 40,000 tonne consignment of South African genetically modified (GM) maize destined for Kenya is stuck at Mombasa harbour after protests against the technology the Business Report newspaper reported.
|
||
 |
Kaba sugar refinery to be converted into industrial park The former Kaba sugar refinery in eastern Hungary will be converted into an industrial park at a cost of more than HUF 850m, project manager Levente Zsuponyo said.
|
||
 |
Hawaii's last sugar plantation to be biofuel 'lab' Hawaii's last sugar plantation could start producing jet fuel for the Navy. Federal agencies announced they would spend millions of dollars to study producing advanced biofuels from sugarcane grown at Hawaiian Commercial & Sugar's fields on Maui.
|
||
 |
Kiotech International Kiotech International plc, supplier of natural feed additives to enhance health, growth and sustainability in agriculture and aquaculture, significantly increased its sales and profit over 2009 and also completed the acquisition of Optivite Group, whose results are included from 1 October 2009.
|
||
 |
Infocenter.hu acquires indirect stake in RTL Klub operator Media company Infocenter.hu has acquired an indirect 31pc stake in M-RTL, the operator of commercial television channel RTL Klub, Infocenter.hu said.
|
||
 |
New Zealand pet food factory closes smelly plant Lovitt’s NZ, a Tauranga, New Zealand pet food factory that polluted waterways and generated rotten smells has closed its doors, to the huge relief of neighbours and Environment Bay of Plenty.
|
||
 |
H rates easing to continue, 2/3 majority may boost markets Hungary's easing cycle is set to continue beyond the elections, and a potential two-thirds majority for Fidesz that would open up reform possibilites may boost Hungarian assets, London-based emerging markets analysts said.
|
||
 |
Erste shareholders approve dividend of almost HUF 14bn Shareholders of Erste Bank Hungary decided at a general meeting on Friday to pay HUF 13.9bn of 2009 profit as dividend and place the rest into reserves. A year earlier, shareholders approved a HUF 15bn dividend.
|
||
 |
H retail sales drop slows to 4.3pc yr/yr in February Retail sales volume in Hungary fell a calendar-adjusted 4.3pc in the twelve months to February 2010, slowing further from a 5.6pc decline in January, the Central Statistics Office (KSH) said.
|
||
 |
Hops assists in lowering ammonia produced by cattle A scientist has discovered that by using hops this will lower ammonia produced by cattle.
|
||
 |
Milk production increase for dairy producers Energy Booster H, is a second dense, rumen-inert fat supplement that has been launched by Milk Specialities Global Animal Nutrition.
|
||
 |
Competition Office fines Pioneer Hi-Bred or misleading advertising Hungary's Competition Office (GVH) on Thursday said it fined planting seed company Pioneer Hi-Bred Magyarorszag HUF 1m for misleading advertising.
|
||
 |
China soy meal demand rising Demand for soybean meal in China, the world’s biggest consumer of the animal feed, may rise on expectations hog inventories will expand, the China National Grain & Oils Information Center said. “The market is increasingly upbeat on the expectation of rising soybean meal consumption,” said the Centre.
|
||
 |
World meat market to grow by 40% Population growth and income growth will drive the world meat market to almost 40% growth in the next 10 to 20 years, concluded Dirk Jan Kennes of Rabobank at the opening ceremony of VIV Europe in Utrecht, the Netherlands.
|
||
 |
GM decision in Western Australia criticised Premier Colin Barnett of Western Australia has been accused of hiding damaging letters from European grain traders, which state that they would not be willing to buy grain from Western Australia if GM crops are grown.
|
||
 |
USGC Jordan DDGS feeding trial commences The US Grains Council last week, in partnership with the Hammoudeh Dairy Farm in Amman, Jordan, began the longawaited DDGS feeding trial utilizing Hammoudeh Farm’s dairy sector.
|
||
 |
Study: Elevators and terminals in Ukraine Ukraine’s grain outputs and exports have increased to all-time high values over the recent years and this requires restructuring the grain storage and logistics system, according to a recently released study of UkrAgroConsult.
|
||
 |
Canadian grain firm plans major feed mill An eastern Ontario grain handling and ag supply firm has announced plans to spend CAN$10 million (US$9.87m, €7.31m) building what it says will be the region's biggest feed mill operation.
|
||
 |
Tesco leads Hungary food seller market in 2009 UK supermarket chain Tesco led Hungary's market of retail food sellers in 2009, generating revenue of HUF 638.4bn, market research company Nielsen said.
|
||
 |
USDA cuts global wheat stocks forecast In its latest report, the USDA cut its estimate for world wheat stocks by 950,000 tonnes, to 195.8m tonnes at the close of the 2009-10 crop year, citing better prospects for the grain's use in livestock feed.
|
||
 |
Company update: Cargill Cargill Inc.'s third-quarter profits from continuing operations nearly doubled compared with the same time last year, courtesy of an improving global economy.
|
||
 |
Demjan buys the Milton Bank Hungary's Competition Office (GVH) on Friday approved the acquisition of a 100pc stake in Milton Bank by Magyar Toketarsasag (Hungarian Capital Company), a company recently founded by Hungarian real estate magnate Sandor Demjan to help the country's SMEs recover from the crisis.
|
||
 |
Hungary investment funds reach historical high Assets in Hungarian investment funds grew 5.8pc to HUF 3,344bn in March from the previous month, beating the previous historical high of HUF 3,200bn reached in February 2008, the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) said.
|
||
 |
Mil-Power building HUF 1.1bn biogas-fueled power plant in SW Hungary Mil-Power is building a HUF 1.1bn biogas-fueled power plant in SW Hungary, managing director Gyula Koncz said.
|
||
 |
Hungarian breweries sell 12pc less beer in 2009 Sales of Hungarian breweries fell about 12pc in 2009, although domestic sales fell less, by 9pc, Hungarian Beer Association chairman Imre Sivo said.
|
||
 |
Hungarian-Syrian Business Council established A Hungarian-Syrian Business Council has been set up after Investment and Trade Development Hungary (ITDH) head Csaba Kilian (on the photo) met with business leaders in Damascus.
|
||
 |
Fidesz to seek new deal or extension of existing agreement with IMF, EU Centre-right Fidesz, which won a majority in the first round of Hungary's general elections on Sunday, will seek to extend the country's existing financing agreement with the IMF and the European Union or strike a new deal, foreign minister-designate Janos Martonyi told Reuters in an interview.
|
||
 |
Nadudvari Food completes HUF 150m investment Frozen-food company Nadudvari Elelmiszer has completed a HUF 150m (EUR 571,295) investment to produce breaded cheeses and frozen ready meals, company Managing Director Janos Volosinovszki announced.
|
||
 |
Waste-water removal and treatment investment begins in NE Hungary A HUF 1.7bn (EUR 6.42m) waste-water removal and treatment investment has been launched in northeastern Hungary, the company managing the project, Inno Invest Kft.
|
||
 |
Syngenta revenue falls 4pc in 2009 The Hungarian units of Switzerland-based agribusiness company Syngenta generated revenue of HUF 38.9bn (EUR 145.69m) in 2009, down 4pc from 2008, Syngenta Seeds Marketing Director Janos Biro said.
|
||
 |
Real removes tainted Pick products from shelves Hungarian supermarket chain Real Hungaria has removed house brand sandwich meat made by Pick Szeged, Hungary's biggest meat company, from its shelves after finding high levels of the bacteria listeria in it, Real marketing director Attila Linczmayer said.
|
||
 |
Linamar board proposes putting 2009 profits into reserves The board of vehicle parts and farm machinery maker Linamar Hungary will propose to shareholders at an annual general meeting on April 27 placing all of 2009 profits into reserves, paying no dividend, the AGM invitation published.
|
||
 |
4 parties in Parliament, Fidesz wins majority in 1st round Main Hungarian opposition party Fidesz, in alliance with the Christian Democrats (KDNP) - on the photo Mr Viktor Orban, head of Fidesz -, has secured 206 of a total of 386 parliamentary seats already in the first round of general elections on April 11, preliminary official election results show.
|
||
 |
Hungarian farm gate price rise slows in February Farm gate prices in Hungary increased 0.2 pc yr/yr in February. Crop prices rose 2.0 pc and livestock and animal product prices fell 2.8pc, the Central Statistics Office (KSH) reported.
|
||
 |
European Commission about the lands of European Union European Commission starts legal proceedings against decisions extending deadlines for scrapping land purchase subsidies
|
||
 |
Hungarian famers get 40pc more EU subsidies in 2009 Hungarian farmers received HUF 630bn in European Union subsidies in 2009, up around 40pc from HUF 450bn-460bn in 2008, Agriculture Minister Jozsef Graf said.
|
||
 |
Mineral water bottler Szentkiralyi revenue stagnates at HUF 5.7bn Mineral water bottler Szentkiralyi Asvanyviz had revenue of HUF 5.7bn in 2009, about the same as in 2009, although sales volume inched up 3pc, the company said.
|
||
 |
Hungary asks for extension of moratorium on farmland purchases by foreigners The government has asked the European Commission to allow Hungary to extend its moratorium on purchases of farmland by foreigners by three years.
|
||
 |
Kisalfoldi Mezogazdasagi completes HUF 1.5bn investment Hungary's Kisalfoldi Mezogazdasagi Zrt has completed a HUF 1.5bn (EUR 5.66m) European Union-funded investment to modernize its cattle-raising operations and build a 526 kW biogas plant, company CEO Lorant Szajko said.
|
||
 |
MEPs review new regulation on novel foods Euro-MPs adopted a draft report for new rules on novel foods. The responsible committee of the Parliament will vote on the regulation on 4 May 2010.
|
||
 |
Minister of agriculture to withdraw from politics following elections Minister of Agriculture Jozsef Graf will withdraw from politics following Hungary's national elections this month, Mr Graf told the regional newspaper Uj Dunantuli Naplo in an interview published.
|
||
 |
Poultry Product Council uncovers infected egg extract shipments from Italy Hungary's Poultry Products Council announced Friday that several tonnes liquid egg-extract, which recently arrived in Hungary from Italy, was withdrawn from circulation after it was found infected by salmonella.
|
||
 |
New EU system to take on excise fraud On 1 April 2010, a new electronic system for monitoring and controlling the movement of excise goods (alcohol, tobacco and energy products) within the EU will become operational. The Excise Movement and Control System (EMCS) will make intra-Community trade in excise goods cheaper and simpler for operators, while also making it quicker and easier for EU Member States to tackle excise fraud.
|
||
 |
Hamburger to suspend production at plant due to rising cost of feedstock Hamburger Dunaujvaros Kft, the second biggest manufacturer of corrugated fiberboard in Hungary, will suspend production at its plant in Dunaujvaros (C Hungary) in the first half of April due to a rise in the cost of recycled feedstock.
|
||
 |
NVT announces tenders for lease of 43,000 hectares of state-owned land Hungary's National Asset Management Council (NVT) announced that it would call tenders for the lease of 43,000 hectares of state-owned land under the European Union's agricultural program (AKG).
|
||
 |
CIB Group after-tax profit falls HUF 23.5bn to HUF 4.7bn last year Hungary's CIB Group posted consolidated after-tax profit of HUF 4.7bn (EUR 17.76m) in 2009, down from HUF 28.2bn in 2008, the bank said.
|
||
 |
Turo Rudi strongest brand name in Hungary The delicious, delectable curd-based dessert Pottyos Turo Rudi is the strongest brand name in Hungary, the business weekly Figyelo reported in its most recent edition. The weekly cited the results of a representative survey carried out by B&P Braun & Partners and GfK Hungaria.
|
||
 |
Commission publishes the new EU Organic Logo The new logo for organic products has been published by the European Commission in the Official Journal of the European Union. It will become obligatory from 1 July 2010 and will appear on the market over a transition period of two years.
|
||
 |
Hungary general government deficit 4.0pc of GDP in 2009 Hungary ran a ESA95 general government deficit of HUF 1,035bn or 4.0pc of GDP in 2009, the Central Statistics Office (KSH) said. The figures are Maastricht-conform preliminary figures based on national account statistics.
|
||
 |
World deforestation decreases World deforestation, mainly the conversion of tropical forests to agricultural land, has decreased over the past ten years but continues at an alarmingly high rate in many countries, FAO announced.
|
||
 |
Green light for another biomass plant in England Helius Energy plc, a company established to develop, install and operate biomass fired renewable electricity generation plants, has welcomed consent for its Avonmouth Dock biomass plant, which comes after a recent spate of approvals for other biomass plants across England.
|
||
 |
Public opinion in the European Union on agricultural policy European citizens broadly support the new aims of agricultural policy as conducted at European Union level and a majority are in favour of maintaining its budget.
|
||
 |
Hungary wants agreement on future of CAP during joint EU presidency The Spanish-Belgian-Hungarian European Union presidency would like to see an agreement reached by EU member states on the future of the common agricultural policy (CAP) tools by the end of the Hungarian presidency in the first half of next year at the latest, Hungarian Minister of Agriculture Jozsef Graf said in Brussels after a meeting of EU farming ministers.
|
||
 |
Husceh companies sell 15.000-20.000 tonnes of smoked-meat products at Easter The small and medium-sized companies belonging to the Association of Meat Producers and Distributors (Husceh) are expected to sell 15.000-20.000 tonnes of smoked-meat products before the Easter holidays, Husceh President Zoltan Babati said.
|
||
 |
Farmers face off with chemical maker over rice Researchers at Ghent University in Belgium set out nearly 20 years ago to do what seemed like a good thing for farmers — create a strain of rice that could withstand a popular herbicide that kills weeds in the fields.
|
||
 |
Hungary unemployment rate jumps to 11.4pc in Dec-Feb Hungary's average unemployment rate was 11.4pc in the 15-74 age group in December-February, up sharply from 10.8pc in November-January, the Central Statistics Office (KSH) said. After unchanged rates of 10.5pc in the autumn, the three-month average rate rose to 10.8pc in November-January.
|
||
 |
Sugar-hungry yeast to boost biofuel production Engineering yeast to transform sugars more efficiently into alcohols could be an economically and environmentally sound way to replace fossil fuels, say scientists presenting at the Society for General Microbiology's spring meeting in Edinburgh.
|
||
 |
Central bank cuts base rate 25bp to 5.50pc The National Bank of Hungary's Monetary Council decided to reduce the base rate by 25bp to 5.50pc - a new historical low - at a meeting.
|
||
 |
China to double distiller’s grain imports China’s feed mills may double imports this year of dried distillers grains with soluble. Also soybean and palm oil imports are up compared to last year.
|
||
 |
Agricultural production declines 10pc in Hungary last year The volume of agricultural production declined 10pc in Hungary last year, the Central Statistics Office (KSH) reported. Hungary's grain yield was 13.5m tons in 2009, down from 16.8m tons in 2008.
|
||
 |
No plans for EU minimum wage, Hungarian employment commissioner says There will be no EU minimum wage either in Hungary or in any other member state for at least a while, Hungary's European Commissioner for Employment, Social Affairs and Inclusion Laszlo Andor said.
|
||
 |
Household gas prices to rise 10.1pc from April 1 in Hungary End-user gas prices for households, small consumers and public institutions will rise 10.1pc on average from April 1, the Hungarian Energy Office (MEH) said.
|
||
 |
Cargill to delist palm oil supplier Sinar Mas Agribusiness giant Cargill Inc threatened to delist Indonesian palm oil firm Sinar Mas as a supplier if it fails to address allegations of illegal logging lodged by Greenpeace.
|
||
 |
Mil-Power begins construction of HUF 1.1bn biogas plant Mil-Power Bioenergetikai Kft has recently begun construction of a HUF 1.1bn (EUR 4.17m), 1MW biogas power-plant in Pusztahencse (C Hungary).
|
||
 |
World congress debates global imperatives Eminent speakers from five continents will be at the meeting in Mexico in April that has emerged as a truly world event on the twin global imperatives of food security and food safety.
|
||
 |
EU court rejects appeal to register "HUNAGRO" The European Union's General Court on Wednesday ruled the Hungarian canned fruit and vegetable trade mark HUNAGRO cannot be registered because of its similarity to the existing trade mark UNIAGRO.
|
||
 |
Hungary meat companies increasingly rely on imports to retain export markets The number of hogs raised in Hungary is around 3.2m, falling considerably from around 5m in 2004, the year of the country's EU accession, Meat Product Council (VHT) Secretary Mrs Laszlo Menczel said.
|
||
 |
Hungary's GDP to stagnate in 2010 - GKI Hungary's GDP will likely stagnate for the full year in 2010, but the economy could grow slightly in the second half of the year, economic think- tank GKI said in a fresh forecast published.
|
||
 |
Pepsi Co lose trademark for design The European Court of Justice (ECJ has ruled that Pepsi Co.'s 'tazos' designs are not distinct enough to warrant protection as a community design, following an appeal against a decision by the EU's Office of Harmonization for the Internal Market (OHIM).
|
||
 |
Arabs explore massive phosphate project Saudi company Ma’aden is studying a significant expansion of its phosphate activities involving the exploitation of a second major phosphate deposit in the north of Saudi Arabia.
|
||
 |
Phylaxia, Alpha-Vet to raise capital at JV by HUF 80m Veterinary products company Phylaxia 1912 Holding said shareholders decided to raise capital at Phylaxia Pharma, its joint venture with Alpha-Vet, by HUF 80m to HUF 100m.
|
||
 |
Hungary lamb exports seen falling 20pc in 2010 Hungarian lamp exports are expected to fall about 20pc in 2010 from the usual 180,000-200,000 because of an early Easter holiday, declining stock and higher feed prices, lamb product association head Arpad Bator said.
|
||
 |
Hungarian companies plan bio-algae plant Three Hungarian companies - Green Capital, the Gyor Distillery and INTELCOM Engineering - have signed a letter of intent on establishing a bio-algae plant and research facility in the country, Green Capital CEO Istvan Ori said.
|
||
 |
New agent for Norel in France Spanish additives and raw material for animal feed supplier Norel has appointed the company Erebus as its new agent for the French market.
|
||
 |
Fruit crop seen falling again after "difficult year" in 2009 Hungary's fruit harvest is expected to fall this year from 2009, which was a "weak, bad and difficult year", Jozsef Szabo, chairman of fruit growers association FruitVeb told.
|
||
 |
Vincze Cellars banned for three years from using Hungary's Vincze Cellars, one of the Eger wine growing region's best known names, has been prohibited for three years from using the "Eger" declaration of origin, head of the Eger region's vintner's association Jozsef Tarsoly told.
|
||
 |
Renewable energy from palm oil waste Sabah’s palm oil industry produces enough waste to generate up to 700MW of electricity, an American energy researcher said. Dr Daniel M. Kammen (on the picture) said the figure was based on the 2008 palm oil production statistics and conservative growth estimates.
|
||
 |
Are you ready for REACH? In 2010 a new regulation concerning declaration of dangerous materials (REACH) will be put in place in the EU. Adifo has adapted its software program Bestmix with a REACH module to deal with this administrative burden.
|
||
 |
Brazil grain production on track for record crop Brazilian Minister of Agriculture, Livestock and Food Supply Reinhold Stephanes stated that Brazil's 2010 grain harvest is on track to meet historic 2007-08 crop levels.
|
||
 |
Farmgate prices for eggs set to rise just HUF 1-2 before Easter Farm gate prices of eggs will probably rise by just HUF 1-2 in the coming weeks as consumers are unlikely to pay much more for their Easter eggs, business daily Vilaggazdasag reported.
|
||
 |
Pork producers shy away from DDGS A Saskatchewan based feed consultant says swine producers are shying away from dried distillers grains with solubles in favour of the more traditional locally produced feed ingredients to improve carcass quality, reports Bruce Cochrane from Farmscape.
|
||
 |
France: Sharp decline in animal feed production For the French feed industry the year 2009 was marked by a steep decline of 5.9% in animal feeds. Poultry feeds have least decreased. With a decline of 10.2% the biggest drop was seen in cattle feed (beef and dairy).
|
||
 |
Livestock to lead US agriculture recovery The livestock sector can lead the US agricultural economy to higher net farm income, assuming the farm economy benefits from a recovery in the general US economy, according to the latest baseline projections from the University of Missouri's Food & Agricultural Policy Research Institute (FAPRI).
|
||
 |
Commission call for tenders on renewable energy The aim of this study is to analyse the actual contribution of renewable energy produced on-farm to the overall EU targets on renewable energy and greenhouse gas emissions reduction, as well as its potential in the medium-term.
|
||
 |
Tetra Pak Hungaria revenue reaches HUF 7.4bn in 2009 The Hungarian unit of Swedish packaging giant Tetra Pak had revenue of HUF 7.4bn (EUR 28m) in 2009.
|
||
 |
Euro-MPs opt for clearer food labelling rules The European Parliament's Environment Committee approved draft legislation on clearer and more informative new food labelling rules which require new information on energy content and nutritional value. The Environment Committee MEPs approved the report drafted by Renate Sommer with 52 votes in favour, 2 against and 5 abstentions after voting on almost 800 amendments.
|
||
 |
Bulgaria struggles with GMOs The Genetically Modified Organisms (GMO) Act has caused a stir in Bulgaria, prompting parliamentary debates and public protests about lifting the country's five-year ban on GMOs.
|
||
 |
Bird flu outbreak in Romania, EU's first in a year The first outbreak of the deadly H5N1 bird flu in Europe for a year has been identified in a backyard poultry farm in Romania, the European Commission said.
|
||
 |
Brussels tells to pay back misused farm aid Twenty EU nations, must pay back a total of 346.5 million euros (476 million dollars) in "unduly spent" farm subsidies, said the European Commission.
|
||
 |
Evaluating carbohydrate sources for dogs Brazilian scientist conducted a digestibility study to determine the nutritional value of broken rice, high oil maize, millet, sorghum, maize germ, rice bran and wheat bran as ingredients for dog foods.
|
||
 |
Feed manual to be launched at Cancun congress At the global Feed & Food Congress held in Cancun, Mexico in April an international Feed Manual for producing safe feed and food will be introduced.
|
||
 |
World feedstuff supply and demand estimates The World Agricultural Supply and Demand Estimates (WASDE) report gathers information from a number of statistical reports published by USDA and other government agencies. Outlined here are March data for wheat, coarse grains, and oilseeds.
|
||
 |
Hungarian farm gate prices rise first time since August 2008 in January Farm gate prices in Hungary increased 3.6pc in the twelve months to January 2010 after 16 months of decline, as crop prices rose 7.5pc and livestock and animal product prices fell 2.3pc in the period, the Central Statistics Office (KSH) reported.
|
||
 |
Zero-tolerance still holds EU feed imports in straitjacket The European Union faces renewed disruption to animal feed supplies this year unless policymakers find a rapid solution to traces of genetically modified organisms in soy imports, industry groups have warned, Reuters reports.
|
||
 |
Tetrabbit expects revenue to jump 10pc this year Hungarian rabbit-meat company Tetrabbit expects revenue to jump to HUF 4.4bn (EUR 16.5m) in 2010, up from HUF 4bn in 2009, Tetrabbit CEO Zsolt Csuvar said. Tetrabbit slaughtered 2.1m rabbits last year, up 70pc yr/yr, the company CEO added.
|
||
 |
Supermarket chain Coop sets up financial unit Hungarian supermarket chain Coop has established a financial company to help with financing at group level and bring its customer loyalty card programme to stores across the country, CEO Laszlo Muranyi said.
|
||
 |
MEHIB can insure exports with less than 50pc Hungarian content Hungary's export credit insurance company, MEHIB can now insure exports with less than 50pc Hungarian content in cases of national interest according to a government decree applicable from March 16, and published in the latest issue of official gazette Magyar Kozlony.
|
||
 |
Cerbona revenue slips to HUF 10.3bn in 2009 Hungary's Cerbona had revenue of HUF 10.3bn in 2009, down from HUF 11.1bn in 2008, the food company said.
|
||
 |
Jarai: Hungary could join eurozone in 2015-2016 Former finance minister and central bank governor Zsigmond Jarai told a meeting of Hungarian industrialists association MGYOSZ on Tuesday that Hungary could realistically adopt the euro in 2015 or 2016.
|
||
 |
Kaposszekcsoi Mezogazdasagi to begin operation of HUF 1bn biogas plant The Kaposszekcsoi Mezogazdasagi Zrt will begin operation of a HUF 1.06bn (EUR 3.98m) biogas plant in southeastern Hungary at the end of March or beginning of April, company CEO Nandor Papp said.
|
||
 |
Hungary industrial output rises in January Hungary's industrial output rose an unadjusted 3.4pc and a workday-adjusted 5.7pc in the twelve months to January 2010, said the Central Statistics Office (KSH). The increases were from a low base. Output also rose, however, sharply from December after two months of decline.
|
||
 |
Africa organic export drive Nearly 5 000 West African farmers are now able to take advantage of the growing popularity of organic foods in industrialized countries thanks to a $2.4 million German-backed FAO programme that has helped them meet necessary certification and other requirements.
|
||
 |
Company update: Andritz, Austria Austrian high-technology machinery maker Andritz AG reported cost cutting helped it to post an 8.5% rise in fourth-quarter net profit, reversing three consecutive quarters of declines, and said savings and restructuring measures will propel earnings higher in 2010.
|
||
 |
Coop Hungary revenue inches up to HUF 510bn in 2009 Hungarian-owned supermarket chain Coop Hungary had revenue of HUF 510bn in 2009, up about 2pc from the previous year at current prices, CEO Laszlo Muranyi (on the photo) said.
|
||
 |
Hungary opens new trade office in China Hungary has opened a new trade office in Chongqing, China, in order to boost bilateral trade, ITD Hungary said.
|
||
 |
Competition Office approves Bonafarm takeover of Herz Hungary's Competition Office (GVH) said it approved the takeover of the troubled Herz Salami Factory by Bonafarm, a company owned by food industry magnate Sandor Csanyi (on the photo).
|
||
 |
Lamfalussy: Euro good to Hungary Hungary would benefit from the introduction of the euro, but only after "the operation of the economy became normal and the exchange rate stabilised", former head of the European Monetary Institute Sandor Lamfalussy said.
|
||
 |
Tokaj winegrowers expect gov't to take measures to protect name Winegrowers in Hungary's Tokaj region expect the government to take firm steps with regard to use of the Tokaj name, local winegrowers association head Ferenc Marcinko said after reports Slovakia had registered the name for wine grown in its own part of the region.
|
||
 |
Cherry harvest reaches 62,000 tonnes; farm gate prices plunge Hungary's cherry farmers harvested 62,000 tonnes of crop in 2009, most of which was exported, chairman of the Hungarian Cherry Growers Association Laszlo Hegedus said.
|
||
 |
Retail food market turnover in Hungary stagnates Hungary's retail food market was worth about HUF 1,300bn in the twelve months to the end of January, level with the amount in the previous twelve-month period, data from market research company Nielsen shows.
|
||
 |
Hungary's next gov't to apply for extension of moratorium on farmland purchases by foreigners Hungary's next government will apply to the European Union for an extension of the moratorium on purchases of farmland by foreigners, chairman of Parliament's agricultural committee Sandor Font, a member of opposition Fidesz, which is tipped to win general elections in April, said.
|
||
 |
Morahalom local council, business partners to build HUF 2.5bn four-star hotel The local council of Morahalom (S Hungary), together with business partners, plans to build a four-star hotel for HUF 2.5bn, supported by HUF 512m in European Union funding, mayor Zoltan Nogradi said.
|
||
 |
Two Slovenian products registered as 'Traditional Speciality Guaranteed' The European Commission added the Slovenian cake "Prekmurska gibanica" and bread "Belokranjska pogača" to the list of 'Traditional Speciality Guaranteed' under the European Union's quality labelling scheme.
|
||
 |
Hungary 2009 trade surplus revised down to EUR 3.98bn Hungary had a EUR 375m trade surplus in December and posted a EUR 3.979bn trade surplus in the full year of 2009, the Central Statistics Office said in a second reading published.
|
||
 |
Analysis-EU grain farmers brace for life without safety net European grain farmers canexpect volatile prices after Brussels partially removes a safety net in May, and cannot readily switch to other crops and will have to deal with market forces as best they can.
|
||
 |
Biotechnologies should benefit poor farmers in poor countries The focus of modern and conventional biotechnologies should be redirected so as to benefit poor farmers in poor countries and not only rich farmers in rich countries, said FAO.
|
||
 |
EU clears GMO potato and maize The European Commission approved five genetically modified crops on Tuesday. It might let EU countries decide whether or not they grow GM crops on their soil. For the first time in 12 years a crop was approved for cultivation.
|
||
 |
Hungary hog stock stops shrinking The number of hogs in Hungary rose slightly in 2009 after falling since the summer of 2008, Hungarian Meat Industry Association head Tamas Eder said at a conference in Budapest.
|
||
 |
Austrian Andritz to acquire German KMPT Austrian technology and industrial company Andritz is planning to buy German solid/liquid separation company KMPT AG.
|
||
 |
Linamar Hungary 2009 profit plunges 54pc as revenue falls faster than costs Automotive parts and farm machinery maker Linamar Hungary's net income dropped 53.6pc to HUF 330m in 2009 as revenue fell faster than costs and financial expenses grew, the company's IFRS report for the period published.
|
||
 |
EU and Vietnam To Launch Free Trade Negotiations The EU and Vietnam have agreed to launch bilateral Free Trade Agreement (FTA) negotiations following a meeting between EU Trade Commissioner Karel De Gucht (on the photo) and Vietnamese Prime Minister Nguyen Tan Dung in Hanoi.
|
||
 |
Solum inaugurates HUF 510m potato plant, dairy expansion Hungarian food industry company Solum inaugurated two European Union-supported investments worth a combined HUF 510m.
|
||
 |
Organic farming in the EU between 2005 and 2008 Organic farming 1 in the EU27 covered 7.8 million hectares in 2008, up by 7% compared with 2007. Over a longer time period, the data available for the EU25 show an increase of 21% in the total organic area between 2005 and 2008.
|
||
 |
EU clears BASF's GM Amflora potato for cultivation The European Commission approved a genetically modified potato, Amflora, for commercial cultivation in the European Union, marrking the bloc's first GM cultivation approval in 12 years.
|
||
 |
China Shrub Shows Biofuel Promise China's poisonous jatropha shrub is showing promise as biofuel and could boost the country's efforts to reduce dependency on imported crude oil.
|
||
 |
"Use genetic means to raise output" Two days after the government’s decided to put commercial cultivation of Bt brinjal on hold, leading global seeds firm Dupont said genetic resources from plants need to be harnessed well to provide food to millions. Speaking to FE, William S Niebur (on the photo), DuPont vice-president, Crop Genetics Research and Development said there is a need to use genetic resources available to further food production.
|
||
 |
Biofuel Options Expand as Science Taps New Sources Scientists are making progress in developing biofuels with a range of methods and an assortment of feedstocks.
|
||
 |
Afgri, South Africa JSE-listed agricultural services group Afgri intends to more strongly focus on Africa and expand its poultry business in South Africa. It will sell its Australian John Deere business, which supplies agricultural equipment.
|
||
 |
Pet industry is booming despite crisis The American Pet Products Association's annual survey says overall spending in the pet industry – including food, supplies, veterinary care, live animal purchases and other services such as grooming, boarding and pet sitting – grew by 5.4% from $43.2 billion in 2008 to a little more than $45.5 billion in 2009.
|
||
 |
Plans for Pilot Biofuel Plant in Sierra Leone Solidified Tseai Energy Unlimited, an early-stage company that develops biofuel-generating agricultural processing plants to bring electricity to underdeveloped countries and boost their economies, has announced that its team is traveling to Sierra Leone to lay the foundation for its first pilot program.
|
||
 |
Indian non-GM soy meal alternative for Europe Indian soy meal exporters could see sales to the European Union surge to 3 million tonnes in the next three years from a standing start as the 27-nation block seeks more non-GM varieties.
|
||
 |
Erste Bank Hungary 2009 profit drops 47pc Erste Bank Hungary, the Hungarian unit of the Vienna-based Erste Group, had net profit of EUR 57.9m in 2009 not counting minority holdings, down 47.1pc from EUR 109.5m in 2008, Erste bank announced.
|
||
 |
Hungary investment volume falls 11pc in Q4, 8.6pc Investment volume in Hungary dropped 11pc year-on-year in the fourth quarter of 2009, bringing the full-year decline in 2009 to 8.6pc, figures published by the Central Statistics Office (KSH). Sharp declines in the business sector were tempered by investments in the budget-funded sector.
|
||
 |
Hungary unemployment rate rises to 10.8pc in Nov-Jan Hungary's average unemployment rate was 10.8pc in November-January, said the Central Statistics Office (KSH). In October-December the rate was 10.5pc, unchanged from September-November.
|
||
 |
European Court rejects complaint by Hungarian fruit company The European Court rejected a complaint by Hungarian fruit processor Sio-Eckes that some of its canned products were not eligible for EU support because they did not meet the definition of "peaches in syrup and/or in natural fruit juice".
|
||
 |
Hungary freight volume drops 11.9pc in 2009 Freight volume in Hungary dropped 10.4pc to 77.2m tonnes in Q4 from the same period a year earlier, bringing the full-year decline to 11.9pc, said the Central Statistics Office (KSH). Calculated in freight-tonne-kilometres, performance rose by 4pc in Q4 since Q2 2008.
|
||
 |
Former central bank chief calls for structural reforms Hungary's former central bank governor and finance minister Zsigmond Jarai called for structural reforms and cuts in state spending at an economic forum.
|
||
 |
Hungarian agriculture fell 10-11pc in 2009 Hungary's agriculture will probably stagnate this year, after volumes of agricultural production have fallen 10-11pc last year according to preliminary figures, head of AKI, a private agricultural research institute, Gabor Udovecz said.
|
||
 |
Bonafarm revenue reaches EUR 550m in 2009 Hungarian food company Bonafarm had revenue or EUR 550m in 2009 and it expects turnover to reach this level in 2010 too, chairman-CEO Attila Csanyi said at a press conference.
|
||
 |
Hungary retail sales drop slows to 7.4pc in December Retail sales volume in Hungary fell a calendar year-adjusted 7.4pc in December slowing from a 7.8pc decline in November, said the Central Statistics Office (KSH).
|
||
 |
International meeting for fruit sector The specialised Fruchtwelt Bodensee in Friedrichshafen, Germany offered an international communication and information platform to 16,250 fruitgrowers, farmers and beerbrewers from all over Europe. Because of the central position of the Bodensee there were a large numder of visitors to the topfruit sector from Western and Eastern Europe.
|
||
 |
EU Healthy Eating Campaign Four young Europeans proved their excellent knowledge on balanced diet and healthy lifestyle by answering successfully all questions of the on-line Treasure Hunt game, in the framework of the EU Healthy Eating Campaign, "The Tasty Bunch".
|
||
 |
USDA projects high crop prices The US Department of Agriculture has recently released its ten-year outlook, this time stretching to 2020. Steady growth of crop demands is projected with historically high prices. In livestock further growth is expected, but strong figures as in the past years will not be reached.
|
||
 |
FAO: Towards a more sustainable livestock sector Urgent investments, major agricultural research efforts and robust governance are required to ensure that the world's livestock sector responds to a growing demand for animal products and at the same time contributes to poverty reduction, food security, environmental sustainability and human health.
|
||
 |
NBH forecasts 0.2pc GDP decline, 4.4pc CPI for 2010 The National Bank of Hungary (NBH) forecasts Hungary's GDP to inch down 0.2pc in 2010 and it puts average annual inflation for the year at 4.4pc, the bank said, citing the main figures of its fresh quarterly inflation report to be published.
|
||
 |
Central bank cuts base rate 25bp to 5.75pc The National Bank of Hungary's Monetary Council decided to reduce the base rate by 25bp to 5.75pc - a historical low - at a meeting. The cut was in line with expectations, in light of inflation prospects, global appetite for risk and financial stability.
|
||
 |
Implications of sorghum in broiler chicken nutrition Sorghum is a common grown grain in Australia. Due to some antinutritional factors it is not much appreciated in chicken feeds. Kafirin seems to be the main problem.
|
||
 |
"We need an extensive public debate for a reformed, better tailored CAP" The new Commissioner for Agriculture and Rural Development, Mr. Dacian Cioloş has taken his first official trip in his new capacity to Spain – the country that holds the Presidency of the EU Council for the first half of the year.
|
||
 |
Pacific BioEnergy and GDF SUEZ Announce Partnership Pacific BioEnergy Corporation and GDF SUEZ announced that they have entered into a strategic partnership to support a $24 million expansion of Pacific BioEnergy's existing wood pellet production facilities in Prince George, BC.
|
||
 |
Prof. Conway: Farmers should embrace GM One of the world’s leading agricultural scientists has said that organic farmers should embrace GM. But his views have been rejected by GM Freeze - an organisation which has the support of the Soil Association, Friends of the Earth and the Organic Research Centre.
|
||
 |
Crisis cuts Hungary business sector employment by 6.7pc Employment in Hungary's business sector fell by a steep 6.7pc last year. This was just the third contraction in more than a decade, and its scale far exceeded the 0.7pc drop in 2002 or the 0.1pc slip in 2007.
|
||
 |
Hungary's gross wages unchanged in December 2009 Gross wages in Hungary were unchanged yr/yr in December 2009 and rose 0.5pc in 2009. Real wages fell 2.4pc last year, and the number of employees fell 3.7pc, the Central Statistical Office (KSH) reported. Regular wages rose more than overall wages did as employers saved on bonuses rather than base salaries.
|
||
 |
Single-party gov't would give economy great opportunity, says opposition head The establishment of a single-party government after general elections would open the way to enormous opportunity for the Hungarian economy, Viktor Orban, head of opposition Fidesz, told members of the Hungarian Industry of Trade and Industry (MKIK) on Thursday.
|
||
 |
Ag department to help farmers, world hunger with $1.75 million With $1.75 million from a new research grant, professors and students from the College of Agricultural Science are ready to tackle world hunger.
|
||
 |
Gov't freezes stability reserves The government has frozen stability reserves in the 2010 budget and agreed to make a decision on using them only if revenue from tax and contributions exceed the targets in the budget act by at least 2pc, a decree published.
|
||
 |
Grow rice now with half the water An innovative rice cultivation method is helping farmers increase production while halving the water requirement.
|
||
 |
Sano continues leading supplementary feed market For German based Sano Animal Nutrition 2009 was a good year; €350 million turnover and sister company established in China with further new hires foreseen.
|
||
 |
EU members support Hungary deficit-reduction measures European Union member states ensured their support for fiscal tightening Hungary is undertaking to bring its general government deficit under the required EU threshold at a meeting of Ecofin in Brussels.
|
||
 |
Hungarian farm gate prices drop 9.5pc in 2009, terms of trade worsen 3.9pc Farm gate prices in Hungary 9.5pc in 2009 as crop prices fell 12.7pc and livestock and animal product prices fell 4.6pc on 2008, the Central Statistics Office (KSH) reported.
|
||
 |
44,000 tonnes of GM maize consumed in Romania, in the latest 3 years Romanian farmers who cultivated genetically modified maize over 2007-2009 succeeded to obtained a total harvest of about 44,000 tonnes, according to the Ministry of Agriculture and the National Agency for Environmental Protection.
|
||
 |
IMF-EU delegation gives Hungary good marks Hungary's government has taken sufficient measures to stabilise the economy, but a strict fiscal policy as well as maintaining risk reserves is still necessary, and further measures must be taken in 2011 to bring the general government deficit under 3pc of GDP, IMF delegation head James Morsink (on the photo) said.
|
||
 |
Ethanol production fuels grain use Figures released by the International Grains Council (IGC) have sparked another warning in the food versus fuel debate for global grain use and production. The IGC statistics indicate global industrial grains usage in season 2009-10 will reach a record 257 million tonnes.
|
||
 |
Packaging waste volume falls because of crisis The volume of packaging waste generated in Hungary fell in 2009, for the first time in 15 years, as a result of the economic crisis, Gyorgy Viszkei, managing director of OKO-Pannon, which organises selective waste collection across the country said.
|
||
 |
A view on health risks associated with contaminants in minerals by David Byrne (on the photo) SC Former EU Commissioner for Health & Consumer Protection
|
||
 |
Copa-Cocega support fight against mycotoxins in cereals European farmers united in Copa and Cogeca participated at the European Forum on mycotoxins in cereals on 1st and 2nd February 2010, in order to emphasise farmers’ commitment to reducing the presence of mycotoxins in feed through the use of best available techniques.
|
||
 |
FinMin bumps up full-year deficit target The Finance Ministry said it raised its 2010 cash flow-based budget deficit target to HUF 878.9bn from HUF 870.3bn, but the new target is still equivalent to 3.3pc of GDP.
|
||
 |
OECD sees Hungary deficit reaching 4.1pc of GDP in 2010 The OECD projects Hungary's general government deficit could reach 4.1pc of GDP in 2010 in a survey, over the 3.8pc government target.
|
||
 |
Monetary Council votes 6:3 for 25bp rate cut at Jan meeting The National Bank of Hungary's Monetary Council voted 6:3 to reduce the central bank base rate by 25bp to 6.00pc at a meeting on January 25, the condensed minutes of the meeting published.
|
||
 |
EU economic strategy must be built on solidarity The European Union's new ten-year economic strategy, EU2020, must be built on solidarity for other member states and an increased sense of national responsibility to help achieve common goals, Prime Minister Gordon Bajnai said in a letter to EU leaders.
|
||
 |
Alternative crop draws wide interest A second meeting to test interest in growing an alternative crop drew a wide variety of response at the Malheur County Extension Office. Representatives from a company that processes soybeans for biofuels and feed said they would be interested in locating a processing facility in Ontario if there is enough acreage to support it.
|
||
 |
BASF and Embrapa's soybeans received approval in Brazil Embrapa, the Brazilian Agricultural Research Cooperation, and BASF’s jointly developed herbicide-tolerant soybeans were green-lighted on December 10 by CTNBio.
|
||
 |
Trade surplus raises to EUR 4.57bn December 2009 Hungary had a EUR 375m trade surplus in December, smaller than the EUR 410m surplus in November, the Central Statistics Office said in a first reading published on Tuesday. Exports rose for the first time since September 2008, and import contraction slowed further, both from a low base.
|
||
 |
Why farmers cottoned on to Bt The best advertisement for Bt brinjal is said to be the agronomic success of Bt cotton, the only genetically modified crop to have so far been commercially cultivated in India.
|
||
 |
New logo selected for all EU organic products The European Commission today officially announced the winner of the EU organic logo competition. Over the past two months, some 130,000 people have voted online to choose the new organic symbol from three finalists.
|
||
 |
State aid: up to €15,000 to hungarian farmers The European Commission has authorised under State aid rules a Hungarian scheme worth some EUR 18.2 million (HUF 5000 million) aimed at supporting farmers who encounter difficulties as a result of the current economic crisis.
|
||
 |
Biomass trade & power conference in Rotterdam Global demand for Biomass (Agricultural and Forestry Residues, Energy Crops and Wood Pellets) is rapidly growing especially in Europe, where EU 2020's target for renewable energy (20% in gross energy consumption), is driving this growth.
|
||
 |
Obama to outline biofuels strategy President Barack Obama will outline a government strategy to boost development of U.S. biofuels and address their environmental challenges, an administration official said.
|
||
 |
Hungary's next gov't must renew central bank, market watchdog Hungary's next government will need to renew the country's central bank and financial supervision to get the economy out of crisis, head of main opposition party Fidesz Viktor Orban said in a speech assessing the state of the country.
|
||
 |
Hungary general gov't runs HUF 31.3bn surplus in January Hungary's general government, excluding local councils, ran a cash flow-based HUF 31.3bn surplus in January, the Finance Ministry said in a preliminary report. The Finance Ministry projects a first-quarter general government deficit of HUF 651.3bn, or 75pc of the full-year deficit target.
|
||
 |
Experts unsure of long-term health effects of Bt brinjal The approval to genetically modified (Bt) brinjal seems to have been been given without adequately assessing long-term health risks, although with a stipulation that surveillance and long-term follow up should be conducted — two conditions that experts are aware have not been fulfilled even in the case of some critical drugs.
|
||
 |
Takarekbank expects Hungary's GDP to grow 0.3pc this year, 2.9pc in 2011 Takarekbank expects Hungary's GDP to grow 0.3pc in 2010 and 2.9pc in 2011, Takarekbank Senior Analyst Gergely Suppan (on the photo) said. Hungary's government projects GDP contraction of 0.3pc in 2010.
|
||
 |
IMF, EU delegations start review of Hungary's financial-support package Delegations from the International Monetary Fund and the European Commission on Wednesday began the latest reviews of a EUR 20bn financial support package Hungary was granted in November 2008. The quarterly review is the fifth by the IMF and the fourth by the European Union.
|
||
 |
ARS researchers develop method to speed up breeding of scab-resistant barley cultivars Agricultural Research Service (ARS) scientists have developed an efficient and cost-effective method to speed up the breeding of scab-resistant barley cultivars, thus improving crop quality for small-grain breeders in the Northern Plains.
|
||
 |
Members of IMF, EU delegations arrive in Budapest for review Members of a delegation from the International Monetary Fund and the European Commission arrived in Budapest on Wednesday for a review of a financial market support package the country was granted in the autumn of 2008, after its bond market locked up.
|
||
 |
Ecostat TOP 100 index rises to 71.8pc Ecostat's TOP 100 measure of confidence of Hungary's biggest hundred companies rose 3 percentage points to 71.8pc in January from 68.6pc in December, revealing a slight improvement in business expectations. The SME index rose 7 percentage points to 67.8pc after falling in December, Ecostat said.
|
||
 |
Researchers fight world hunger by mapping the soybean genome In 2009, soybeans represented an almost $30 billion industry in the U.S. alone, making soybeans the second-most profitable crop next to corn.
|
||
 |
Chinese government highlights seed industry development in 2010 The Chinese government's first policy document of this year provides detailed guidance for the development of the domestic seed industry, suggesting the government will be paying a lot of attention to the industry.
|
||
 |
Hungary November trade surplus EUR 410m Hungary had a EUR 40.9.5m trade surplus in November 2009, hardly changed from a preliminary EUR 411m surplus and down from a EUR 471m surplus in October, the Central Statistics Office said in a second reading published. Trade volumes rose from year-earlier levels for the first time since September 2008.
|
||
 |
€5 billion in total injected into rural development programmes Rural development: €5 billion in total injected into rural development programmes following last vote on Health Check and Recovery package changes.
|
||
 |
The case of the mysterious seafood An unknown percentage of the fish we eat isn't what's it's purported to be – FAO meeting explores how forensic techniques could help address the problem.
|
||
 |
PMI 53.5, reflects growth first time since August 2008 Hungary's seasonally-adjusted Purchasing Managers Index (PMI) grew a sharp 4.4 points to 53.5 in January from December, showing growth in the manufacturing sector for the first time since August 2008, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which publishes the index, said.
|
||
 |
Papai Hus to make HUF 500m technological investment this year Hungarian meat company Papai Hus 1913 Kft will make a HUF 500m (EUR 1.83m) investment in 2010 to modernize its production technology, company CEO Jozsef Politzer said.
|
||
 |
Divisions appear as GM canola is sanctioned West Australian farmers can now grow genetically modified canola after the State Government lifted a ban on the crop. The government has labelled a 12-month trial a success and says WA will now join New South Wales and Victoria where GM canola has been grown commercially since 2008.
|
||
 |
About Hungary's convergence report projects - FinMin Hungary's convergence report envisages a 0.3pc contraction in Hungary's GDP for 2010, GDP growth of 3.7pc for 2011 and GDP growth of 3.8pc for 2012, the Finance Ministry said on its website. Last year, GDP contracted by 6.7pc.
|
||
 |
Hungary unemployment: the extra number - AND THESE ARE ONLY THE REGISTRATED! Hungary's average unemployment rate was 10.5pc in October-December, unchanged from September-November, the Central Statistics Office (KSH) said. Analysts see unemployment stabilising in Hungary.
|
||
 |
Hungary will not introduce Single Payment Scheme in 2010 Hungary will not adopt the European Union's Single Payment Scheme (SPS), a subsidy system for farmers, this year, Agriculture Minister Jozsef Graf said.
|
||
 |
Monsanto to Esteblish Facilities at North Carolina Research Campus Center’s Focus Reflects Monsanto’s Collaborative Approach To Research In Developing New And Improved Plant Varieties
|
||
 |
Key gene helps plants adapt to climate change A group of researchers from the UK has discovered through genetic experiments how plants control their development through their response to changing temperatures.
|
||
 |
Gov't sees smaller, 0.3pc economic contraction in 2010 The government has changed the GDP projection for 2010 from a 0.6pc contraction in the previous update of its convergence programme to a 0.3pc fall in the new update, Finance Minister Peter Oszko said.
|
||
 |
Statement by Mariann on provisional farm income figures I note with great concern that provisional figures for farm incomes per worker in 2009 show a decline of 12.2 percent across the EU as a whole. Clearly, the economic crisis has had a very serious effect on our farmers, with lower demand and relatively high production costs.
|
||
 |
Competition Office fines Penny Market for unfair business practices Hungary's Competition Office (GVH) on Wednesday said it fined discount supermarket chain Penny Market HUF 33m for unfair business practices in two sales campaigns.
|
||
 |
Gov't reviews ways to compensate for annulled property tax The government will review budget reserves and budget chapters in the coming weeks to find ways to meet the deficit target after the Constitutional Court annulled parts of a new property tax affecting homes, Prime Minister Gordon Bajnai said.
|
||
 |
Monsanto Named by FORTUNE Magazine as One of “100 Best Companies to Work For” The February 8 issue of FORTUNE Magazine is scheduled to arrive on newsstands today featuring the business publication’s annual listing of the “100 Best Companies to Work For.” Agricultural leader Monsanto Company (NYSE:MON) has been named to the list; ranking 59th overall and 22nd among the largest companies named to the list. Monsanto is the only agricultural technology company to make the top 100 list.
|
||
 |
Commission proposes additional out-of-quota sugar Commission proposes additional export of out-of-quota sugar in 2009/2010 due to exceptional market situation. No final quota cut for EU producers.
|
||
 |
Hungary dollar bond launch "very succesful" Hungary's USD 2bn bond offer attracted a "very strong" and high-quality response, a source close to the transaction said. The 10-year government bond was priced at 99.86 with a coupon of 6.25pc and a 265bps spread over the 10-year US Treasury bonds.
|
||
 |
Court rules property tax unconstitutional Hungary's Constitutional Court ruled that a tax on high-value properties introduced at the beginning of the year was unconstitutional.
|
||
 |
Haiti’s post-earthquake rehabilitation begins with farmers Priority is spring planting season as thousands flee, food prices rise. FAO Director-General Jacques Diouf (on the picture) said that with the first stage of Haiti's rescue operation now underway the country and the aid effort should simultaneously move to the urgent support of food production, agricultural rehabilitation and reconstruction.
|
||
 |
More than EUR 44bn in EU funding available for renewable energy About EUR 44.5bn in European funding is available to local governments, institutions and companies for renewable energy and energy efficiency developments this year, Energy Centre Nonprofit managing director Laszlo Bus said.
|
||
 |
Sudy on "Public Goods provided by Agriculture in the EU" The Common Agricultural Policy plays a critical role in helping farmers to deliver environmental goods and services, provided that policies are targeted in the right way. This is the key message of a report published today for DG Agriculture and Rural Development by the Institute for European Environmental Policy.
|
||
 |
KWS And BASF Collaborate To Develop High-Yielding Sugar Beet BASF Plant Science and KWS SAAT AG announced recently a collaboration in plant biotechnology.
|
||
 |
Hungary retail sales drop accelerates to 7.8pc in November Retail sales volume in Hungary fell a calendar year-adjusted 7.8pc in November, accelerating from a 7.5pc decline in October, the Central Statistics Office (KSH) said.
|
||
 |
NBH cuts base rate by 25p to 6.00pc, in line with expectations The National Bank of Hungary's Monetary Council reduced the central bank base rate by 25bp to 6.00pc at a meeting, in line with market expectations.
|
||
 |
Ramesh 'disagrees completely' with Pawar over Bt Brinjal Environment Minister Jairam Ramesh Thursday (on the picture right) took on Agriculture Minister Sharad Pawar (on the picture left) over permitting commercial cultivation of genetically modified brinjal, after Pawar was quoted as saying an expert committee’s clearance to this effect was final.
|
||
 |
Hungary elections pose fiscal risk, but markets watch Hungary's upcoming general elections pose "considerable" risks to the current fiscal path but markets are unlikely to tolerate any fiscal "experiments" by the new government, London-based emerging markets analysts said after President Laszlo Solyom had announced the election dates.
|
||
 |
Hungarian business chamber renews agreement with foreign ministry The Hungarian Chamber of Commerce and Industry (MKIK) and the Foreign Ministry signed a renewed cooperation agreement.
|
||
 |
Soft drink maker Buszesz revenue rises 10pc in 2009 Soft drink and vinegar maker Buszesz estimates its revenue rose 10pc to more than HUF 6bn in 2009, CEO Laszlo Zentai said.
|
||
 |
Scorpion venom harnessed for green pesticides In the quest to find a safer, more environmentally friendly agriculture pesticide, researchers have discovered a powerful candidate in scorpion venom.
|
||
 |
Turkey says "not to allow" GMO import below EU standards Turkish Agriculture & Rural Affairs Ministry stated that it would "not allow" import of any genetically modified organisms which were not appropriate to EU standards.
|
||
 |
Chavez announces new discount 'socialist' stores President Hugo Chavez announced a new chain of government-run, cut-rate retail stores that will sell everything from food to cars to clothing from places such as China, Argentina and Bolivia.
|
||
 |
Ten days left to vote on-line for the new EU Organic Logo Just a few days remain for people to vote in the final stage of the EU organic logo competition. The three final logos will be displayed on the Organic logo competition website until 31 January.
|
||
 |
U.S. corn farmers participating in 2009 biotech endorsement program realized premium savings of $50 million Monsanto Qualifying Hybrids Resulted in Significant Savings to Farmers and Taxpayers
|
||
 |
36th International Fair of Agricultural Machinery FIMA The European Commission will have a stand at FIMA, Zaragoza 2010 with a full programme of events during the five days of the show.
|
||
 |
2010 to be difficult year for Hungary 2010 will be a difficult year for Hungary, but recent austerity measures could be an advantage in 2011, National Bank of Hungary governor Andras Simor said at a conference in Vienna.
|
||
 |
€ 18 million EU support for the promotion of dairy products The European Commission has approved 13 programmes in 11 Member States to promote milk and milk products in the EU. The total budget of the programmes, running for a period of three years, is € 35.8 million of which the EU contributes € 17.9 million.
|
||
 |
DuPont dealt setback on biotech seeds A license agreement prohibits the DuPont Co. from combining a proprietary genetic trait with Monsanto's patented trait for herbicide tolerance, a federal judge has ruled.
|
||
 |
Hungary's economy has to grow faster than EU average After the crisis, Hungary's growth rate must exceed the European Union average by two percentage points if the country's economy is to be competitive and attract investors, Prime Minister Gordon Bajnai said at a conference in Vienna.
|
||
 |
Hungary gross wages continue to fall in November Twelve-month gross wages in Hungary fell 3.0pc in November, dropping for the second month in a row, the Central Statistics Office (KSH) said.
|
||
 |
Farmers Shatter Corn Production Records on Fewer Acres The final report from USDA on the 2009 corn harvest is one for the record books. Despite poor planting conditions, a cool, wet growing season, and an abysmal harvest that still sees some corn standing in fields, American farmers shattered records for both yield per acre and total production.
|
||
 |
Hungary construction sector output inches down 14.5pc Output of Hungary's construction sector fell 14.5pc according to both adjusted and unadjusted figures in November from the same month a year earlier, accelerating from a decline of 2.4pc in October, the Central Statistics Office (KSH) said.
|
||
 |
Bangladesh trials GM crops Agricultural scientists in Bangladesh are undertaking research to develop genetically modified (GM) varieties of eggplants and potatoes, the country's Daily Star reported.
|
||
 |
Summary of the hearing of Dacian Ciolos The future of the CAP after 2013 and its budgetary aspects, the use of direct payments, the volatility of prices in the food markets and ongoing international negotiations were among the topics raised by MEPs during the hearing of the Romanian Commissioner-designate for agriculture and rural development.
|
||
 |
Industrial output falls 7.0pc in November Hungary's industrial output fell an unadjusted 7.0pc and a workday-adjusted 9.2pc in November from the same month a year earlier, the Central Statistics Office (KSH) said in a second reading. The figures compare to an unadjusted drop of 7.0pc and an adjusted fall of 9.3pc in a first reading published.
|
||
 |
Monsanto: expansion in annual research and development presentations Even as the first two of its High Impact Technologies (HIT) graduate from its pipeline, Monsanto Company (NYSE: MON) is preparing for the next wave of innovation heralded by new and early-stage projects, company leaders will tell investors.
|
||
 |
European Biomass Conference and Exhibition, Lyon, France The 18th European Biomass Conference and Exhibition will be held from 3 to 7 May 2010 in Lyon, France. The conference will be a platform for discussing the outcome of United Nations Climate Change Conference in Copenhagen and national energy strategies.
|
||
 |
Hungary can meet 2010 budget targets if fiscal policy remains tight Hungary can meet the targets in the 2010 budget, but only if it sticks to the current tight fiscal policy, Prime Minister Gordon Bajnai said, answering a question put to him during a visit to financial market watchdog PSZAF.
|
||
 |
Hungary December inflation picks up to 5.6 pc Hungary's twelve-month consumer price inflation accelerated to 5.6pc in December from 5.2pc in November, the Central Statistics Office (KSH) said.
|
||
 |
Ecostat sees industrial output rising in May Ecostat expects the fall in Hungary's industrial output to come to a halt by spring, mainly because of a low base, but its sees retail turnover continuing to fall, the economic research company said in its fresh Mikroszkop report, which offers projections for the month of May.
|
||
 |
Győr: International partnering event The National Office for Research and Technology of Hungary is organising a partnering event entitled 'Creating proposals for transnational research projects - establishing partnerships' on 14 January 2010 in Győr.
|
||
 |
Monsanto, Stokes Bio sign license agreement for innovative gene analysis technology Monsanto Company (NYSE:MON) and Limerick-based biotechnology firm, Stokes Bio Limited, announced today that they have entered into a licensing agreement and R&D collaboration, which is expected to help accelerate the pace of new advancements in plant breeding.
|
||
 |
British researchers develop GM potato A TRIAL to develop genetically modified potatoes that would save British growers more than £40 million a year has been successful, initial results have revealed.
|
||
 |
Fall in farm gate prices slows to 5.2pc in Nov The twelve-month fall in farm gate prices in Hungary slowed to 5.2pc in November from 7pc in October, the Central Statistic Office (KSH) said.
|
||
 |
Hungary CPI close to high end of 5-6pc range, says City Hungary's headline consumer inflation is likely to have gained further momentum last month driven by strong food and fuel price dynamics, accelerating well above 5pc, but is set to plunge below the 3pc target later this year, London-based emerging markets analysts said prior to the release of the December CPI figures.
|
||
 |
Organic farmers must embrace GM crops if we are to feed the world The organic movement should overcome its hostility to genetically modified crops and embrace the contribution that they can make to sustainable farming, one of the world’s leading agricultural scientists has told The Times.
|
||
 |
Oszko sees deficit reaching three-fourths of full-year target in Q1 Hungary is expected to run up HUF 651.3bn of the projected full-year HUF 870.3bn cash flow-based deficit for 2010 in the first quarter of the year, Finance Minister Peter Oszko said.
|
||
 |
Dow AgroSciences, KeyGene Enter Into a Trait Development Agreement Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW), and Keygene N.V. announced that they have entered into a Trait Development Agreement.
|
||
 |
Hungary cereal harvest drops 18pc in 2009 Hungarian farmers harvested 11.9m tonnes of cereals in 2009, down 17.8pc from 2008, according to preliminary Central Statistics Office (KSH) data published.
|
||
 |
Csaba Kilian to take over as acting head of state trade and investment agency The economy minister has asked Csaba Kilian (on the photo), investment director at the Hungarian Investment and Trade Development Agency (ITD Hungary), to take over as acting head of the agency after director Gyorgy Retfalvi was sacked on Monday, the ministry said.
|
||
 |
Weed issues in United States GM cotton crops A scientific study of the United States' genetically modified cotton crop has found out of control weeds are costing farmers in lost production.
|
||
 |
Future of the CAP: Rural Development Policy Agriculture and Fisheries - Report. The Council held a policy debate on the future of the CAP, with a particular focus on rural development policy (15372/09). The Council debate on the future of rural development policy is the continuation of previous discussions under the Czech and French Presidencies, which focused on the first pillar of the CAP.
|
||
 |
Simplification of the CAP Agriculture and Fisheries - Report. The Council took note of the views expressed by ministers on the Simplification of the Common agricultural policy (CAP) based on a Commission staff working document (16208/09).
|
||
 |
The peace, the European Union and Sudan Declaration by the High Representative on behalf of the European Union | ||