Food prices in Latvia will grow by less than 4% in 2024, Ieva Opmane, economist at the Bank of Latvia, forecast, LSM reports. The price hike will be higher than average inflation but much less than in 2023 and 2022, she said. The rise in food prices will depend on consumer income, energy prices, harvests,…
The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…
Food prices in Estonia continued to rise sharply in June 2023 compared to the year before but remained relatively stable from a month earlier, according to data from the Estonian Institute of Economic Research (EKI), ERR reports. The price increases were particularly notable for meat and dairy products. The price of sugar has risen from…