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    Home > Food News > Food Articles > Food prices are expected to rise in Estonia in the coming months

    Food prices are expected to rise in Estonia in the coming months

    • Last Update: 2021-09-28
    • Source: Internet
    • Author: User
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    The Estonian Public Broadcasting Network (ERR) reported on September 24 that Sirje Potisepp, CEO of the Food Industry Association, said that food prices will rise in the next few months
    .
     
    Porticep explained that electricity and fuel prices are two of the basic cost components.
    In the past year, the price of industrial electricity has increased by 2.
    5 times, and the price of natural gas has almost tripled-from 20 euros per kilowatt hour to 60.
    Euro
    .
    In addition, the cost of packaging materials has risen by an average of 25%, especially plastic products
    .
     
    At the same time, the prices of raw materials have also risen.
    For example, the price of rye has risen by 30%
    .
    The foundation of the entire food industry is grains.
    The pressure to increase prices comes from the entire supply chain of primary producers, while farmers want more fair remuneration
    .
    On the other hand, since the beginning of the year, chain stores have competed with each other for prices, and competition between food manufacturers has also been fierce.
    One of the factors is the impact of products subsidized by major European countries
    .
     
      Porticep said that ordinary consumers will not easily accept a two-fold increase in electricity prices
    .
    Many Estonians live on the edge of poverty or poverty.
    60% of Estonian consumers pay attention to commodity prices and purchase discounted goods
    .
    Obviously consumers' lives are becoming more and more expensive, and people will be surprised if a liter of milk in the store soon sells for 0.
    9 euros
    .
     
      Before the increase in electricity prices, the Estonian consumer price index has grown to 5% annually in recent months
    .
    Food industry food prices
     
      Porticep explained that electricity and fuel prices are two of the basic cost components.
    In the past year, the price of industrial electricity has increased by 2.
    5 times, and the price of natural gas has almost tripled-from 20 euros per kilowatt hour to 60.
    Euro
    .
    In addition, the cost of packaging materials has risen by an average of 25%, especially plastic products
    .
     
      At the same time, the prices of raw materials have also risen.
    For example, the price of rye has risen by 30%
    .
    The foundation of the entire food industry is grains.
    The pressure to increase prices comes from the entire supply chain of primary producers, while farmers want more fair remuneration
    .
    On the other hand, since the beginning of the year, chain stores have competed with each other for prices, and competition between food manufacturers has also been fierce.
    One of the factors is the impact of products subsidized by major European countries
    .
     
      Porticep said that ordinary consumers will not easily accept a two-fold increase in electricity prices
    .
    Many Estonians live on the edge of poverty or poverty.
    60% of Estonian consumers pay attention to commodity prices and purchase discounted goods
    .
    Obviously consumers' lives are becoming more and more expensive, and people will be surprised if a liter of milk in the store soon sells for 0.
    9 euros
    .
     
      Before the increase in electricity prices, the Estonian consumer price index has grown to 5% annually in recent months
    .
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