Posts tagged as Latvian Federation of Food Companies

Rapid production cost increase observed in Europe for specific foodstuffs

Friday, November 2, 2018

More and more European food producers mention rapidly growing production costs. This was caused by lasting drought and heat in summer and the follow-up drop in grains harvest across most of Europe, as well as fuel and packaging material price rise, as reported by Latvian Federation of Food Companies. Unexpected heat and drought this year has decreased grains harvest in most of Europe and multiple other major grain-producing countries. This…