Nõo Lihatööstuse head: inflation in meat market has slowed markedly

Ragnar Loova, CEO of Nõo Lihatööstus, said in the morning programme of Kuku radio that the pace of inflation in Estonia's meat market has slowed significantly. The meat sector has experienced substantial price increases in recent years, but the situation appears to be stabilising.

Nõo Lihatööstus CEO Ragnar Loova said on Wednesday on Kuku morning radio that the pace of inflation in Estonia's meat market has clearly slowed recently. This is a positive signal for both consumers and the food industry as a whole.

According to Loova, the changes in the meat market are linked to both the stabilisation of raw material prices and the normalisation of energy costs. Previously, high energy and feed prices created significant pressure on final product prices, but the situation has improved somewhat now.

Nõo Lihatööstus is one of Estonia's largest meat product manufacturers, and the company's CEO's assessments reflect broader trends across the sector. Consumers have had to contend with higher food prices in recent years, so the slowdown in inflation is an important development from the perspective of Estonians' daily affordability.