Finland’s economic growth and exports are expected to support demand in the food sector, while higher prices for energy, fertiliser and other inputs weigh on the outlook. This is according to a forecast from Pellervo Economic Research, PTT. Food prices are expected to rise by 1.5 percent this year and 2.5 percent next year.
Prices of agricultural inputs are expected to increase by an average of 5 percent this year, with fertiliser rising by 20 percent and energy by 24 percent.
Agricultural entrepreneurial income is expected to fall to around 1.25 billion euros.
The value of food exports is meanwhile estimated to increase by approximately 4 percent, while imports are growing faster.
