Last week, the Swedish newspaper Dagens Nyheter (DN) reported a likely consequence of the current heat wave - the heat can cause food prices in several countries to rise. Mikael Jeppsson, Head of the Lantmännen Grain Unit, was one of the people interviewed.
"There is a shortage of grain in Sweden and throughout Europe. In recent months, grain prices in Europe have risen by 20-25 percent. How this in turn will affect food prices in Sweden is difficult to tell now, and in the end, it is the wholesalers who decide the price, but I think the food will be more expensive. It may take some time until it has an effect, but the price of the commodity rises, as I see it, food prices will rise as well, says Mikael Jeppsson
Read the full article (in Swedish) in DN at https://www.dn.se/ekonomi/varmeboljan-kan-fa-matpriserna-i-flera-lander-att-stiga/. Lantmännen's harvest forecast for 2018 is available at https://lantmannen.com/en/press-and-publications/news/lantmannen-forecasts-the-lowest-harvest-in-twenty-five-years-in-sweden/.
For more information, please contact:
Lantmännen press office
Phone: +46 10 556 88 00