Estonia losses own agricultural production

Estonia losses own agricultural production
Avaldatud 02. juuli 2019.a.
Against the background of news about the extension of the economic package of EU sanctions against Russia, one of Estonia's most significant vegetable growing and processing companies Sagro AS announced a change of ownership. According to experts, in the future, several agricultural companies may leave the market.

The main reason for the termination of activities is the inability to compete in the cost of goods with large producers from other European countries, as well as with small companies located in the southern regions of the EU. Vegetables grown in Estonia are often five times more expensive than their foreign analogs. Also, the closing of a large number of enterprises led to the fact that most of them were focused on sending products to Russia, and could not reorient to the Western market. The current sanctions are only aggravating the situation in the industry.

Sourсe: ee.sputniknews.ru