Agriculture, Baltic Export, Estonia, Good for Business, Markets and Companies

"One reason for the increase in profitability is the overproduction of meat at the European Union market due to sanctions against Russia, which has made raw material cheaper," said the Ministry of Agriculture Trade and Agro-Industry Department Head Taavi Kand. "However, the prices of meat products in shops and markets have not declined significantly."

According to preliminary data of Statistics Estonia, the meat processing industry exported in 2014 42.4 million euros worth of production, which is 38.4% more than the year before. 10.2 million euros was invested in meat processing industries last year, most of it for the acquisition of machinery and equipment and inventory.

According to the short-term data of Statistics Estonia, at the end of 2014, 57 companies operated in the Estonian meat processing sector, which employed a total of 2,905 people.