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Orkla, commodity prices | The Orkla chief warns of price shocks after commodity prices have skyrocketed

Now food prices can rise.


The grocery giant Orkla, which among other things has the Grandiosa pizza as one of its products, is looking at concerns about what awaits in the time ahead. Now that they are on their way out of the pandemic, the food industry is experiencing that they have to pay much more for important raw materials.

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– It is an extreme commodity situation, with incredibly high commodity price increases. Sugar is up 40 percent, vegetable oil is up 60 percent, transport from China is ten times as expensive, and often there are delays as well, says Orkla CEO Jaan Ivar Semlitsch to Today’s business.

Increased 70 percent

He goes on to say that he has not seen such a situation in 20 years, and that the grocery giants will have to increase food prices.


The Agra food group, which owns Mills, is also concerned about the situation. CEO Knut K. Heje informs Today’s business that the price of rapeseed oil has risen by an incredible 70 percent in the last year.

Ringnes and Kiwi are also among those who believe prices will generally increase.

May be delayed Christmas gifts

Kiwi is also fully aware that customers will soon have to settle for more expensive food in the store, and says that there is a lot of pressure on the global supply chains. NHO is now following the situation closely.

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– There has been a halt in the value chain which has meant that it has not been possible to work as usual. The concern is that there will be cost increases and delays, perhaps even missing deliveries in some places. Then I will be careful to say what it will mean for the prices, says head of NHO Mat og Drikke, Petter Haas Brubakk, to Today’s business.

He adds that in the worst case, this year’s Christmas gifts may not arrive until January 2022.

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