Farmers’ Saeima: The result of the “Valainis memorandum” is a more challenging cooperation with supermarkets

In the assessment of the Farmers’ Saeima association, the memorandum on reducing food prices, which was signed this spring by the Ministry of Economics (EM), retailers, and food producers, has so far not delivered the promised result. Member of the board of the Farmers’ Saeima association, Mārtiņš Trons: “Politicians stirred the air, but there is still no result or visible benefits. Quite the opposite – cooperation between farmers and retailers has become even more challenging.” By signing the memorandum on reducing food prices […]

The largest shareholder of APF Holdings is establishing a new international food production group of companies, Agrova International

APF Holdings (hereinafter – APF), which includes one of the largest poultry and egg production companies in Latvia, SIA Alūksnes putnu ferma, whose largest shareholder is Jurijs Adamovičs, has established a new food production group, Agrova International, with the aim of becoming a rapidly growing European-level producer of poultry, eggs, and innovative egg products. Agrova International has taken over from Jurijs Adamovičs […]

Nestlé will sell Pols ice cream and other popular ice cream brands

Food Union has agreed on the sale of its ice cream business. The new owner will be the international ice cream manufacturer Froneri, which is owned by Nestlé and PAI Partners. The value of the transaction has not been disclosed and must still be approved by the Competition Council. The proposed transaction will include only the ice cream business in Latvia which, after being separated from the dairy products business, will be established as a separate legal entity. It is planned that the transaction will be completed in the coming […]

APF Holdings introduces a healthy loyalty program for shareholders

On World Egg Day – October 10 – the APF Holdings group of companies is launching a new investor loyalty program. It has been developed to strengthen the long-term cooperation between the company and its investors by providing practical added value – the opportunity to get to know more closely the company’s premium-class healthy nutrition and innovation brand Fiteg2. The investor loyalty program provides for three membership levels – Bronze, Gold and Platinum, and the benefits increase along with […]

Valainis yields to retail chains: penalties for unfair commercial practices will not be increased, local producers will not be defended

Although the beginning of this year was marked by the grand plans of Minister of Economics Viktors Valainis to “put in their place” the large food retail chains, by the end of summer the plan has faded – the minister has given in to pressure from retailers and no longer intends to increase penalties for unfair commercial practices. At the end of last year, when presenting the plan to limit food retail prices, one of the action points of the Ministry of Economics […]

5.4 million euros will be invested in expanding the Spilva production plant

The food production company Orkla Latvia will invest 5.4 million euros in the sauces and ready-made meals brand Spilva production plant in Spilve, Babīte. The extensive investment plan envisages expanding the production building and modernizing the main production lines in order to ensure a rational production flow and automation possibilities, as well as to increase production speed and reduce staff workload. “Spilva’s most popular product types – mayonnaises and sauces […]

Valmiermuiža beer gives in: will be sold to Cēsu alus

At the end of August, the owner of Valmiermuiža Beer, Aigars Ruņģis, issued a statement in which, complaining about unfavorable conditions for the small brewery business, he questioned the usefulness of investing in development. Now the owner announces that he is ready to join Cēsu alus, which belongs to Finns. At the end of August, the owner of Valmiermuiža Beer, Aigars Ruņģis, issued a statement in which, complaining about unfavorable conditions for the small brewery business, he questioned the usefulness of investing in development. Now the owner […]

Due to the Riga City Council, children in Riga schools may be left without lunch

For several months now, the Riga City Council has been delaying the signing of contracts with the companies that won the right in the spring lottery to provide catering for children in 25 Riga schools. Meanwhile, the previous caterers, who were less fortunate in the 53-million-euro draw, are refusing to vacate the premises of the school canteens, the winning companies report. There are three weeks left until the start of the school year and the first food portions – for the companies that […]

Chocolate prices are rising rapidly, but this company has a solution

Voyage Foods produces alternatives to products such as coffee, peanut butter, and chocolate. But is chocolate really chocolate without cocoa? ! The original article is available on inc.com. The article has been translated with the help of artificial intelligence. It has been proofread by an editor and contains no factual errors, but the language style has not been edited. The prices on the chocolate shelves are starting to taste a little bitter. It is expected that in 2025 […]