“The accumulating risk is food products that are currently cheaper (….), but we already see that due to more expensive energy, supply chain disruptions, and higher transportation costs, grain prices are rising,” said the bank economist Nerijus Mačiulis during the presentation of the latest economic forecasts on Tuesday.
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“Also considering the massive fires, destroyed crops, possible disruptions from Ukrainian and Russian exports, this is probably one of the main inflationary risks for 2027 – a much greater increase in food prices than we have seen so far,” he added.
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