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Estonian Supermarket Update: Dairy Prices on a Downward Trend in March

Estonia 03.04.2024
Source: The DairyNews
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In March, Estonian supermarkets witnessed a notable decline in dairy product prices, with bagged milk leading the trend with significant drops compared to the previous year. However, meat and egg prices experienced an upward trajectory over the same period.
Estonian Supermarket Update: Dairy Prices on a Downward Trend in March
freepik.com
According to data released by the Estonian Institute of Economic Research (EKI), all dairy products exhibited a decrease in prices when compared to March 2023 figures. Bagged milk, in particular, witnessed a substantial decline of a quarter, plummeting from €0.89 to €0.67 per liter on average last month. Conversely, milk in cartons experienced a more modest decrease, dropping from €1.24 to €1.20 per liter, or 3 percent, year-on-year, with prices remaining stable month-on-month.

Sour cream also showed a notable decrease in price, declining by 14 percent from €3.67 to €3.16 since March 2023, and by 9 cents since February. Similarly, the price of coffee cream decreased by 9 percent to €2.47 per liter, while bagged kefir, small packages of butter, and cheese saw declines of 8 percent, 6 percent, and 5 percent respectively on an annual basis.

In contrast, both domestic and imported egg prices increased compared to the previous year. Among domestic eggs, medium eggs in a ten-count carton experienced the highest increase, rising from €2.57 to €2.75 per carton. Similarly, large imported eggs saw a significant price hike, climbing from €2.47 to €2.64 per carton year-on-year. However, medium imported eggs witnessed a marginal decrease of 5 cents per carton.

While domestic egg prices decreased slightly by an average of 3 cents per carton compared to February, import egg prices saw a slight increase last month.

The fluctuating prices across dairy, meat, and egg products in Estonian supermarkets reflect ongoing market dynamics, with consumers potentially benefiting from the downward trend in dairy prices amid a backdrop of mixed movements in other categories.
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