Valio in 2023: Valio defended its position in a challenging operating environment
The operating environment in 2023 was once again challenging for Valio and the entire food industry. The war in Ukraine and general economic uncertainty continued. Weakening consumer purchasing power and the drastic decline in the global market prices of industrial dairy products together with cost inflation, reflected on Valio’s result. Farms also continued to face a tight economic situation: costs were around 30 per cent higher at the end of 2023 compared to the beginning of 2021, although the rise in costs did ease during the year. In the challenging operating environment, Valio continued