Wallenberg outraged by food boycott

Food boycott is completely misguided, thinks the business world's strong man, Jacob Wallenberg. It is to target the wrong people for our anger, I think that is unfortunate.

» Published: March 18 2025

Wallenberg outraged by food boycott
Photo: Jonas Ekströmer/TT

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Jacob Wallenberg – chairman of the Swedish Enterprise, but also a business leader through all the companies controlled by his family – is outraged by the ongoing food price debate. It is not based on facts at all, he thinks.

I understand that people think it's expensive to buy food, that people are struggling. But it would be fitting if the discussion were based on facts, says Wallenberg.

He is so irritated by the debate that he himself raises the issue during a question-and-answer session with journalists in connection with the Swedish Enterprise's Business Days in Stockholm.

It's not the individual food retailers that have created this situation, it's crop failure, it's inflation and so on. It's the same situation throughout Europe.

He points to EU statistics showing that Swedish food prices have increased less than the EU average over the past four years.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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