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Economy

Hong Kong market opens up for Lithuanian dairy products

The authorities of Hong Kong Special Administrative Region of the People’s Republic of China have officially approved the certificate of importing Lithuanian dairy products, Lithuania’s State Food and Veterinary Service (VMVT) said. […]

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Food Union to reduce prices for dairy products in Latvia

In wake of Russia‘s embargo on dairy imports from Europe, Latvia‘s Food Union food group will reduced the price of its dairy products for the local market by up to 30%, with the aim of selling more of its products in Latvia and supporting Latvian farmers, writes LETA. […]

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Uncategorized

What Latvian farmers should do with the spare milk?

Due to Russia‘s ban on import of food products, there is now overproduction of dairy products, while procurement prices for milk are falling and many Lithuanian dairy companies have terminated their contracts with Latvian dairy farms, therefore the state should provide support for not only specific companies, but also for dairy farms, experts told the business portal Nozare.lv. […]

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Estonian dairy director: Concern is for local farmers and big Lithuanian processing plants

The deputy chairman of the Tere milk processing company, Ülo Kivine, says he is most worried for Estonian dairy farmers after Russia slapped an embargo on Western agricultural products. […]

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Economy

Milk price drops 20 percent

Indicated milk price in the European market decreased even more, it is the lowest it has been for 18 months. On 31 July, milk price stood at LTL 1,19 (EUR 0,35) per 1 kilogram. It is by LTL 0.03 (EUR 0.01) less than one week ago. […]