Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Dairy prices set to rise by ten percent, says expert

Dec 10, 2013
From wire reports, RIGA

The prices of dairy products are set to rise by ten percent next year as global demand for dairy products increase. Agricultural Market Promotion Center head Inguna Gulbe has said,

''There has been a 25 percent increase in global demand for dairy products this year. Asia purchases about 55 percent of the global dairy products, as demand in this region continues to increase. We are seeing a substantial increase in demand for dairy products in Russia as well,'' Gulbe said.

''Even though the price of dairy products has been relatively stable in recent years, we will most likely see an increase between five to ten percent next year,'' Gulbe admitted, while at the same time adding that the consolidation of dairy companies will continue next year.

''Smaller dairy companies will either join up with larger ones or disappear. These companies produce just for the domestic market, and do not export. These niche products are very interesting of course, but they will become so expensive to produce, that they will just cause losses for the company. Companies that export their products have much better outlooks. Of course, milk farmers are expected to have a good year as well next year,'' Gulbe added.

The Agricultural Market Promotion Center was created in 1995 as a part of the Latvian State Institute of Agrarian Economics. It collects and collates information about the price and amount of specific agricultural products and submits it to the European Commission. The acquired information is used to assess the situation in the production of agricultural products and on the market, to ground intervention measures, and to establish the customs value of specific agricultural products, reports nozare.lv.

 MORE NEWS
  • Rinkevics discusses security i...
    On Tuesday, April 15, Latvian Foreign Minister Edgars Rinkevics was on a working v...
  • Latvia not under threat, says ...
    Russian Ambassador to Latvia Alexander Veshnyakov, interviewed by LTV, reassured v...
  • Update - McCain: full U.S. sup...
    If every nation of the world would behave as Russia does, in invading or threateni...
  • Kremlin signing up local troop...
    Local residents recruited by Russians are seizing governmental buildings in eas...
  • Russia’s ‘green men’ work to d...
    The role of right-wing nationalist parties in Ukraine is greatly exaggerated by...
  • EU prepares sanctions, money, ...
    In a phone discussion with LETA on April 14, Latvia’s Foreign Minister Ed...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.