Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. 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

Milk prices tumble as Russia food embargo takes its toll

Aug 11, 2014
From wire reports, RIGA

Milk prices tumble as Russia food embargo takes its toll

Lithuanian dairy firms have terminated contracts with Latvian dairy farms amid a Russian ban on food imports from the West.

Lithuanian firms now claim there is an overproduction of dairy products and no export market after Russia announced it had placed sanctions on food products crossing its borders.

Sandra Stricka, head of the dairy group Latvian Agricultural Organization Cooperation Council said producers should quickly seek new export markets as the Latvian market is too small for  local production. 

"Several farmers report that Lithuanian companies are terminating their contracts with Latvian farmers, while prices for milk are falling," Stricka said.

She added that the government and EU institutions should find a solution on how to improve the current situation and seek new export markets for local farmers.

Deputy CEO of the Latvian Agricultural Organization Cooperation Council, Armands Krauze said that the government should lobby farmer interests in an effort to secure compensation payments from EU funds.

"We must prevent another crisis scenario, when farmers were able to receive the EU aid only in two years after the crisis was over. The funds should be requested from Brussels, as it would be wrong to use Latvia's budget funds which are required for other social groups," Krauze said.

 MORE NEWS
  • VIDEO: KGB, Torture and Soviet...
    A new NATO video looks inside the KGB prison where Latvians were locked up, tortur...
  • Russia denies claims military ...
    Russia has denied claims one of its jets violated Estonian airspace earlier this w...
  • Top travel site names Lithuani...
    Lithuania has been named a top travel destination in 2015 by leading travel websit...
  • Baltic leaders set for top rol...
    The European Parliament on Wednesday voted in favor of Jean-Claude Juncker'...
  • Estonia pioneers e-residence s...
    Estonia will issue identity cards allowing access to its digital services to pe...
  • EU upholds sanctions against R...
    The EU has agreed to furthering sanctions against Russia amid the crisis in the...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.