Latvia: Latvian Dairy Industry Still Under Pressure of Russian Export Ban

It is estimated that in 2016 milk deliveries in Latvia will be one percent lower than in the previous year. The Russian ban reduced export demand and resulted in a drop of farm-gate milk prices. It is estimated that in 2016 higher share of milk production will be processed into cheese and butter which are in demand on the export market. In response to the European Commission’s market intervention measures till August 16, 2016 Latvia placed 4,763 MT of Non Fat Dried Milk (NFDM) into EU intervention program.

Latvia: Latvian Dairy Industry Still Under Pressure of Russian Export Ban