Latvia: Latvian Dairy Industry Under Pressure of the Russian Import Ban

It is estimated that in 2015 milk deliveries in Latvia will decrease by 0.5 percent compared to the previous year’s level. The Russian ban reduced export demand and resulted in a drop of farm-gate milk prices. It is estimated that in 2015 a higher share of milk production will be processed into butter and non-fat dried milk, which can be sold or stored within the EU intervention programs or exported. In response to the European Commission’s market intervention measures until November 15, 2015 Latvia placed 8,921 of Non Fat Dried Milk (NFDM) into the PSA stocks and 606 MT of butter, and 643 MT of NFDM into EU intervention program. 

Latvia: Latvian Dairy Industry Under Pressure of the Russian Import Ban