Lithuania: Lithuanian Dairy Industry Strongly Affected by the Russian Ban

It is estimated that in 2015 milk deliveries in Lithuania will remain at the previous year’s level. The Russian import ban and reduced export demand resulted in a drop of farm-gate milk prices, a reduction of cow numbers and change of the dairy processing industry production profile. 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 Lithuania placed into the intervention and PSA stocks 6,122 MT and 8,277 MT of Non Fat Dried Milk, respectively. 

Lithuania: Lithuanian Dairy Industry Strongly Affected by the Russian Ban