Food Industry News

Latvia continues to lose from Russia prodembargo

Latvian dairy producers could find 20 new markets after the introduction of the food embargo by Russia, but to fully compensate the loss still did not succeed, he said in an interview to the Latvian radio Baltkom country's Minister of Agriculture Janis Duklavs.

"We export milk in 20 new countries, fishery products - in even more. If we were bankrupt, then you would have heard about it. But the volume that was exported to Russia, will not be sold. Neither China nor America in such volumes do not buy our products ", - said Duklavs.

According to the minister, he reports "RIA Novosti", an exception was the company Laima.

"It is a market completely transferred to other countries. There are a couple of co-operatives, which are transferred to other countries markets: Kazakhstan, Russia, the markets outside the EU, such as China. You have to understand that the search for a new market does not take a month and five - on these issues have to work for years ", - said Duklavs.

In June, the Ministry of Agriculture of Latvia submitted a report, which stated that the extension of the Russian food embargo until the end of the year 2017 can cause damage to agriculture of the country worth over 250 million euros. At the end of the year 2015, the total losses of Latvia exceeded two hundred million euros.

Russia and the West's relations soured because of the situation in Ukraine. In late July 2014, the EU and the United States from the point of sanctions against certain individuals and companies have moved to the measures against entire sectors of the Russian economy. In response, Moscow has limited food imports from countries that supported restrictions.

See also ... 07/06/2016 Latvia: milk prices collapsed to a new low19 / 04/2016 Sholks: there wasn’t so much milk in Latvia06 / 02/2015 Latvia: milk prices reached their “bottom” in March25 / 05/2016 Latvia rendered assistance to its milkmen in the amount of € 6,2 million21 / 01/2015 Experts: “milk” fines in the EU will break records 22/05/2015 Purchase prices for milk in Latvia fell by 33% mln20 / 11/2014 Latvian farmers can still hope for help28 / 30/10 Purchase prices for milk have increased in Latvia2014 / 23/09 Latvia: Purchase prices for milk are again falling2016 / 21/10 regular enrollment Baltic States want to create a single brend2015 / 24/08 In Latvia, falling purchase prices for moloko2015 / 07/10 Latvia may appear black market moloka2014 / 05/11 Latvia's economy began to fire rabotnikov2014 / 08/09 Latvia: farmers forced to sell cattle

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