International Internet Magazine. Baltic States news & analytics
Tuesday, 27.09.2016, 06:38
Agricultural produce purchase prices in Lithuania dropped by 3.5% in August compared with a year ago, data from Statistics Lithuania showed on Friday, reports LETA/BNS.
Keyword tags: Agriculture, Analytics, Lithuania, Statistics
In connection with increase in the purchase price of milk in global markets, the Food Union dairy concern in September increased the purchase price of milk for approximately 400 cooperation partners, while at the same time predicting that the increase in the purchase price of milk will also lead to an increase in the price of dairy products sold at stores, representative of Food Union told BC.
Shareholders and bondholders of the Danish farm group Trigon Agri have concluded a preliminary agreement on the main terms and conditions of a proposed full conversion of a debt of 350 mln Swedish kronor or approximately 38 mln euros into new shares of Trigon, which would make the bondholders majority owners of the group, informs LETA/BNS.
The Latvijas Piens dairy plant has started working closely with a dairy company in Estonia, supplying to it around 100 tons of milk a month and taking back milk and kefir, reports LETA/BNS.
Although dairy, meat and fish producers have been actively looking for, and finding, new markets since Russia's embargo, they have not been able to consolidate their foothold in all of the new markets during the past one-and-a-half years, which means that more active state support is necessary, according to the Agriculture Ministry's report that the government will review at its next meeting on September 6, reports LETA.
The annual potato, onion, pumpkin and other vegetable harvest is rather good this year, however, the situation is being hampered by the recent rains, meaning that the actual gathering of these vegetables has been delayed for almost a month, meaning that they will have to be harvested at lightning speed once possible, the head of the Musmaju Darzeni vegetable co-op Edite Strazdina told LETA.
Consolidated net profits of Baltic Mill, the Baltic milling group, stood at 852,000 euros in the past financial year, up by a factor of 3.6, from 238,000 euros, in the year before, Baltic Mill informs in a statement to the Nasdaq Vilnius stock exchange.