International Internet Magazine. Baltic States news & analytics
Thursday, 28.07.2016, 00:04
Nordic Sugar Kedainiai, the Lithuanian unit of Denmark's Nordic Sugar, one of the biggest sugar producers in Europe, last year posted a 13.5 % revenue growth as a decline in its sugar output was offset by a rise in sugar prices. The company reported 82.799 mln euros in revenue for the last financial year, up 13.5% from 72.932 mln euros a year earlier,writes LETA/BNS.
Keyword tags: Agriculture, Industry, Lithuania, Markets and Companies
Dairy farmers in Finland are worried about growing milk imports from the Baltic states, saying that political discussion has completely sidestepped the growth of milk production in Estonia, Latvia and Lithuania as it focuses on large producer countries, the website of Finland's YLE public broadcaster reported,cites LETA.
Joint-stock dairy company Preilu Siers posted EUR 62.64 mln in turnover last year - a 23% increase on EUR 50.63 mln turnover in 2014, according to Firmas.lv, writes LETA.
About 15-16 % of agricultural land in Latvia belong to foreigners, Martins Trons, an expert of the Latvian faming association Zemnieku Saeima (Farmers’ Assembly), said at the meeting of the parliamentary committee on mandates, ethics and submissions on Wednesday, reports LETA.
Latvian egg producer Balticovo last year generated EUR 45.9 mln in turnover, up 7 % from 2014, when the company's turnover was EUR 42.8 mln, and showed a profit of EUR 5.6 mln at a more than double growth compared to the 2014 profit of EUR 2.15 mln.
European Commission approves EUR 500 mln support for farmers, including EUR 31.2 mln for the Baltic countries
The European Commission on Monday approved a new support package worth EUR 500 mln for European farmers, particularly dairy farmers, to help them cope with ongoing market difficulties, writes LETA.
Dairy Board, which two years ago under the name of Sigilo KV bought insolvent dairy company Bauskas Piens and with Russian investors’ help started building a plant last year, is now planning on investing EUR 18 mln in development in the next three years, informs LETA.