Agriculture, Analytics, Export, Good for Business, Latvia
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Tuesday, 23.04.2024, 18:33
Total grain harvest in Latvia projected at 2.544 mln tons this year
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According to the
Agriculture Ministry's data, although the total harvest this year will be not
as good as originally anticipated, the average harvest per hectare will be
record high - 44.9 quintals, compared to 34 quintals in 2015, 33.4 quintals in
2014 and 34.1 quintals in 2013.
Wheat will make up about
73% of the total grain harvest this year, which is about the same as usual.
On the other hand, grain
price projections are not very hopeful and the prices are likely to be lower
than last year due to good grain harvest in the entire European Union.
For instance, wheat
price in Latvia this past June was 26% lower than in May 2015 - EUR 146.18 per
ton. This is 4% less than the EU average, 1% lower than in Lithuania, but 5% higher than in
Estonia.
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