Agriculture, Foodstuff, Good for Business, Latvia, Markets and Companies

"Our products are a part of the basic food product basket. The more we cook at home, the more we consume flour, and flour and grain products. This chain is simple. Therefore we expect that the demand will grow in fall, and we are ready for it," he said, adding that the country might see some restrictions due to the pandemic in fall.

Amsils said that the company might see some new markets, but the company right now has focused on strengthening the position in the existing markets.

"Our goal is not as much to increase the number of new countries as to improve service level and increase business volumes in the existing markets. At present we physically cannot get into new markets because our production capacity is at 100%," said Amsils, reminding that the company is exporting its products to about 70 countries.

According to Amsils, the company sells more than 60% of its total turnover in foreign markets. This year the company might keep the same export volume, but next year exports might grow in relation to the new plants that will be completed this year.

Dobeles Dzirnavnieks grain mil turned over EUR 129.638 mln in 2019, which is an increase of 10.5% against a year before, while the company's profit rose 11.5% on year to EUR 4.199 mln.

Dobeles Dzirnavnieks was registered in 1991 and its share capital is EUR 3.897 mln. The company's largest shareholder with 93.99% of shares is the Estonian grain producer Tartu Mill.