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EU Commission approves EUR 28 mln support package for Baltic milk producers

BC, Riga, 19.11.2014.Print version
The European Commission yesterday confirmed its intention to adopt a EUR 28 million support package for milk producers in Estonia, Latvia and Lithuania. This new package will be the latest in a series adopted by the European Commission in response to the Russian ban on the importation of certain EU agricultural products, the European Commission announced today, cites LETA.

The amount of support being provided to each of the three countries is EUR 6.9 million for Estonia, EUR 7.7 million for Latvia and EUR 14.1 million for Lithuania.

 

The support was calculated based on each country's respective 2013/2014 milk production levels within national quotas.

 

The Commissioner for Agriculture and Rural Development, Phil Hogan, said that he was "very conscious of the significant impact that the Russian ban has had on dairy producers in the three Baltic countries given their exposure to the Russian market and the drop in prices."

 

"When we look at the share of national production previously exported to Russia and the drop in prices since the start of the crisis, we see that the dairy sectors in Latvia, Lithuania and Estonia have been particularly adversely affected. I am pleased, therefore, that the Commission intends to provide support in the form of a financial envelope for each of the three countries which will support those dairy farmers which, as a result of the Russian ban, are encountering liquidity problems in exceptional circumstances," the commissioner said.






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