In Lithuania, the purchase price of milk fell despite the protests of farmers

Published 2023년 3월 15일

Tridge summary

Lithuania's average milk purchase price in February dropped by 15.4% from January and 18.3% year-on-year to 37.5 euros per 100 kilograms, according to the EU Dairy Market Observatory. This is the lowest price since October 2021. The European Union's average milk price in February was 54.8 euros, down 2.7% from January but 28.9% up from February 2022. The Lithuanian Ministry of Agriculture is proposing short-term measures to stabilize the industry, including eight million euros in support for farmers. This follows farmer protests against the significant reduction in raw milk purchase prices. The ministry attributes the price drop to a sharp decrease in prices for dairy products in foreign markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Lithuania, the average purchase price of milk in February reached 37.5 euros per 100 kilograms, which is 15.4 percent less than in January, according to the EU Dairy Market Observatory. In the Baltic Republic, purchasing prices for milk have been falling for the fourth month in a row. The February price was the lowest since October 2021. During the year, compared to February 2022, raw milk prices in Lithuania decreased by 18.3 percent. In the European Union, the average average milk price in February was 54.8 euros, which is 2.7 percent less than in January and 28.9 percent more than a year ago. Given the current situation in the dairy industry, the Ministry of Agriculture proposes short-term measures to stabilize the industry. Dairy producers are offered to pay eight million euros of support from the state budget. The planned amount is about 37-38 euros per cow. For members of agricultural cooperatives, this amount will be 10 percent higher. The Ministry of ...

Source: Milknews