Latvian dairy industry is on the verge of bankruptcy - Elpa

The sharp increase in purchase prices for energy and milk has hit the dairy industry in Latvia. This was stated by the chairman of the board of the company Elpa Gundar Sisenis, writes Neatkariga. The report states that the dairy industry is forced to operate below cost, which could soon lead to bankruptcy. “There has never been such a dramatic situation in the dairy industry. Not a single company can work at a loss for a long time,” Sisenis explained. According to the building, there are currently 54 registered dairy companies in Latvia, of which 23 are active, but all of them are experiencing difficulties. This is especially true for those manufacturers that deal with products for daily consumption - milk, butter, sour cream, cottage cheese, cheese. “Although energy prices have risen sharply in recent months and raw milk prices have also risen sharply, dairy prices have risen marginally. In order for the processing company to receive ...