Dairy farmers of Lithuania are dissatisfied with the low prices of raw milk

Published 2023년 2월 22일

Tridge summary

In 2022, Lithuania experienced a peak in raw milk prices in July and August, but they decreased in autumn despite an increase in the 'natural' price due to higher dry substances in milk. By February, the purchase prices had dropped by 20% by December and 30% by August, reaching a level equivalent to that in Ukraine in February. This situation concerns Lithuanian farmers, who say the purchase prices have dropped below the cost price and are protesting the low prices through actions like pouring milk onto fields and giving it out to consumers.

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

Original content

It is known from Lithuanian statistical sources that the maximum price of raw milk in Lithuania in terms of fat and protein base indicators in 2022 was in July-August. In autumn, the base decreased, only the "natural" price increased due to the seasonal growth of dry substances in milk. According to February market estimates, purchase prices in the database could fall by 20% by December and 30% by August. It is interesting that the current levels are mentioned next to the value of 30 euro cents, that is, in terms of kilograms and the base 3.7/3.2, we get the figure of 0.33 euro/kg, which corresponds to the February average value for raw milk from agricultural enterprises in Ukraine. In an interview with Kurier Wileński, Eimantas Bičius, director of the Association of Milk Producers of Lithuania, said: "The purchase prices for raw milk have already fallen below the cost price. Today, raw milk is bought at the same price as in 2019, when there was no such general inflation." ...

Source: MilkUA