Eastern Europe: Dairy consumption, concerns and profits
Lithuania
Published Sep 21, 2023
Tridge summary
The Eastern European dairy industry is facing a crisis due to weakening demand, high costs, and stricter environmental regulations. In Poland, the industry is experiencing financial burdens and many companies are seeking external investors or closing their operations. Other Eastern European countries, like Lithuania and Hungary, are also struggling with the dairy industry crisis, with farmers protesting and calling for subsidies to survive.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
To continue reading the article, log in with your account or register with MilkPoint. Get access to exclusive content! Weakening demand, consistently high costs and stricter environmental regulations contribute to a dramatic set of events currently unfolding in the Eastern European dairy industry. The current crisis is having a major impact on Poland's dairy industry, Rzeczpospolita, one of the country's leading economic publications, said in early August, citing catastrophic predictions from several dairy companies and unions, all echoing each other. “Processing costs have increased unimaginably,” complained Agnieszka Maliszewska, general director of the Polish Chamber of Milk Production, a union of major dairy processing companies. “The growing financial burden leads more companies to seek consolidation, external investors or to close their operations.” Dairy sector in Poland Behind these headlines are hard numbers. In the first quarter of 2023, the Polish dairy industry ...
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