Ban on imports in Russia and increase in #milk price reduced the profit of Lithuanian dairy producers – eDairyNews
Countries Russia Lithuania |11 diciembre, 2013

Foreing trade | Ban on imports in Russia and increase in #milk price reduced the profit of Lithuanian dairy producers

Lithuanian dairy producers calculated the results of 9 months activities in 2013. Ban on dairy imports in Russia and increase…

Lithuanian dairy producers calculated the results of 9 months activities in 2013. Ban on dairy imports in Russia and increase in milk price has reduced the profit of dairy producers. However, it applies not to all companies, informs LETA/ELTA, referring to Kauno diena.

 

On Tuesday, Vilkyskiu Pienine announced that the revenues of the company at the beginning of the next year should further increase. The sales of the company for period January – November 2013 amounted to LTL 333 million (EUR 96.4 million) – 22.7% increase comparing to the same period last year. The consolidated sales of the company for November 2013 amounted to LTL 31 million (EUR 9 million) and increased by 23% comparing to November 2012.

 

According to Gintaras Bertasius, CEO at Vilkyskiu Pienine, sales of the company increased due to high prices in export markets. «There is no sign that prices would fall, I am speaking about the level, not about small corrections. I think that at the beginning of the year prices will remain high,» said Bertasius.

 

Source: The Baltic Course

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