Lithuania: Lithuanian Dairy Industry Recovers After the Crisis

It is estimated that in 2016 milk deliveries in Lithuania will decrease by one percent in comparison to the previous year’s level. The Russian ban and reduced export demand resulted in a drop of farm-gate milk prices, reduction of cow numbers and change of the dairy processing industry production profile. It is estimated that in 2016 higher share of milk production will be processed into butter and cheese, which are in demand on the world market. In response to the European Commission’s market intervention measures till August 16, 2016 Lithuania placed into the intervention stocks 33,665 MT of Non Fat Dried Milk.

Lithuania: Lithuanian Dairy Industry Recovers After the Crisis