FDBusiness.com

€28 Million EU Package For Baltic Milk Producers

 Breaking News

€28 Million EU Package For Baltic Milk Producers

€28 Million EU Package For Baltic Milk Producers
November 24
11:56 2014

The European Commission has confirmed its intention to adopt a €28 million support package for milk producers in Estonia, Latvia and Lithuania. This new package will be the latest in a series adopted by the European Commission in response to the Russian ban on the importation of certain EU agricultural products.

The amount of support being provided to each of the three countries is €6.9 million for Estonia, €7.7 million for Latvia and €14.1 million for Lithuania, based on their respective 2013/2014 milk production levels within national quotas.

The support measure for the Baltic countries follows earlier specific market support measures for peaches & nectarines, perishable fruit & vegetables and the dairy sector, as well as an additional €30 million for promotion programmes.

The Commissioner for Agriculture and Rural Development, Phil Hogan, says:”I am very conscious of the significant impact that the Russian ban has had on dairy producers in the three Baltic countries given their exposure to the Russian market and the drop in prices. When we look at the share of national production previously exported to Russia and the drop in prices since the start of the crisis, we see that the dairy sectors in Latvia, Lithuania and Estonia have been particularly adversely affected. I am pleased, therefore, that the Commission intends to provide support in the form of a financial envelope for each of the three countries which will support those dairy farmers which, as a result of the Russian ban, are encountering liquidity problems in exceptional circumstances.”


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements