Latvian farmers' production prices on the rise, says expert

The price increases for farmers' production are still in the early stages, Mārtiņš Cimermanis, head of the Latvian Rural Consultation and Education Centre (LLKC), told Latvian Radio December 20.

The situation due to price increases is worrying because, as production costs and consequently production prices on store shelves rise, farmers are concerned about whether anyone will be able to buy the expensive food.

He pointed out that farmers are currently comparing the situation with price increases between 2007 and 2008, the pre-crisis period. Prices have been rising for electricity, fuel, thermal energy and natural gas, That the most difficult situation is in the sector where animal feed is purchased, as grain prices have doubled. Dairy prices are also climbing all the time.

“The farmers are starting to think about who the buyer will be,” he said, noting that food prices have not experienced such a 'hyper-jump' for a long time and an even higher increase is expected next year.

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