aA
US import tariffs on Lithuanian dairy products will force exporters to look for new markets, the director of Pieno Centras, an association of Lithuania's three largest dairy groups, said on Friday, adding that an EU market surplus may drive down raw milk prices.
Producers: US tariffs to make dairies seek new markets
© DELFI / Karolina Pansevič

"Our key export product to the US is cheese. Lithuanian companies will lose their contracts and will not be able to export these products," Egidijus Simonis told BNS. "Cheeses will have to be stored in warehouses".

Pieno Centras brings together Pieno Zvaigzdes, Vilkyskiu Pienine and Rokiskio Suris.

While the US is not the key market for Lithuanian dairy products, it accounts for a significant share of exports, according to the director.

"It will be problematic to promptly find new export markets for the quantity contracted with the US; it will take time," he said.

Major EU exporters, such as Denmark, the Netherlands, Italy, France and Ireland, will leave their products meant for the US market in Europe, which may lead to a drop in raw milk prices.

Lithuanian cheeses, yoghurts and other dairy products will be subject to a new 25-percent import tariff imposed by the United States on Friday, according to the US Federal Register.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.
|Populiariausi straipsniai ir video

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

Lithuanian company offers solution for international control of coronavirus test and vaccine

After the global coronavirus pandemic began in Wuhan it has affected people all over the world....

Avia Solutions Group to sel Baltic Ground Services Poland

Avia Solutions Group , the largest aerospace business group from Central & Eastern Europe, has...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

Palanga airport set to reopen with 1st flight since lockdown

Hungary's Wizz Air is on Tuesday relaunching its regular service between Palanga and Dortmund,...

Top news

Remains of political prisoners in Kazakhstan to be reburied

Lithuania plans to rebury the remains of political prisoners buried at the Rudnyk Cemetery in...

Military training restrictions eased as COVID-19 situation improves

Lithuania is easing military training restrictions as the coronavirus situation in the country is...

11 new coronavirus cases in Lithuania

On Friday, 11 new COVID-19 cases were recorded in Lithuania. Overall, there have been 1704 cases...

Group of MPs propose granting asylum to Hong Kong people

A group of Lithuanian lawmakers representing different political groups in the country's parliament is...

Pakrante entertainment area opens besides Zalgirio Arena

Nemunas island will be buzzing this summer, as a new entertainment area called Pakrante opened...

|Maža didelių žinių kaina