In wake of Russia's embargo on dairy imports from Europe, Latvia's Food Union food group will reduced the price of its dairy products for the local market by up to 30%, with the aim of selling more of its products in Latvia and supporting Latvian farmers, writes LETA.
© DELFI / Šarūnas Mažeika

As the business information portal Nozare.lv was informed by Normunds Stanevics, the chairman of one of the concern's companies joint-stock Rigas piena kombinats, the lower prices will come into force starting from next week.

Prices will be reduced for all Food Group brands – Valmieras Piens, Rasa, Lakto, Limbazu piens and Rasens, and will include milk, kefir, cream, butter, cottage cheese, yoghurt and other dairy products. The prices of these products will be cut by 15 to 30%.

At the same time, Stanevics urged retailers to increase the number of local products sold at their stores, as well as to ensure that they also reduce the retail price of these products.

"This is a tough time for the Latvian dairy market and for farmers, as well as for producers and retailers. We must all show solidarity with one another in order to increase the consumption of our products on the local market," he said.

New chief of defense assumes office

Major General Valdemaras Rupsys is on Wednesday assuming his new office as Lithuania's chief of...

Nauseda unveils names of newly proposed ministers

Lithuanian President Gitanas Nauseda confirmed on Tuesday that the ruling parties are proposing...

Nauseda moves to stop political parties from using state property for free

Lithuanian President Gitanas Nauseda vetoed on Tuesday legislative amendments allowing political...

Prime Minister wins confidence vote in parliament (1)

Saulius Skvernelis won a confidence vote in the parliament on Tuesday, clearing the way for him...

US court dismisses ex-Lithuanian judge's extradition appeal

A US court has dismissed an extradition appeal by Neringa Venckiene , a former Lithuanian judge and...