July 6, 2011

 

Lithuania decreases pork prices

 

 

Lithuania's businessmen are coerced to sell pork at lower prices on domestic market due to an outbreak of classical swine fever, which stopped the exports of pigs since June, according to the media on Tuesday (Jul 5).

 

However, the shopping chains appear in no rush to lower the prices of pork although the sale prices of pigs have declined by approximately 14%.

 

Algis Baravykas, director of Lithuania's Pig Farmers Association, estimated a month ago that the suspension of pig exports would cost tens of millions of litas to domestic businesses.

 

It was expected then that the ban would last for about a month. Now, with a new case of fever detected, the suspension of pig exports seems likely to be extended for at least a month, which would augment the losses sustained by the breeders.

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