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Reading: Farms in BiH are closing, the Price of One Liter of Milk is 2 BAM
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Sarajevo Times > Blog > BUSINESS > Farms in BiH are closing, the Price of One Liter of Milk is 2 BAM
BUSINESS

Farms in BiH are closing, the Price of One Liter of Milk is 2 BAM

Published September 4, 2022
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The drought and the government’s failure to listen to countless appeals for help led to the shutdown of farms. Citizens will also feel the consequences because the price of milk on the shelves will exceed 2 marks per liter.

In an interview with “Avaz”, the president of the Association of Agricultural Producers of FBiH, Admir Kahriman, confirmed that the increase in the price of milk had been announced.

“On the shelves, the price will exceed 2 BAM. Shortages of fodder, silage and a poor hay crop have meant that farmers are already thinking about reducing the number of head because we do not have enough food to feed the current head. In addition, there will be a decrease in milk. Processors, that is, buyers of milk have only now recognized this, so they raised the price by 0.5 pfennig, but this cannot satisfy the current costs of milk production,” says Kahriman.

Although there are announcements that the price of raw milk will rise further, farmers should not rely on it.

“Farmers will keep as many heads as they have prepared food. We already have a part of farms that have been closed in the past period, people simply gave up. They are mostly small and medium-sized farms. When it comes to larger farms, the goal is to reduce the number of heads,” emphasizes Kahriman.

He mentions that they have sent a request for help to the FBiH Government, but have not yet received a response. The only thing that is certain now is a little help for autumn sowing.

“However, farmers who decide to continue production will have to replace that bulky part of the food with concentrate, which currently costs from a mark and upwards, depending on the producer. We are in dire need of funds from the government as an intervention measure. We don’t know whether anyone will be able to hear or not,” Kahriman points out.

As “Avaz” learns, due to the increase in prices on the stock exchanges, as well as disruptions in the world market, processors in Bosnia and Herzegovina are also announcing an increase in the price of coffee.

While stocks are emptying in producing countries like Vietnam, where they could be halved by mid-September, with poor yield estimates from this year’s harvest, raw coffee is about 35 percent more expensive than last year, and this trend is expected to continue for an additional ten percent.

There will be no Construction of Two Mini Hydroelectric Power Plants on Buna River

Federation of Bosnia and Herzegovina bans Construction of small Hydropower Plants

Gornja Vratnica has become Recognizable Nationwide and throughout the Region

Republika Srpska Entity borrowed additional 24.8 million BAM

Analysis: Price of Consumer Basket in BiH hits Record

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