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VÄÄTSA AGRO AS

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VÄÄTSA AGRO AS's activity report 2022

The average milk price in Estonia in 2022 was higher than ever before - 0.478 euros per kilogram (0.322 euros per kilogram in 2021). 2022 also saw a significant increase in the market prices of major input costs, such as purchased feed (corn, soy, rapeseed cake), fertilizers, fuel, and electricity. The Russian attack on Ukraine, which began in February 2022, only exacerbated this problem, as Ukraine, Russia, and Belarus are the major producers and exporters of most of the aforementioned products. Therefore, as long as Russian aggression against Ukraine continues, there is uncertainty about
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