NZ: Grains cause hard times for pig farmers
Pig producers in New Zealand might crumble due to
sky-high grain prices. Many producers suffer losses by having to pay high prices
for maize and barley.
Feed counts for about 70% of the pork production price
in New Zealand. There have already been reports of pig producers leaving the
business if the situation continues.
Colin Kay, Pork Industry Board spokesman, emphasised that pork prices are
not increasing despite the higher feed costs.
Growth of feed prices
The board predicts a further growth of
feed prices with 40 to 50 NZD per tonne (€21 to €26).
Combined, pig producers in New Zealand buy
approximately 160,000 tonnes of grains per year and an improvement of pork
prices should first of all come from supermarket chains.
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