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BPEX reports on effects of rising feed price
The British Pig Executive (BPEX) has published a report on the impact of the
global feed commodities market on the British pig industry and risk management
strategies to mitigate constantly rising costs.
The report, prepared by BPEX with independent contributions by ABN and
Barclays states that the British pig industry is operating in an extremely
difficult climate with high feed prices having a huge impact on cost of
production.
The report examines the industry and its future from three
different perspectives: what is likely to happen to cereal prices and the
factors affecting those prices; the effects of cereal prices on pig production
costs showing them at 148p in March 2008 and estimating them to reach 180p per
kg by 2010; risk management and the steps producers can take to manage their
feed costs.
The report also examines issues such as foreign exchange,
interest rates, buying forward cover, buying an option and types of
contracts.
Related website
BPEX
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