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Pork producer's biofuel problems “globalâ€
The impact of surging demand for biofuels on feed
prices is a key factor behind the downturn of the American pork industry, a US
expert told the Pan Pacific Pork conference at the Gold Coast, Australia last
week.
"Feed costs are doubling and it is costing US$122 to
feed a single pig," said Dr Dean Boyd from the Hanor Family of Companies in the
US. "By 2009, 40pc of the American corn crop will be mandated to the biofuel
market."
The demand for crops to be used as fuel is driving up feed
costs for pork producers and pushing the smaller operators out of the industry.
Boyd believes while Australia is yet to suffer quite as harshly as the American
pork industry, the global growers are "all in this together" and need to tackle
it as a global problem.
Boyd predicted that over the next 10 years the
world would see a 10pc decrease in the pork industry.
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