Danish pig breeders facing higher feed costs

Feed takes up two-thirds production costs in Denmark. “It’s a chaotic situation as many pig farmers are already in debt,” said chairman of the producers’ group Henrik Mortensen.

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“Meat prices will also go up, but there’s always a delay of some months, which means that farmers have to rely on the mercy of their banks,” he added

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The country rears 27 million pigs annually of which each pig has to be fed 200 kg wheat and barley along with soy products.

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Wheat traded in Chicago reached a 22-month high August 2.

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Source: Bloomberg