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.