April 13, 2022

Ireland's swine industry affected by rising grain and protein prices

Meat Industry Ireland (MII) informed the Irish government that the country's swine industry is losing EUR 15 million (~US$16.2 million; EUR 1 = US$1.08) monthly due to rising grain and protein prices, The Times reported.

MII representatives told the joint committee on agriculture, food and the marine that the swine industry is coping with "unprecedented challenge" and experiencing "unsustainable losses" because of soaring livestock feed costs.

The representatives also said an unstable Chinese market, the effects of Brexit, African swine fever outbreaks in Europe, and the COVID-19 pandemic, have all contributed to issues in the sector, but Russia's invasion into Ukraine has been particularly damaging to the industry.

-      The Times