July 14, 2008

German pig producers organisation ISN has warned that pig producers in Mid-Europe could lose up to EUR 3.5 billion (US$5.56 billion) due to rising feed and energy costs.
 

Feed and energy prices have doubled in the past one year and the situation is worrying for breeding companies in Mid-Europe, according to ISN chairman Franz Meyer zu Holte.

Pig prices are so low that producers are unable to break even, Franz Meyer said.

ISN said breeders in Mid-Europe lost about EUR 2.5 billion (US$4 billion) capital money last year and the losses could rack up by another EUR 1 billion (US$1.6 billion).

ISN added that on one hand they would like to provide high-quality pork against competitive prices for the consumers but on the other hand they are seeing deep red figures.