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Pig sector in crisis talks amid devastating price slump


Pig sector in crisis talks amid devastating price slump
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© Tim Scrivener
Pig producers are losing more than 20p/kg as prices slump amid an oversupply of pigmeat in Europe and a growing backlog of out-of-spec finishers on farms.
The drop below breakeven levels was calculated by AHDB Pork and equates to a loss of about £18 a pig for the average 89.54kg carcass.
The AHDB has blamed rising feed costs and pig prices that have sunk close to the 140p/kg mark.
The dire situation has prompted crisis talks between the supply chain, retailers and the government.
Both Defra secretary George Eustice and farm minister Victoria Prentis joined the discussions, organised by the National Pig Association (NPA), on Tuesday (9 February). ....

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