News last update:7 Aug 2012

Heavy times for New Zealand pig farmers

Pig producers in New Zealand might perish due to grain prices rocketing sky-high. Having to pay high prices for maize and barley, many producers suffer losses.

Feed counts for about 70% of the pork production price in New Zealand. There have already been reports of pig producers that might have to leave business if bad situation continues. Colin Kay, Pork Industry Board spokesman, emphasised that pork prices are not rising despite the higher feed costs.

Growth of feed prices
The board predicts a further growth of feed prices with 40 to 50 NZ dollar per tonne (€21 to €26). Pig producers in New Zealand altogether buy approximately 160,000 tonne of grains per year. An improvement of the pork prices should first of all come from supermarket chains.

Related website:
New Zealand Pork Industry Board

Editor AllAboutFeed

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