Immediate measures, such as private storage aid, must be taken to prevent a total collapse of the EU pig meat market, says Copa-Cogeca, which represents farmers and farm co-ops across the community.
Heavy producer losses because of falling pig prices and the dramatic rise in feed costs are on the agenda for an EU farm ministers meeting on Monday. The current crisis, in which UK producers will lose an average of £21 a pig this month, follows serious losses in 2007 and 2008. And although there were slight improvements in 2009 and the first part of last year, these were not enough to restore cashflow to adequate levels, says Copa-Cogeca.
Feed costs were unlikely to fall in the near future and the dioxin crisis had made matters worse despite being unconnected with farming practice.