EU agriculture ministers agreed at their meeting on Monday to bring in private storage aid to help support the pigmeat market. The first measures could be in place by the end of this week, said a Commission spokesman.
An extended EU advisory group has also been set up for policymakers and those with an interest in the market to study the sector and its future. EU producers are where producers are losing £21 a pig and have been struggling with losses for most of the past three years.
The costs of environmental and animal welfare requirements which imports did not have to meet, the use of growth hormones outside the EU and the heavy dependency of many producers on the sector were all factors which should be considered, said farmer and co-op lobby group Copa-Cogeca.