FRANCE, Paris. The French Interprofessional Pork Council (INAPORC) called for significant increases in pig carcass and piglet prices to prevent pig farmers from giving up their businesses in the next months.
According to a statement by INAPORC, at least one in ten pig farms in France will shut down due to surging input costs. In the past twelve months, the profitability threshold has not been reached once.
Since the start of 2022, feed costs have risen by 25%, leading to a significant gap between costs and revenue. In April, the producer price reached €1.85 per kg, while production costs have risen to over €2 per kg.
Even though producers are to be partly compensated for their losses under the resilience plan, the situation remains dire, INAPORC emphasised. The war in Ukraine accelerated feed costs, and the outbreak of African Swine Fever in Germany and Italy, followed by a ban on exports, resulted in stagnating or even declining pork prices due to surplus stocks.
An immediate increase in producer prices will be necessary to stabilise the sector and the adjacent industries along the supply chain, the organisation warned. According to its data, the French pig industry employs around 130,000 people.