Not China, pig doomsday threats Germany

Published 2022년 12월 27일

Tridge summary

Germany has seen a significant decrease in its pig population, reaching a record low with over 10% fewer pigs compared to the previous year and almost 20% fewer compared to 2020. This decline is attributed to the economic strain caused by increased energy, fertilizer, and feed costs, as well as the African swine fever virus and reduced exports to China due to COVID-19 restrictions. The situation is part of a broader problem of rising energy prices in Germany, which has led to production cuts, job losses, and businesses relocating overseas in an effort to mitigate the impact of high energy costs and potential gas shortages.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The number of pigs in Germany has reportedly shrunk to a record low. This comes at a time when the country is experiencing a spike in energy costs after the Russo-Ukrainian war. The German Federal Statistical Office (Destatis) acknowledged in a press release that this was due to the continuing difficult economic situation. They cite sharp increases in energy, fertilizer and feed costs as a driver of the herd's decline. "Germany recorded 21.3 million hogs on November 3, a decrease of more than 10% compared to the previous year and a decrease of almost 20% compared to 2020, bringing it to an all-time low," according to Destatis data quoted by CNN International, Tuesday (27/27/2011) 12/2022). "In October, the most recent month for which data is available, production costs for all meat jumped nearly 47% compared to the same time last year," the data added. Germany also lost 1,900 pig farms this year. This follows a decrease in the number of farms by 1,600 ...

Source: Cnbcindonesia