Never less pigs in Germany

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Never less pigs in Germany

The number of pigs in Germany is at a record low as farmers struggle against rising breeding costs. It is a consequence of the energy crisis in one of the most developed countries in the world.

The Federal Statistics Office (Destatis) announced this pig stocks, as well as the number of pigs in farms reduced due to the difficult economic situation. They pointed out that the sharp rise in the prices of energy, fertilizers and animal feed made production more expensive.

By November 3, 21.3 million pigs were registered, which is 10 percent less than the previous year and 20 percent less than 2020. Destatis emphasized that this is the smallest number of pigs in history.

There are 1,900 fewer farms in Germany this year, while this reduction from 2020 to 2021 amounted to 1,600. According to data from October this year, production costs have increased by almost 47 percent compared to the same period last year.

And this data shows that the German industry is taking a hit due to the significant increase in energy prices that started after the war in Ukraine.

Many producers in energy-intensive sectors, which also applies to the chemical industry, have reduced production, while some are laying off workers and/or moving operations abroad to lower operating costs.

As Deutsche Bank economist Marc Schatenberg told CNN, two million German workers may be forced to go on spring vacation due to rising energy prices and potential gas shortages.


Source: BIZlife from bizlife.rs.

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