Paying more for pork – while you still can
If the consumers don’t start paying more for pork at the grocery store, they may soon not be able to buy it at all. That’s the message behind a call for retailers and processors to increase pork prices from hog farmers in seven countries around the world who have been hit hard by low prices and increased feed costs brought on by the ethanol boom.
The Canadian Pork Council and pork organizations in Britain, France, Australia, New Zealand, South Africa and the Netherlands have issued a joint release asking for the price increase. Although this would mean some short term pain to consumers through higher prices in the store, Canadian Pork Council President Clare Schlegel says it will be much more expensive if there is a global shortage of pork due to lack of production.