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European Commission moves to counter pork crisis

by 5m Editor
27 January 2004, at 12:00am

EU - The European Commission has officially announced that the E.U. pork production sector faces a major crisis. The Commission said the crisis has been caused because the Euro is currently very strong against the dollar, feed prices are very high due to last summer's drought, consumer demand for pork is low. These factors, the Commission said, come on top of the usual cyclical fluctuations, and they all contribute to the extremely low prices in this sector.

5m Editor