Pigs are the latest casualty of Germany's energy crisis | CNN Business

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Pigs are the latest casualty of Germany's energy crisis | CNN Business
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Pig herds in Germany have shrunk to a record low as producers battle soaring input costs, adding to the list of German industries hobbled by the energy crisis

Pig stocks and the number of pig farm farms fell “because of the persistently difficult economic situation,” the German Federal Statistics Office said in a Wednesday press release, adding that a sharp increase in energy, fertilizer and feed costs had pushed production costs higher. The country registered 21.3 million pigs as of November 3, a decrease of over 10% compared with the previous year and a near 20% drop compared with 2020, bringing it to an all-time low, according to Destatis.

The data represents another knock to German industry, which has battled eye-watering energy price rises over the past year, sparked by Russia’s invasion of Ukraine in late February. Many producers in energy-intensive sectors, including chemicals, glass and metals, have cut their production, while some are laying off staff and relocating parts of their operations abroad to cope.

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