Markets: Save Your Bacon: Shortage on the Way
Photo: Dave77459 / Flickr
As if times werent precarious enough, now the U.K.s National Pig Association (fighting for the growth and prosperity of the British pig industry is their motto) warns that a global bacon shortage is now unavoidable.
The meat of the matter, as it were, is that European pig herds are declining at a significant rate due to high feed costs caused by drought and the global failure of corn and soy harvests. In the 12 months ending in June 2012 the number of little piggies in all main European pork producing countries have declined anywhere from 1.4 percent in Germany to a fat 13 percent in Italy, according to association statistics.
At a recent meeting of E.U. retailers in Brussels, British pig executive (yes, that is what he likes to be called) Mick Sloyan said that... [via Epicenter Wired Blogs]
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