Energy Problem in France Increases Chicken Imports

The energy crisis sweeping across Europe and also affecting France has increased the number of chicken imports. Chicken producers are in a difficult situation. While producers are struggling to heat chicks due to rising gas prices, rising energy and grain prices due to the war have increased costs by 30 percent in domestic poultry farming.

According to TF1 Info, a French media company, the demand for chicken meat, which the French consume a lot of, has become unaffordable due to bird flu and high costs. Russia's invasion of Ukraine and the rise in energy and grain prices have pushed up costs by 30 percent in the local poultry industry, resulting in at least a 14 percent increase in prices. Producers are struggling to keep chicks at the right temperature due to the energy crisis. Suppliers, on the other hand, have started importing almost half of their chicken meat from abroad because it is more affordable. In addition, the European Union's lifting of customs quotas for one year is causing Ukrainian chicken to flood French markets. While the share of imported chicken in the domestic market in France was 25 percent in 2021, it is estimated to have reached 50 percent this year. https://twitter.com/BloombergHT/status/1573663560907083776   Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!