Animal feed ban across EU would cost billions

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Related tags: Germany

Before introducing a total ban on meat and bone meal in animal feed
the European Union must carefully consider the consequences,
European Farm Commissioner...

Before introducing a total ban on meat and bone meal in animal feed the European Union must carefully consider the consequences, European Farm Commissioner Franz Fischler was quoted as saying by daily newspaper Le Figaro, Reuters reports. "We estimate the cost of destroying these meals in all of the Union at three billion euros, which would correspond, in addition, to a loss of 1.5 billion euros per year for producers,"he added. German Chancellor Gerhard Schroeder on Friday called for an EU-wide ban on the suspect feed ingredients after announcing Germany would ban meat and bone meal following the discovery of itsfirst two cases of mad cow disease. U.S. soybean and soymeal prices immediately soared on expectations that the EU, which depends on imports for 70 percent of its protein needs, would sharply increase its purchases of protein-rich oilseeds, Reuters continued.

Related topics: Cattle - beef, Europe, Safety, Regulation

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