Irish poultry processor cuts production
Irish poultry processor, Cappoquin Poultry, has temporarily cut back production by 25% in response to the rising cost of production, coupled with price cuts by supermarkets.
Co-owner and financial controller of Cappoquin, Tom Vaughan, blamed increased costs and stagnant retail prices for the shutdown. "Animal feed went up from €270/t last year to €370/t now, while the supermarkets are selling chicken cheaper and cheaper. If consumers were prepared to pay an extra euro on whole chickens, it would sort it all out."
Cappoquin is said to have plans to expand production again later in 2011. Currently 165 people are employed at the factory.
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