Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Farmers group fears billion-euro loss from German foot-and-mouth disease
    Finance

    Farmers Group Fears Billion-Euro Loss From German Foot-And-Mouth Disease

    Published by Global Banking & Finance Review®

    Posted on January 16, 2025

    2 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    This image illustrates the economic repercussions of foot-and-mouth disease on Germany's farming and food industry, highlighting concerns of a billion-euro loss. It relates to the article's focus on the outbreak's impact on livestock and trade.
    Image depicting the impact of foot-and-mouth disease on German farming economy - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Germany's foot-and-mouth outbreak results in €1 billion loss, with import bans from several countries. The EU's regionalisation principle aids limited trade.

    German Farmers Face €1 Billion Loss from Foot-and-Mouth Disease

    HAMBURG (Reuters) - Germany’s farming and food industry is likely to have lost about 1 billion euros ($1 billion) of business following an outbreak of the livestock illness foot-and-mouth disease, the head of the farming cooperatives association told German media on Thursday.

    Germany announced its first outbreak of foot-and-mouth disease in nearly 40 years on Jan. 10 in a herd of water buffalo on the outskirts of Berlin in the Brandenburg region.

    Measures to contain the highly infectious disease, which poses no danger to humans, often involve bans on imports of meat and dairy products from affected countries, with Britain, South Korea and Mexico among states imposing import bans on Germany this week.

    “Along the value-added chain, we believe that a sales loss of more than 1 billion euros exists,” Joerg Migende, head of the association of German farm cooperatives DRV, told German television programme ARD-Hauptstadtstudio.

    He said the economic damage from foot-and-mouth to Germany looked like being “immense”.

    Between January and October 2024, the UK imported German pig meat worth 448 million pounds ($545 million), Britain's Agriculture and Horticulture Development Board said this week. Dairy imports during the same period were valued at 283 million pounds.

    German authorities continued to test animals in the quarantine zone in the Brandenburg region on Thursday with test results still awaited.

    A spokesperson for the European Commission, the EU’s executive arm, said on Thursday the Commission was in constant contact with the German authorities and Germany’s efforts to stop the disease spreading would enable the regionalisation principle to be used.

    Under this EU rule, sales of meat and dairy products are only restricted from the region where the disease has been confirmed and produce from elsewhere in the affected country can still be sold inside the EU.

    (Reporting by Michael Hogan; Editing by Mark Potter)

    Key Takeaways

    • •Germany's foot-and-mouth outbreak leads to €1 billion loss.
    • •Import bans imposed by UK, South Korea, and Mexico.
    • •Regionalisation principle allows limited EU trade.
    • •First outbreak in nearly 40 years in Brandenburg.
    • •DRV highlights immense economic damage to agriculture.

    Frequently Asked Questions about Farmers group fears billion-euro loss from German foot-and-mouth disease

    1What is the main topic?

    The article discusses the economic impact of a foot-and-mouth disease outbreak in Germany, leading to significant financial losses.

    2How much is the estimated financial loss?

    The estimated financial loss due to the outbreak is about 1 billion euros.

    3What measures are being taken to control the outbreak?

    Germany is implementing quarantine and testing measures, while the EU applies the regionalisation principle to limit trade restrictions.

    More from Finance

    Explore more articles in the Finance category

    Image for Volkswagen's Skoda brand to end China sales this year
    Volkswagen's Skoda Brand to End China Sales This Year
    Image for Climate investors give BP until April 1 to include resolution, threaten court
    Climate Investors Give Bp Until April 1 to Include Resolution, Threaten Court
    Image for Lille to host EU customs authority charged with fixing e-commerce parcel problems
    Lille to Host EU Customs Authority Charged With Fixing E-Commerce Parcel Problems
    Image for Russia evacuates 163 more staff from Iran's Bushehr nuclear plant, 300 remain
    Russia Evacuates 163 More Staff From Iran's Bushehr Nuclear Plant, 300 Remain
    Image for Hungary's Orban faces pivotal battle against ally-turned-foe
    Hungary's Orban Faces Pivotal Battle Against Ally-Turned-Foe
    Image for German finance minister sets out sweeping reform plans to boost growth
    German Finance Minister Sets Out Sweeping Reform Plans to Boost Growth
    Image for ISS urges investors to reject UniCredit pay report over CEO award
    Iss Urges Investors to Reject UniCredit Pay Report Over CEO Award
    Image for Ex-Google exec Matt Brittin named new BBC boss
    Ex-Google Exec Matt Brittin Named New BBC Boss
    Image for Barclays pulls back on asset-based lending after MFS, Tricolor collapse, Bloomberg News reports
    Barclays Pulls Back on Asset-Based Lending After Mfs, Tricolor Collapse, Bloomberg News Reports
    Image for German chemical union delays wage hikes as war worsens business outlook
    German Chemical Union Delays Wage Hikes as War Worsens Business Outlook
    Image for Germany renews push for sugar tax and energy drinks ban for children
    Germany Renews Push for Sugar Tax and Energy Drinks Ban for Children
    Image for Bank of England's Greene says she was not close to raising rates this month
    Bank of England's Greene Says She Was Not Close to Raising Rates This Month
    View All Finance Posts
    Previous Finance PostiGenius Expects to Complete $1 Billion Data Centre Project With Nvidia in the Summer
    Next Finance PostGreece Has Tapped 18 Billion Euros From EU's Recovery Fund