Poultry sector calls for increased agro investments

PHILIPPINES - The poultry sector has called on the government to invest heavily in production of corn, coconut oil and molasses to address the rising cost of commodities.

In a joint position paper submitted to Agriculture Secretary Arthur Yap, the United Broiler Raisers’ Association and National Egg Board explained that “with the rise of China, India and Russia, there has been an upward trend in the prices of commodities, both agricultural and industrial.”

“On the one hand, this is a threat because it increases the costs of feed inputs like soya, amino acids, choline, toxin binders and other feed additives,” it said. “On the other hand, it is also an opportunity because the prices of competing chicken products have also been rising.”

For such trends to become an opportunity for Philippine poultry industry, there must be greater investments in agriculture, it said.

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Source: Inquirer.net,

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