Philippines Poultry Output To Rise 1.4% In 2004
PHILIPPINES - Poultry production in the Philippines is expect to rise to more than 500 kilograms, up 1.4% in 2004, despite an increase in production costs, an industry official said Monday.
6 January 2004
2 minute read
Philippines Poultry Output To Rise 1.4% In 2004 - PHILIPPINES - Poultry production in the Philippines is expect to rise to more than 500 kilograms, up 1.4% in 2004, despite an increase in production costs, an industry official said Monday.
Gregorio San Diego, chairman of the United Broiler Raisers Association, said the increase in output is expected to cover a projected increase in demand ahead of national and local elections in May.
San Diego said elections traditionally result in an increase in disposable income of Filipino consumers as candidates organize events at the provincial level, generating economic activity in the countryside.
Production costs are expected to rise to about 57 pesos ($1=PHP55.50)/kg of live chicken from PHP35/kg in March 2003, San Diego said.
Higher production costs could be attributed to an increase in the price of local corn and in imported soybean meal, which account for 55% and 25%, respectively, of poultry feed, he said.
According to San Diego, the prevailing corn price is about PHP10/kg compared with PHP7/kg in the first quarter of last year. The price of imported soybean meal, which is the protein source of poultry feeds, has ballooned to PHP18.50/kg from year-ago levels of only PHP9/kg, he added.
Source: eFeedLink - 5th January 2004
San Diego said elections traditionally result in an increase in disposable income of Filipino consumers as candidates organize events at the provincial level, generating economic activity in the countryside.
Production costs are expected to rise to about 57 pesos ($1=PHP55.50)/kg of live chicken from PHP35/kg in March 2003, San Diego said.
Higher production costs could be attributed to an increase in the price of local corn and in imported soybean meal, which account for 55% and 25%, respectively, of poultry feed, he said.
According to San Diego, the prevailing corn price is about PHP10/kg compared with PHP7/kg in the first quarter of last year. The price of imported soybean meal, which is the protein source of poultry feeds, has ballooned to PHP18.50/kg from year-ago levels of only PHP9/kg, he added.
Source: eFeedLink - 5th January 2004
