“Poor demand, high input costs, and high levels of importation and frozen inventory would compel corn, chicken, and pork producers and even importers to take a conservative stance in the coming months,” United Broiler Raisers Association said in an open letter to the Department of Agriculture Secretary William Dar.
As of last week, the soya bean meal – a primary animal feed ingredient – coming from the United States is trading at P55 per kilogram to 56/kg from an average of P29/kg in October. It was only P28.37/kg in March and P27.30/kg in July. This, while coco oil is currently at P88/kg to P91/kg. In March and July, the range was P60/kg to P70/kg.
“Generally, the industry has mostly been just suffering losses or at just breakeven since June, especially the small-and-medium-scale players. The lockdowns have exacted a heavy toll. Demand from hotels, restaurants, and institutions has not yet recovered,” it further said. In order to avert or mitigate problems, UBRA said the DA should restore confidence in the corn industry.
In addition, the DA is urged to give due consideration to the proposals of Philippine Maize Federation, Inc. on the provision of post-harvest facilities.
To be frank, it is the first time I have heard of Chicken crisis in the country. Usually it is always about Pork. I am sure the law makers are confused what to do...chickens...hmmm.
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