Egg production dip incentivises Philippines’ broiler producers

Published 2023년 2월 9일

Tridge summary

The Philippine poultry industry is facing challenges such as avian influenza and high feed costs, but the USDA anticipates an increase in chicken meat consumption in 2023, reaching 1.835 million mt. Despite these challenges, there are plans for modest expansion in chicken meat production, which is currently projected to be 1.36 million mt in 2023. However, rising chicken prices are putting pressure on producers. A significant decrease in egg production is expected, which could lead to increased broiler production. There's concern about the potential reversion of mechanically deboned meat tariffs, given that it made up 60% of total chicken imports from January to October 2022. The Department of Agriculture has lifted bans on poultry imports from several countries, but bans remain due to avian influenza outbreaks in other regions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While a decrease in egg production has resulted from challenges of avian influenza in the Philippines, it is expected that chicken meat will pick up the slack as an alternative less expensive protein for the country’s growing economy. Due to a growing economy, the USDA forecasts that chicken meat consumption in 2023 at 1.835 million mt compared to 1.755 mmt in 2022 and 1.780 mmt in 2021. Even with this slight increase in consumption expected, poultry integrators and commercial raisers in the Philippines are wary of rolling out significant expansion plans this year because of the threat of avian influenza and the high cost of feed ingredients. Nevertheless, chicken meat production in 2023 is forecast to be 1.36 million mt (compared to 1.3 mmt in 2022). It is also worth noting that chicken prices have been increasing since August 2022, which is offset by high production cost for producers and putting a strain on their operations. Meanwhile, a decline in egg production is ...

Source: Poultryworld