Fish as protein source in the Philippines amid rising global prices of animal feeds

Published 2021년 2월 23일

Tridge summary

A food security advocacy group, Tugon Kabuhayan, is promoting the consumption of fish as a alternative source of protein due to the increasing prices of meat, largely due to the African swine fever and the rising global costs of corn and soybean, key ingredients in animal feed. Corn prices have risen to USD 234.47 per metric ton in January 2021, up from USD 171.79 in the same period the previous year, and soybean prices have increased to USD 576.3 per metric ton from USD 387.05. The group points out that fish require less feed to produce meat, making them more efficient. They also note that the fisheries sector may be able to respond more quickly to price increases as it is less reliant on imported ingredients. The group also suggests the cultivation of alternative fish feed inputs like algae and copra.

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Original content

MANILA – A food security advocacy group is recommending the consumption of fish as an alternative source of protein with the continued increase of meat prices not only due to the threat of African swine fever (ASF) but also due to the rising cost worldwide of animal feed ingredients, primarily corn and soybean. Tugon Kabuhayan lead convenor Asis G. Perez, the former Bureau of Fisheries and Aquatic Resources (BFAR) director, said prices of corn and soybean increased in January. Corn and soybean are key inputs in the production of animal feeds widely used for hogs and chickens. “For January 2021, the price of corn reached USD 234.47 per metric ton (MT) compared to USD 171.79 per MT in the same period last year. The same goes for soybean which rose to USD 576.3 per MT against USD 387.05 per MT in 2020,” Perez said in a statement on Tuesday. “This is alarming because a lot of (animal) feed uses corn and soybean. Because of this, we see that meat imports scheduled to arrive in the ...

Source: Pna