In Philippines, possible extension of blockade is seen as harmful to poultry industry

Published 2021년 8월 16일

Tridge summary

The poultry industry in the Philippines is expressing concern over the potential extension of stricter quarantine measures, citing the impact on consumption and rising production costs. Small and medium enterprises are particularly vulnerable, with concerns about industry concentration and financial strain. The industry is also dealing with an oversupply of eggs due to increased production and lower consumption. The Philippine Statistics Authority reported a decrease in the value of agricultural sector output in the second quarter, with livestock and fisheries subsectors experiencing significant drops, while poultry and crop production grew slightly.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A possible extension of the stricter quarantine settings will be very detrimental to the poultry industry, especially small producers, an industry association said. Elias Jose M. Inciong, president of the United Broiler Raisers Association, said the possible extension and increase of coronavirus disease in 2019 (COVID-19) does not bode well for consumption. “It will be difficult for the industry, especially for small and medium enterprises (SMEs). Usually, prolonged outages cause industry concentration,” Inciong said in a cell phone message. Mr Inciong said poultry producers will also need to deal with rising production costs. Citing data from the Philippine College of Poultry Practitioners, Inciong said the average price of yellow corn on the farm in July was P17.8 per kilogram (/kg), higher than the P16.5/kg recorded in June. “Large corporations have the finances to overcome this type of block. In fact, it benefits them because it kills the competition. For ordinary growers, it ...

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