Fish as protein source in the Philippines amid rising global prices of animal feeds
Philippines
Published Feb 24, 2021
Tridge summary
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.
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 ...
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