Home Travel News & Insights Market group regrets ongoing drop in chicken farmgate costs

Market group regrets ongoing drop in chicken farmgate costs

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Market group regrets ongoing drop in chicken farmgate costs

Bella Cariaso – The Philippine Star

December 9, 2023|12:00 am

In this undated image reveals a poultry owner harvest chicken eggs to be offered in regional market in San Jose del Monte Bulacan.

Philstar.com/ Jovannie Lambayan

MANILA, Philippines– United Broiler Raisers Association and Philippines Egg Board chairman Gregorio San Diego the other day regreted the ongoing drop in the farmgate rate of chicken, which is now as low as P90 per kilo in spite of the retail expense staying high at P220 per kilo.

San Diego included that from P114 per kilo on Nov. 16, the farmgate cost decreased to as low as P90 per kilo or a drop of P24 per kilo.

“It is actually bad. The selling of chicken is really sluggish. The farms have lots of chickens,” he informed The STAR.

San Diego blamed the flooding of imported frozen chicken for the down pattern in the farmgate cost.

“The volume of imported frozen chickens is larger compared to in 2015,” San Diego stated.

According to San Diego, based upon information from the National Meat Inspection Service (NMIS), since Nov. 27 the overall dressed chicken in the freezer centers currently reached 57,450 metric heaps compared to 55,713 metric lots in the exact same duration in 2022.

Information from NMIS revealed that of the overall stocks in the freezer centers, 35,751 metric loads were imported frozen items.

San Diego included that since of over importation of frozen chicken, a minimum of 21,699 metric lots of regional chicken were saved at the freezer centers.

Based upon the tracking of the Department of Agriculture in Metro Manila markets, the market price of entire chicken varied in between P150 and P220 per kilo.

San Diego stated the farmgate cost of chicken increased on Nov. 16 after it reached P114 per kilo, however began to decrease in the recentlies.

He kept in mind that the typical farmgate cost on Dec. 1 was currently P95 per kilo.

San Diego stated regional poultry raisers were anticipating to recuperate from their losses this holiday since of the predicted boost in the need, however continue to suffer due to the fact that of the arrival of imported chicken in the nation.

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