Philippine feedmillers see 3-4% annual growth from 2016-2018

10.10.2016

Driven by population and economic growth, as well as growing per capita consumption of meat and eggs, the Philippine feedmilling industry sees a 3-4% growth between now and 2018, Terence Uygongco, VP of the Philippine Association of Feedmillers Inc said.

He said the hog industry will remain the biggest segment, with a share of at least 60%, while broiler and layer feeds will account for 15% and 13% each. Mr Uygongco also noted that Philippine feedmillers are looking to integrate and harmonise with other feedmilling industries in Asean, and increase in global competitiveness.


asian-agribiz
 

Readers choice: TOP-5 articles of the month by UkrAgroConsult