Philippine poultry prices recover

09.11.2017

Farmgate price of chicken in the Philippines is gaining ground as it has breached the USD1.75/kg mark, data from the Bureau of Animal Industry (BAI) show. As of October 23, BAI reported that farmgate price of broiler reached USD1.80/kg, slightly higher than in October 2016. 

The price appreciation was due to re-stocking of poultry farmers to take advantage of the increased demand during the holiday season. Poultry prices plunged few months ago after the bird flu in Central Luzon with broiler farmgate prices going down to USD1.16/kg.


asian-agribiz

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