Philippines chicken inventory down 42.65%
This is attributed to poultry farmers cutting production to avoid losses, according to Elias Jose Inciong, President of the United Broilers Raisers Association.
Mr Inciong added the decline is also due to the shift of big industry players to contract growing from the 'volatile' wet market supply chain, thus, less excess production.
He assured that retail prices of chicken will remain stable. NMIS data showed that both the chicken imports and locally produced dropped year-on-year.
Chicken imports which accounted for 64.12 % of the June inventory, reached 6,993.48 tonnes, 30.04 % lower than a year ago. ■