Connect with us

Hi, what are you looking for?

News

Egg prices seen rising further on bird flu impact

PHILIPPINE STAR/ WALTER BOLLOZOS

By Ashley Erika O. Jose, Reporter

THE RETAIL PRICE of eggs is expected to rise further with supply continuing to be constrained by the impact of avian influenza or bird flu, the egg farmers’ association said.

“Supply is on the low side because of bird flu. Prices may rise further depending on the demand and until it reaches a threshold,” Gregorio A. San Diego, Jr., chairman of Philippine Egg Board Association, said in a text message on Sunday.

Currently, medium-sized eggs retail for P9 each, according to the Department of Agriculture’s (DA) price watch data from Jan. 13. In December, the price was P6.90.

Mr. San Diego said that the poultry industry has yet to recover from bird flu, adding that recovery will depend on measures taken by the DA.

”Depends on government action. Just like with the ASF (African Swine Fever), we don’t even know the status now,” he added.

Former Agriculture Undersecretary Fermin D. Adriano said in a Viber message on Sunday that the recovery timetable remains clouded.

“The Philippines is affected by avian flu, the exact extent of which we do not know because BAI (Bureau of Animal Industry) has not been updating the public about it,” Mr. Adriano said.

Mr. Adriano said that the industry is also affected by the supply chain disruptions caused by the Russia-Ukraine war on feed corn, with the Philippines 40% dependent on imports.

“Since our yellow corn production can only meet 57-60% of demand by commercial users, we need to import corn and substitute (feed wheat) to fill in the gap. But because corn and wheat prices are rising globally due to the Russia-Ukraine conflict, production costs of our poultry and hog raisers have increased,” he added.

The BAI has said that as of Dec. 15, 20 provinces remain affected by bird flu.

Kristine Y. Evangelista, DA spokesperson, said in a briefing on Saturday that the DA is seeking to determine the extent of the impact of high production costs on egg prices.

“We need to look into the cost of production again to determine if that is the root cause of the increase,” Ms. Evangelista said, adding that the preliminary data on bird flu is still being verified.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

<?xml encoding=”utf-8″ ??> Ava Whetstone-Magee, the founder of Avalanche Equestrian talks about the lightbulb moment which led her to start her business at the age...

Editor’s Pick

<?xml encoding=”utf-8″ ??> The exodus of workers from the jobs market over the pandemic has weakened prospects for Britain’s economic growth, the governor of...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Will Polston, talks to Business Matters about how helping ambitious owners to maximise their potential has resulted in him becoming a finalist...

News

Elon Musk talks about his company’s Starlink project at the Mobile World Congress, Barcelona, Spain, June 30, 2021. — BRISA PALOMAR / PACIFIC PRESS/SIPA...

News

PHILSTAR FILE PHOTO The National Economic and Development Authority (NEDA) has approved seven “high-impact” projects, ranging from agriculture to transportation, the agency’s top official...

News

Television (TV) advertising is shifting toward addressable TV, a service that allows advertisers to show different ads to different audiences watching the same program,...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.