Poultry price stabilisation efforts in Taiwan
The Taiwanese Council of Agriculture (COA) plans to
gather millions to create a quota management system for the poultry industry to
stabilise product prices in case of sharp market fluctuation.
Taiwan's poultry industry has been hit by soaring feed prices, pushing the
COA to take measures to offset their losses.
Therefore, the COA, together with the local poultry industry, have agreed
that from the beginning of 2008, each side will contribute NT$1 billion each
(€21 million) to create a fund within 3 years to tackle imbalances in demand and
supply in line with a quota-based management system.
It is reported that local pig, chicken, duck, dairy, sheep and geese
farmers ill have to report the number of the animals they raise, as from 2008,
and assess their market supply in the coming years. Additionally, the COA will
soon submit law amendment proposals to the Legislative Yuan to allow for the
establishment of the fund and the quota management system.
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