The Philippines is set to begin receiving US poultry imports this week, up until the end of the year.
â€œSince legitimate traders already announced they may not subscribe to the entire authorised volume of 5 million kg, there could be individuals or companies that might take advantage of the situation. The department
is keeping an eye on traders that will be bringing in imports,â€ Agriculture Secretary Arthur Yap said yesterday.
Agriculture Undersecretary for Livestock and Fisheries Jesus Paras has said the government will be vigilant.
â€œHoarding is common practice among traders. What we can do is to strictly monitor the arrival of shipments and make sure we get whatever is the authorized volume only,â€ he said.
The price of live chicken at the farm level has risen by about 20 pesos (100 pesos = 1.55 euro) per live weight, indicating that demand is outpacing supply. Prices at the wet markets ranged from P120 to P130 per kg while groceries sell whole and cut-up chicken parts from P95 to P114 per kg.
Yap noted the poultry industry supplied consumers with 610,096 mt of poultry meat in 2005, with a lower level of 605,385 mt projected for this year.