Poultry sector pleas for agro investments
The Philippines poultry sector has called on the government to invest in the production of corn, coconut oil and molasses to address the increasing cost of commodities.
The United Broiler Raisers’ Association and the National Egg Board stated in a joint position paper submitted to Agriculture Secretary Arthur Yap, that the rise of China, India and Russia, there has been an upward trend in the prices of commodities, in terms of both agricultural and industrial.
â€œOn the one hand, this is a threat because it increases the costs of feed inputs like soya, amino acids, choline, toxin binders and other feed additives,â€ it said. â€œOn the other hand, it is also an opportunity because the prices of competing chicken products have also been rising.â€
Furthermore, the paper said that for such trends to become an opportunity for Philippine poultry industry there must be greater investments in agriculture.