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Philippine broiler farmgate prices fell to Php80 per kg in November 2024, down 50% from June's peak. The Department of Agriculture blamed a surge in chicken imports and softer domestic consumption as consumers shifted back to pork.
Oversupply and imports are pushing farmgate prices below production costs, which may cut broiler flock sizes and reduce feed purchases. Lower poultry margins weigh on feed demand in the Philippines.
ispweb.pcaarrd.dost.gov.phClarizel Joy Jamille GomezDec 9, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
