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The Philippine Competition Commission said an agreement among poultry raisers to collectively raise farm gate chicken prices would be anti-competitive and illegal under the Philippine Competition Act. The statement responds to the Department of Agriculture's suggestion that growers raise farm gate prices by at least P10 weekly because prices had fallen.
Blocking coordinated price increases limits how fast farm gate chicken prices can recover, keeping pressure on poultry producers' margins and feed buying decisions.
philstar.comLouella DesiderioJan 12, 2019Not 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.
