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Broiler raisers lament freefall in chicken prices
The Philippine Star
|January 01, 2025
Broiler raisers may begin the new year with an awful start as liveweight prices of chickens have fallen by more than P20 per kilo after Christmas, the steepest decline ever, an industry group said.
United Broiler Raisers Association (Ubra) chairman Elias Jose Inciong said liveweight prices of broilers have been dropping since Dec. 26 as demand has been anemic, resulting in a supply glut.
"Traditionally after Christmas there is a drop in demand and then supplies are high. But what makes this year different is that this is a record drop (in prices)," Inciong told The STAR.
"This decline reflects that demand is a huge factor. The inventory is equal with last year but demand is poorer," Inciong added.
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