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.
This story is from the January 01, 2025 edition of The Philippine Star.
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This story is from the January 01, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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