Thursday, July 22, 2010
General Information:
According to the Philippine Department of Agriculture’s Bureau of Agricultural Statistics, domestic chicken production increased by 1.53 percent in 2009 and is projected to expand again this year. Demand for chicken meat is also forecast to rise this year as a result of a projected improvement in the Philippine economy and a growing population. The importation of chicken meat also increased by 47 percent in 2009, the majority of which came from the United States, Canada and Brazil.
Production:
The Philippine poultry sector, valued at about P144 billion ($3.20 billion [1]), expanded by 10 percent in 2009 and represents about 14 percent of total agricultural production in the country. Chicken production, valued at P98 billion ($2.17 billion) and the primary source of growth in this sector, went up by 10 percent.
According to the Philippine Bureau of Agricultural Statistics (BAS), Philippine chicken production increased by 1.53 percent last year, by volume, as a result of increased broiler production in commercial farms in Central Luzon, CALABARZON (Cavite-Laguna-Batangas), Central Visayas and Northern Mindanao. Production of chicken eggs went up by 5.04 percent. Higher inventory of layers and better egg-laying efficiency were observed throughout the year.
In 2009, domestic broiler production reached almost 665 TMT (carcass weight equivalent). According to government and industry analysts, domestic broiler production in 2010 is forecast to increase by about 3 to 4 percent.
[1] US$1=Philippine Peso (P) 46.68, as of June 8, 2010; made up of chicken, duck, duck eggs & chicken eggs
Consumption:
According to BAS, total annual demand in 2009 for broiler meat reached nearly 689 TMT, up more than 3 percent from the previous year. Projected improvements in the Philippine economy as well as population growth are expected to continue to push-up consumption of chicken meat in