The country’s total inventory of dressed chicken in cold storages as of November 30 rose by 57.63 percent to 18,727.57 metric tons (MT) from 11,880.64 recorded last year, according to the latest report from the National Meat Inspection Service (NMIS).
This is also 2.78 percent higher than last month’s stock of 18,221.18 MT but 18.01 percent lower than last week’s record of 22,842.33 MT.
A majority, or almost 80 percent, of the total chicken inventory are locally produced, while 3,784.99 MT are imported.
Meanwhile, the country’s frozen-pork inventory for the week ending November 30 also rose by 26.63 percent to 11,563.09 MT, as compared to 9,131.20 MT posted in the same
period last year.
This is 48.19 percent more than last month’s inventory of 7,803.04 MT and 12.29 percent less than last week’s frozen-pork stocks at 13,183.42 MT.
The bulk, or 10,525.41 MT, of the stocks registered during the period is imported while 1,037.68 MT are locally produced.
Agriculture Undersecretary for Livestock Jose Reano earlier said the supply of poultry and livestock in the Philippines will be sufficient enough to last until the Christmas holidays.
Based on the daily monitoring of the Agribusiness and Marketing Assistance Service, the price of chicken in select Metro Manila markets remained stable as of December 11 at P120 to P140 per kilogram. Price of pork ham/kasim was also stable at P170 to P190 per kg.
Reaño told the BusinessMirror earlier the country is expected to meet its 2015 production growth target of 9 percent in the poultry subsector and 5 percent in the livestock subsector.
For the third quarter of the year alone, the livestock subsector registered a 3.25-percent increase in production, while the poultry subsector grew by 8.76 percent.
Reano said the improvement in the two subsectors is due to the enhanced productivity of breeders and growers.
He added that the good performance of both subsectors is seen to persist until
2016.