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Egg supply stable but prices may still rise due to cost of feeds, transport: stakeholder

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RG Cruz, ABS-CBN News

<p><br/>MANILA - Egg prices may go up despite a stable supply in the country, an agricultural sector stakeholder told a hearing of the House Committee on Agriculture and Food Wednesday morning.</p><p>Arnulfo Frontuna, chairperson for Livestock under the Philippine Council for Agriculture and Fisheries, said this was due to the high cost of inputs.</p><p>Frontuna said the cost of corn, soya, and other feed ingredients have been rising. </p><p>Apart from this, transport problems may also affect supplies as some towns restrict the transit of poultry due to fears that these may be carrying diseases. </p><p>&quot;Ang problema lang natin dito, is yung supply chain kasi may mga areas tayo na binabawal ng mga local government yung transport,&quot; Frontuna said.</p><p>He added that while he understands the concerns of some local governments, measures should be put in place to address supply chain woes.</p><p>&quot;Kasi kung hindi magkakaroon po ng shortage ng supply sa bawat probinsiya, depende kung magiging masyado silang mahigpit. So kailangan natin pag-aralan, kailangan natin pag-aralan yan napakahalaga po niyan.&quot; Frontuna added.</p><p>Egg prices have been rising since late last year with producers blaming this on the high cost of feeds. </p><p>Last month, an egg industry stakeholder also said several egg producers with limited capital suspended their operations after incurring losses due to overproduction last year. </p><p>Egg producers are also worried over possible losses due to bird flu infection.</p><p>Inflation surged to a 14-year high of 8.7 percent in January, partly due to elevated prices of select food items. </p><div> </div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/01/24/23/marcos-seeks-explanation-for-high-egg-prices">Marcos seeks explanation for rising egg prices</a></li>	<li><a href="https://news.abs-cbn.com/business/02/07/23/inflation-quickens-to-87-percent-in-january-2023">Inflation quickens to 8.7 pct in January as housing, water, power costs rise</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2434048" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><div><br/> </div>

Egg prices may go up despite a stable supply in the country, an agricultural sector stakeholder told a House hearing.

Egg supply stable but prices may still rise due to cost of feeds, transport: stakeholder

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Egg supply stable but prices may still rise due to cost of feeds, transport: stakeholder

RG Cruz,

ABS-CBN News

Published Feb 08, 2023 02:07 PM PHT

Read More:

egg prices

agriculture

food inflation

Arnulfo Frontuna

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