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Jollibee's Chickenjoy supplier working to keep costs down

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ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1389363" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA – Jollibee&#x27;s poultry supplier said Monday it was working to keep costs down as El Nino takes hold and with the specter of a strong peso.</p><p>The drought could drive up prices of corn that is used as chicken feed but this will be offset by a strong local currency, which could bring down import costs, Cargill Philippines president Philip Soliven told ANC.</p><p>&quot;Everyone is worried about inflation and we hope that we can keep the cost of these protein down so we don’t stoke inflation again sometime in the future,&quot; he said..</p><p>&quot;There is a component of input cost that are imported and to that extent imported ingredient becomes less expensive,&quot; he said.</p><p>Cargill&#x27;s joint venture with Jollibee Foods Corp, C-Joy, is also looking for growth opportunities in the Visayas and Mindanao where economic activity has “significantly” increased, he said.</p><p>Cargill is readying a <a href="http://news.abs-cbn.com/business/11/28/18/chickenjoy-supplier-sees-dramatic-growth-readies-p125b-investment"><strong>P12.5 billion investment</strong></a> in the next 2 years, its CEO David MacLennan said in November. The company is planning to hire &quot;a few hundred more&quot; in the next few years to add to its 2,300 strong workforce, Soliven said Monday.</p>

<p>Cargill's joint venture with Jollibee Foods Corp, C-Joy, is also looking for growth opportunities in the Visayas and Mindanao where economic activity has “significantly” increased.</p>

Cargill's joint venture with Jollibee Foods Corp, C-Joy, is also looking for growth opportunities in the Visayas and Mindanao where economic activity has “significantly” increased.