Egg farms in the country are incurring losses due to low demand, an industry organization said on Saturday.
The Philippine Egg Board Association also raised the likelihood that some poultries might stop operation due to the high cost of feeds.
Gregorio San Diego, leader of the group, said egg prices went down over four straight weeks, resulting in lower egg production due to decreasing demand.
“Ang pinoproblema namin, ‘yung demand. Kasi palaging sinasabi na ‘yung supply mababawasan, magiging kaunti. Pero ang problema natin ngayon, ang nababawasan ‘yung pambili ng tao,” San Diego said in an ABS-CBN interview.
“Meron nang size kami, maliliit, below P5 na ang wholesale sa amin. Kaya lugi na naman kami. Ang manok, kinakain sa isang araw P5 na, ibang gastos pa… Lugi kami talaga,” he added.
San Diego said egg prices dropped to P1 a piece, while the price tag of small-size eggs was down to as much as P1.50 in the market.
“Tumataas ang presyo ng feeds, bumababa ang presyo ng aming itlog, eh ‘di lalong lalaki ang pagkalugi namin. Dadating na naman tayo sa marami ‘yung titigil kung ‘di na makakayanan ‘yung pagkalugi,” he said.