THE strong buying capacity of consumers, especially during December, will surely push the prices of dressed chicken in the market, Provincial Veterinarian Renante Decena said.
Amid the surplus in supply of chicken in Negros Occidental, prices will eventually move upward due to the significant increase in demand during the holidays. From a monthly average supply of 1.2 to 1.5 million heads in other months, the consumption demand for chicken in December increases to more than two million heads, Decena added.
Prevailing Market Price Monitoring of the Provincial Veterinary Office (PVO) showed that average price of dressed chicken last month was P151.25 per kilo. Lower by P1.09 per kilo, compared to October’s P152.34 per kilo.
However, as buying capacity of consumers becomes stronger due to 13th month pay and other bonuses this month, the consumption requirement will surely climb, Decena said.
“Increase in demand triggers product prices to go up,” the PVO chief said, stressing that despite huge additional consumption requirement, the province will still have stable chicken supply.
Meanwhile, average prices of eggs have increased to about P0.06 per piece depending on sizes, PVO’s monitoring further showed.
An increase of P0.37 per piece was also noted in the price of salted eggs last month, it added.
Like chicken, the price of eggs is also expected to increase during this month as demand rises too, Decena said.