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NewsTranscript
00:00The price of eggs is rising for some families in Metro Manila.
00:04We will talk about that with Francis Uyahara, President of the Philippine Egg Board Association.
00:09Good morning and welcome to Balitang Hali.
00:12Good morning, Mr. Rafi and to all the listeners and viewers of your program.
00:18What is the reason for the rise in the price of eggs?
00:21According to a strike in Santa Cruz, Manila, the price of eggs increased by 20 pesos per tray.
00:28You are right that the price of eggs has increased.
00:31We came from a very low price for the last four months.
00:38Since February this year, the price of eggs has dropped a lot.
00:44The reason for the rise in the price is the adjustment in increasing the demand of our consumers
01:00and also the decrease in the number of chickens from our farm producers in the last few months due to huge losses.
01:10So the combination of increasing demand and decreasing supply is why the price increased.
01:14How long will this increase last? Will it increase in the coming weeks?
01:21Actually, Mr. Rafi, the price that is happening now is a decent price.
01:27We came from a drop in price.
01:30That drop in price is a big loss for our farm producers.
01:36We are not used to the trend of eggs.
01:42But the current price is an adjustment towards our decent egg prices.
01:52So you are saying that this is the normal price now compared to the past?
01:58You are right.
01:59This is the normal price.
02:01This is the right price for eggs compared to the summer season when the price dropped a lot.
02:09What is the current situation of poultry farm owners that was affected by the rise in the price of El Nino?
02:16Their losses were huge.
02:19That is why they were forced to do post-cutting.
02:23Part of the post-cutting is to reduce the price of poultry farms
02:28so that they can lower their expenses
02:32because we cannot control the price drop for the last three months,
02:40the summer and El Nino.
02:44In your projection, how long will this situation in the price of eggs continue?
02:48Will the price of eggs increase?
02:52It is possible that the price will increase towards the end of this year.
02:57This is the Christmas season.
03:00But rest assured that our industry has the capacity to add more chickens.
03:07It will just take some time for the chickens to be repopulated.
03:15But definitely, right now, we do not have a shortage of eggs.
03:21Towards the Christmas season, the industry will be able to add more chickens
03:26so that the demand will increase towards the holiday season.
03:32Thank you very much for your time in Balitang Hali.
03:35Thank you very much.
03:37This is Philippine Egg Board Association President Francis Oyejara.
03:50For more information, visit www.gmanews.tv.