December 18, 2008
Indonesia's poultry prices seen to increase in 2009
Indonesia's poultry prices in 2009 are expected to climb by ten percent compared to this year's average price due to the global financial crisis, according to industry sources.
Poultry prices are predicted to fluctuate in 2009 and eventually tide over the global crisis with a slight increase.
The poultry industry had asked the government to prevent imports from distorting the market as consumer purchasing power is still weak.
The Poultry Market Information Centre said that poultry products consumption might increase after the global crisis is over.
He said that egg and broiler chicken prices are estimated to increase by 10 percent, adding that the price movement will affect production rate by animal breeders. Poultry products are still seen cheaper compared to fish and meat, he pointed out. The coming general elections could also fuel a poultry products price hike, he concluded.
Poultry consumption is seen to increase as political parties usually boost spending on food as part of their campaigns before the presidential and parliamentary elections which would be held next year.