Pork, poultry demand may overtake supply in H1 2012 – govt

A shortfall in the supply of pork and chicken is bound to happen in the first half of 2012 when demand expected to accelerate, according to a report by the Bureau of Animal Industry (BAI) on Wednesday.   The hogs sub-sector is likely to incur a 47,590-metric ton (MT) deficit of pork in the second quarter of 2012, the BAI Swine and Poultry Bulletin reported.   While demand for pork is expected to drop by 3.7 percent in the first quarter of 2012, the BAI said demand is expected to spike by nearly 15 percent in the second quarter year-on-year.   On the supply side, the forecast is a 3.39 percent decline in the first half.   According to the BAI report, the pork supply forecast did not take into account the frozen inventory and the possible impact of interventions that both government and private sectors may implement to avert the shortfall.   It noted that it is possible for the supply side to rise by 3.5 percent in the first half of 2012.   The estimated deficit for broiler meat is 16,931 MT or 16.931 million kgs.   The BAI noted that broiler meat supply in the first half of 2012 will likely fall by 2.99 percent year-on-year.   For the first six months of 2012, the demand for broiler meat may grow by 4.72 percent.   "Demand for (broiler meat) may grow by 4.78 percent in the first quarter and by 4.66 percent in the second quarter," according to the report. — VS, GMA News