Some Philippines McDonald's Can't Serve Chicken as Demand Soars [Business News Network (BNN) (Canada)]
McDonald's Corporation (MCD)
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Source: Business News Network
“We continue to serve chicken” but there are “certain” stores that temporarily don't sell chicken, Adi Hernandez, corporate communications director at McDonald's Philippines, said in a phone interview. While government is right in saying there is no shortage of poultry supply, the restaurant operator has to uphold certain standards for its products, she said. Whole chicken prices in Manila have risen 25% to 200 pesos ($3.75) since the start of the year, according to data from Department of Agriculture. The Southeast Asian nation expects chicken production to decline as feed becomes more expensive, with higher humidity that's not favorable to growers also compounding the cost issue, United Broiler Raisers' Association president Elias Jose Inciong said in June. ©2022 Bloomberg L.P. Top Picks Top Stories 'All bets are off' if Russia scales back energy output: Whitecap CEO Inflation expectations hit record in Bank of Canada surveys Energy, materials stocks lead TSX in b
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