Panama: Poultry Industry Could Grow 5% in 2017

The Panamanian Aviculturists Association expects to close the year with a 5% growth, with around 4 million chicken units more than those produced in 2016.

Monday, November 20, 2017

Carlos Castroverde, president of the National Association of Poultry Farmers of Panama (Anavip), based his estimate on the general stability shown by the price of chicken in the local market. "... 'the price has remained stable in recent years compared to other products such as meat, a factor which is important in consumers decision to buy'."

See : "Chicken meat consumption grows in Central America"

Elcapitalfinanciero.com reports that " ...Francisco Ameglio, manager of Hacienda Trofarello, a company located in the village of Las Yayas, in La Chorrera, dedicated to fattening chicken, agrees with Castroverde's argument when he thinks that this product is the most economical type of protein on Panamanian tables. This consumption behavior has allowed production on his farm to double, since he previously delivered 3.5 million pounds of chicken per year to the market, and currently provides almost 7 million pounds per year."

Figures from the "Market Snapshot of Chicken Meat" report by CentralAmericaData show that at the regional level, in 2016 Panama was the country that registered the highest per capita annual consumption, with 43.8 kilos, followed by Costa Rica with 35.8 kilos, Guatemala with 24.4 kilos, Honduras with 22.9 kilos, Nicaragua with 22.5 kilos and El Salvador with 18.3 kilos.

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