Sometimes it is hard to answer a question like that although it seems like a simple question. Certainly, we all hope that it would be a better year than before, but the reality is that the situation is not better than last year. Anyway, in the Philippines our basis of performance is normally the selling price and it is apparent in all the monitoring groups that our price level this year is still a peso lower than that of last year in the same periods. If we consider major input cost, protein sourcesare at least 15% to 20% higher. This would simply mean it would cost higher now to produce a kilo of pork than that of last year without of course considering mortality rates, power cost, etc. including cost of improving farm operations and genetics.
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