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Philippines: Average Market Price and Major Feed Raw Materials 200.0 170.0 175.0 180.0 161.7 153.0 156.0 144.7 160.0 127.3 140.0 119.3 120.0 100.0 Swine (RUB/kg) 100.0 80.0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 140.0 120.0 114.5 90.0 95.2 95.0 100.0 70.3 72.0 82.9 79.1 64.5 80.0 60.0 Broiler (RUB/kg) 40.0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 30.0 21.3 21.4 25.0 18.5 20.0 15.5 14.0 15.6 15.7 16.6 15.9 15.0 10.0 Corn (RUB/kg) 5.0 0.0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 50.0 40.0 33.3 34.2 28.8 28.1 27.1 24.1 24.5 30.0 22.2 22.3 20.0 Soybean Meal (RUB/kg) 10.0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 Source: CPF PHP 1 THB 0.65 P.35

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