Indonesia's poultry industry has suffered a loss of at least 13 trillion rupiah (around 1.4 billion U.S. dollars) since bird flu outbreak was confirmed in 2004, which caused chicken meat and egg prices to fall sharply, an executive said Wednesday.
"In February-March 2004, chicken meat price even lunged to 1, 800 per kg from 7,000 rupiah. The 1,800 rupiah of price made up a mere 12 percent of the production costs," said Hartono, chairman of the National Poultry Market Information Center.
Chicken meat prices dropped again in July-October 2005 to send a blow to small and medium-scale chicken farming businesses, he was quoted by the national Antara news agency as saying.
Meanwhile, government anti-bid flu team head Bayu Krishnamurti said the loss was calculated from chicken growers alone.
"It doesn't cover the impacts on poultry-related industries and tourism and the increasing investment risk in Indonesia," he said.