5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Import permits suspended for institutional buyers of galunggong, mackerel, bonito

by
April 2, 2024
in Stock
0
Import permits suspended for institutional buyers of galunggong, mackerel, bonito
BFAR.DA.GOV.PH

THE Department of Agriculture (DA) said it has stopped issuing import permits to institutional buyers of round scad (galunggong), mackerel, and bonito.

In Memorandum Order No. 14, the DA halted the release of sanitary and phytosanitary import clearances for fish imported for canning, processing, and for other uses by institutional buyers. The order specifically exempts mackerel for canning from the permit freeze.

The memorandum, signed by Agriculture Secretary Francisco P. Tiu Laurel, Jr., cited reports that such imports were being diverted towards public markets.

“The top commodities that are identified as prone to diversion are round scad, bonito, and mackerel,” the DA said.

Fisheries Administrative Order No. 195 (FAO 195) of 1999 authorizes institutional buyers to import frozen, chilled, or fresh fish for canning and processing.

The order was designed to reduce competition for the domestic catch sold in wet markets.

Volumes for imported mackerel are to be based on the VATable sales of the canned product during the prior year, plus an additional 10%.

The DA said fish imported under FAO 195 intended for canning need to follow labeling rules.

In 2022, the DA imposed a similar suspension after finding institutional imports of mackerel and galunggong were being diverted to wet markets. — Adrian H. Halili

Previous Post

Transport, construction yet to recover 2019 levels — WB

Next Post

NWRB to rule on higher NCR water quota by middle of April

Next Post
NWRB to rule on higher NCR water quota by middle of April

NWRB to rule on higher NCR water quota by middle of April

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    DA to lift max SRP for pork in 24 hours

    DA to lift max SRP for pork in 24 hours

    May 14, 2025
    Housing policies can’t keep up with evolving family trends in PHL

    Housing policies can’t keep up with evolving family trends in PHL

    May 14, 2025
    GBonds feature launch eyed for second half

    GBonds feature launch eyed for second half

    May 14, 2025
    SMC Q1 net income soars to P43.4B on forex, asset gains

    SMC Q1 net income soars to P43.4B on forex, asset gains

    May 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.