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

Meat imports top 16% in Feb. as ASF continues to pressure supply

by
April 13, 2025
in Stock
0
Meat imports top 16% in Feb. as ASF continues to pressure supply
PHILSTAR FILE PHOTO

By Kyle Aristophere T. Atienza, Reporter

MEAT IMPORTS rose 16.18% year on year in February, the Bureau of Animal Industry (BAI) said, with domestic supply remaining constrained by African Swine Fever (ASF).

Meat shipments hit 99.681 million kilograms (kg) during the month, slowing down from the 137.999 million kg in January.

Pork accounted for 53.598 million kg of the total volume for February, up from 38.994 million kg a year earlier. It was down from 70.449 kg in January.

Beef imports totaled 12.490 million kg, buffalo 1.876 million kg, turkey 21,588 kg, and lamb 15,825 kg.

Jesus C. Cham, president of the Meat Importers and Traders Association (MITA), said via Viber that ASF continues to “plague” pork production, while high input costs batter poultry production.

Agriculture Secretary Francisco Tiu Laurel, Jr. said in March that the hog population remains well below levels recorded before the ASF outbreak in 2019.

“Before ASF, we had nearly 14 million hogs, now, we have eight million. This creates a six-million head deficit,” he told the pork industry.

“With a growing population, demand is far higher than the previous 14 million,” he added. 

The Department of Agriculture (DA) said in March that the BAI is working to ensure the commercial release by April of a Vietnamese vaccine against ASF.

Mr. Cham, meanwhile, said the release of the meat import allocation under the minimum access volume  (MAV) remains delayed.

Pork imports falling within the MAV quota are subject to a tariff of 15%, against the regular rate of 25%.

The DA said in April it will overhaul the MAV rules, noting that the allocations have been “exploited by a small number of accredited importers.”

The MAV allocation for pork is 55,000 metric tons (MT), with 30,000 MT going to meat processors.

“At the same time Customs has been targeting higher revenue via high valuations. We will see the effects in the coming months,” Mr. Cham said.

“Meat imports are needed to fill the gap in supply, except for chicken which is sufficient in supply,” Philippine Chamber of Agriculture and Food, Inc. President Danilo V. Fausto said via Viber.

National Federation of Hog Farmers, Inc. Vice-President Alfred Ng, meanwhile, said concerns over higher tariffs imposed by the US will likely prompt the Philippines to maintain the low duties on meat and other agriculture products for longer “for fear of retaliation by the Trump administration.”

“This is not good for livestock raisers,” he said via Viber.

“We are seeing a chaotic economic new order shaping up and we are at its mercy since we are heavily dependent on food imports to feed our growing population,” he said.

“We must go back to basics — support our agriculture industry, support our farmers, and encourage more local production for ultimate food security and food sovereignty,” he added.

The US, which accounts for about 17% of total Philippine agriculture trade, on April 9 announced that it is pausing its plan to impose additional tariffs on most countries — except China — for 90 days.

The Philippines has been assigned a 17% tariff.  In Southeast Asia, Cambodia faces the steepest tariff at 49%, followed by Laos (48%), Vietnam (46%), Myanmar (45%), Thailand (37%), Indonesia (32%), Malaysia (24%) and Brunei (24%). Singapore will be charged a baseline tariff of 10%.

Previous Post

Unsolicited proposal for Davao Airport remains under review, PPP Center says

Next Post

Trump unpredictability pushing exporters to diversify markets

Next Post
Trump unpredictability pushing exporters to diversify markets

Trump unpredictability pushing exporters to diversify markets

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

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    July 15, 2025
    Fear of return-to-office mandates harming employee wellbeing, survey finds

    Fear of return-to-office mandates harming employee wellbeing, survey finds

    July 15, 2025
    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    July 15, 2025
    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    July 15, 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.