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S.
Department of Agriculture's Foreign Agriculture Service (USDA-FAS) pointed out in the latest report that although global pork production is expected to increase this year , Philippine pork production is expected to drop to 1 million tons.
This is a decrease of 10% year-on-year, which is nearly 40% lower than the 1.
6 million tons before the outbreak of African swine fever
.
In addition, the government set a temporary price cap on retail pork to control prices, which ultimately inhibited the growth of pork production
.
Statistics from the Philippine Bureau of Statistics (PSA) show that pork production in the Philippines fell by 25.
8% in the first three quarters to 422,000 tons
.
At the same time, the USDA’s forecast for global pork production was raised to 105.
1 million tons, nearly 4% higher than the previous forecast of 101.
5 million tons
.
Similarly, the U.
S.
Department of Agriculture also raised its global pork export forecast for this year to 11.
8 million tons, which is 2% higher than the initial forecast of 11.
5 million tons, due to higher estimates for all major exporting countries
.
1 million tons, nearly 4% higher than the previous forecast of 101.
5 million tons
.
Similarly, the U.
S.
Department of Agriculture also raised its global pork export forecast for this year to 11.
8 million tons, which is 2% higher than the initial forecast of 11.
5 million tons, due to higher estimates for all major exporting countries
.
