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Philippine frozen pork stocks increase by 8%

 Last Update: 2021-07-29
 Source: Internet
 Author: User

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According to the Philippines' Business Mirror "reported June 18, the Philippine National Meat Inspection Service (NMIS) data show that as of June 7, cold frozen pork inventories increased by 8% to 50,000 tons, for the past 11 months the highest since the week of inventory, of which 96% of the frozen inventory is imported in
.
The Philippine government is pinning its hopes on imported pork to make up for the shortage of domestic supply and curb the rise in retail prices of pork
.
Industry insiders attribute this increase to the need to fill domestic supply shortages, thereby raising retail pork prices to unprecedented levels
.
They also pointed out that lowering pork tariffs resulted in a quadrupling of major pork imports
.

Meat frozen pork frozen imports

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