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Pork imports in the Philippines increased by 176% in the first half of the year

 Last Update: 2021-08-01
 Source: Internet
 Author: User

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According to a report by the Philippine Business Mirror on July 8, the Philippines is the eighth largest pork consumer in the world .
The latest data from the Bureau of Animal Industry (BAI) shows that in order to meet domestic demand and stabilize prices, nearly 278,000 tons of pork were imported in the first half of this year.
, A year-on-year increase of 176%, setting a record for the same period in history
.
According to sources, the total annual import volume may reach a record 392,000 tons
.
The Ministry of Agriculture’s goal is to reduce the retail price of pork from the current 310 to 390 pesos per kilogram to below 300 pesos per kilogram
.
The Ministry of Agriculture estimates that this year's pork supply gap is about 400,000 tons
.

Imported pork animals

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