Senate Minority Leader Franklin Drilon on Tuesday, April 27, expressed belief that the government can maintain the tariff rates and adjust the minimum access volume (MAV) in the importation of pork to more reasonable levels. (MANILA BULLETIN File photo/Keith Bacongco) At the Senate Committee of the...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat. Finance Secretary Carlos G. Dominguez III said the lower import tariffs and higher the...
Meat prices continued to rise despite the recent 150 percent surge in pork import volume, casting doubt on the government’s recent move to bring down tariffs on imported pork. A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines. (Bloomberg file) “The...
Temporary increase in pork imports will not “kill” the hog industry, as the National Economic and Development Authority (NEDA) estimated that it would potentially account for less than a quarter of total consumption. In a statement on Friday, April 16, Acting Socioeconomic Planning Secretary...
The tariff cuts on imported pork under Executive Order 128 is expected to result in P14 billion loss in government revenue, according to the Kilusang Magbubukid ng Pilipinas (KMP). A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines, on Sunday, March 14,...
Consumers are urged to keep on patronizing local pork amid the issuance of Executive Order (EO) 128, which will bring down the tariff on pork imports and will pave the way for the entry of more imported pork into the Philippines. On Thursday, Samahang Industriya ng Agrikultura (SINAG) Chair...
The country’s trade deficit widened by double-digits in February after imports expanded for the first time in nearly two-years, preliminary data from the Philippine Statistics Authority (PSA) showed. MB File (Photo by Ali Vicoy) Based on the PSA report released on Thursday, April 8, the gap in...
The Philippine government will no longer extend the price ceiling on pork and chicken in Metro Manila, but will impose a price cap or suggested retail price (SRP) on imported pork only starting Friday, April 9. Agriculture Secretary William Dar announced during Wednesday, April 7 virtual briefing,...
Several agriculture lobby groups jointly appealed for President Rodrigo Duterte to withdraw his recommendation to increase the Minimum Access Volume (MAV) for pork by 350,000 metric tons (MT) as this may cause further damage to the local hog industry. The groups also asked Duterte to shelve another...
The Bureau of Customs (BoC) has confirmed that there has been undervaluation of rice imports in the country and vowed to address the issue. (MANILA BULLETIN) A statement from the Federation of Free Farmers (FFF) revealed that BoC Commissioner Rey Leonardo Guerrero has already initiated to plug...
President Rodrigo Duterte’s recommendation to increase the Minimum Access Volume (MAV) for pork by 350,000 metric tons (MT) will result in losses on the part of consumers and local hog raisers, a group said. In a statement, Samahang Industriya ng Agrikultura (SINAG) Chair Rosendo So said...
