Amid the continuous entry of imported chicken into the country and the threat of local raisers to cut their production, the Philippines' chicken output during the first nine months of the year went down by 1.4 percent to 425,890 metric tons (MT) liveweight. Data from the Philippine Statistics...
Poultry raisers threaten to cut down production By Madelaine B. Miraflor A group of local poultry raisers has threatened to cut down their production if the government will not act on the crisis they are currently experiencing brought about by low demand, high production cost, and high levels of...
The Philippine government was told to stop the flooding of pork imports which has been negatively affecting the local hog sector. During the ‘Halalan 2022 Para sa Agrikultura’ virtual forum hosted by the Philippine Chamber of Agriculture and Food Inc. (PCAFI), Senator Francis Pangilinan and...
The country's goods purchases from abroad rose at a much faster pace than the sales of Philippine-made goods overseas, bringing the nation’s trade deficit in September to its widest in nearly three years. The Philippine Statistics Authority reported on Friday, Nov. 5, that expenditures for...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
The delayed implementation of the reduced tariff on pork importation and higher import cap is slowing down the pace of food price reduction, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said the nearly three-month delayed application of Executive Order No. 128...
Amid global recovery, the country’s merchandise exports grew by double digits in August, but the expansion was still short to outpace the strong growth in imports that resulted in a wider trade-in-goods deficit. Manila International Container Terminal 1 The Philippine Statistics Authority...
Local farmers will continue to suffer from low palay prices due to typhoons and continuous entry of cheaper, imported rice.
“Palay prices are expected to remain low in the coming weeks with the cumulative effects of typhoons and importation even during the harvest season,
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
The trade activity in the Philippines is continuing to show recovery, the Department of Finance (DOF) said, but the government should still continue to be vigilant with the prevalence of the highly transmissible Delta variant. In his latest DOF economic bulletin, Finance Undersecretary and Chief...
The Philippines’ inventory of frozen pork is at historic high amid the continuous entry of imported pork while local pork output remained flat. 36134 Data from the National Meat Inspection Service (NMIS) showed that inventories of frozen pork in accredited cold storages in the Philippines have...
The Philippines is seen importing more chicken meat until end this year despite declining demand, data from the United States Department of Agriculture (USDA) showed. The latest forecast of USDA’s Foreign Agricultural Service (FAS) in Manila (Post) showed that the Philippines’ “chicken meat...
