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...
The Philippines is seen importing more rice in the coming months amid expectations of improving economic conditions despite the prolonged pandemic. 34306 In the updated forecast of US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in Manila (Post), the Philippines rice...
The Philippines’ rice inventory fell in August after stocks in households, commercial, and the National Food Authority (NFA) warehouses all recorded decline in supply. Latest data from the Philippine Statistics Authority (PSA) showed that as of August, the country's rice stocks inventory was...
The country’s trade deficit widened in July amid the gradual reopening of the local economy. Philippine Export and Import Statistics July 2021 The Philippine Statistics Authority (PSA) reported Thursday, Sept. 9, that the gap in the trade balance, or the difference between the value of export and...
The country’s trade deficit narrowed in June to its lowest level in three-months, data from the Philippine Statistics Authority (PSA) showed. Port Area Based on the PSA report released on Friday, August 6, the gap in the trade balance, or the difference between the value of export and import,...
Senator Francis Pangilinan on Sunday, July 18 expressed dismay that pork prices remain high despite the lower tariff on imports, saying the government should restore to its original 20 to 30 percent levels to help hog raisers recover from the African swine fever. “It’s been three months since...
Pork prices at select markets in Metro Manila have remained high despite the surge in imports recorded during the first half of 2020, prompting one of the country’s largest agriculture lobby groups to call out the Department of Agriculture (DA) anew for its pro-importation stance. The group,...
