The Philippines

Pork and chicken meat prices to be capped in the Filipino market

Products

The measure was presented to President Duterte to be applied for 60 days in the capital region of the country.

Posted on Jan 28 ,07:44

Pork and chicken meat prices to be capped in the Filipino market


The spike in meat prices in the capital region of the Philippines is forcing Government officials to launch a proposal for a cap in pork and chicken meat prices. The agriculture department asked President Rodrigo Duterte to set the maximum price for pork belly at 300 pesos ($ 6.24) per kilo, and chicken at 160 pesos ($3.33) per kilo in the Manila region for 60 days, according to Agriculture Secretary William Dar. Pork prices almost doubled to up to 450 pesos per kilo on January 22 compared to last year, while the cost of chicken increased slightly to up to 200 pesos per kilo.
Dar also announced an investigation on possible anti-competitive practices. The Southeast Asian country plans to triple pork imports, as African swine fever has reduced supply and raised prices. Analysts are expecting the Philippines to be one of the major importers of pork in Asia, as China and Vietnam are currently working on rebuilding their pig herds and increasing biosecurity measures in pig farms.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Turkey

Food waste problem to be analyzed in Turkey

Hotels, restaurants, and food services have a vital role to play in reducing food loss and waste....


Read more Read more
Germany

Germany reports strong sales of pork in the EU

German pig prices rose this week to €1.40 per kilogram of slaughter weight from €1.30 l...


Read more Read more
China

Slight fall in China's pig prices

Pig prices in China have eased in the last couple of weeks due to meat reserves put on the market...


Read more Read more
Websolutions by Angular Software and SpiderClass