Philippine inventory of imported pork at historic high

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 been reaching historically high levels over the last few weeks. From September 20 to 27, inventories of frozen pork in accredited cold storages in the Philippines stood at 79,390.78 metric tons (MT). While this is slightly lower than the peak of 83,197.70 during the previous week, this is more than a hundred percent from the 39,004.51 MT recorded during the same period last year. From August 8 to 14, frozen pork inventory also peaked at 77,761 MT. The increase in the supply of frozen imported pork, according to United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in Manila (Post), was brought about by the “intensifying [pressure] on these facilities to ...