Philippine pork prices expected to continue to rise

Published 2024년 9월 3일

Tridge summary

The USDA Foreign Agricultural Service in Manila has forecasted a continued rise in pork prices in the Philippines in 2025 due to a surge in demand that will overpower a slight recovery in domestic production. This is evident in the significant price increases for pork kasim and liempo in the Metro Manila market in 2024, compared to 2023. Despite higher export prices from major pork exporters (excluding Brazil), imported pork remains cheaper than locally sourced pork.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA Foreign Agricultural Service post in Manila forecasts pork prices to continue to increase in 2025 as stronger demand will outpace only a slight rebound in domestic production, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Recent pork kasim (shoulder) and liempo (belly) prices in the Metro Manila market are nearly 18 and 10 percent higher, respectively, than the same week in 2023,indicating that market is not oversupplied. Farm gate prices are also up compared to the same period in 2023. Export prices of major pork exporters, with the exception of Brazil, are ...

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