Philippine pork production and import forecasts in 2023

Published 2023년 4월 13일

Tridge summary

The USDA has forecasted a 5% increase in the Philippines' pork production in 2023, reaching 975,000 tons, despite recent African Swine Fever outbreaks. However, pork imports are expected to be lower due to high international prices and decreased demand, caused by food inflation. The EU is the primary supplier of pork to the Philippines, but there has been a significant decrease in purchases from the EU this year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA estimates that pork production in the Philippines will increase by 5% year-on-year in 2023 to reach 975,000 t, a figure still lower than in 2021 (1 million t) due to the latest outbreaks of African Swine Fever (ASF ) in Cebú, one of the main suppliers of Metro Manila and in Maguindanao do Sul. On March 7, ASF was confirmed in Cebu Province, while the Autonomous Region of Bangsamoro in Muslim Mindanao (BARMM) was affected by ASF on March 27, 2023. This fact leaves only the National Capital Region ( NCR) without disease foci. It is estimated that pork imports will be lower this year due to high pork prices in the international market and lower demand. The USDA predicts pork consumption in the Philippines in 2023 to be lower due to the effect of food inflation, which leaves little purchasing power for pork. The EU is ...
Source: 3tres3

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