The Philippines' meat imports have increased in the first 8 months of 2022

Published 2022년 9월 28일

Tridge summary

The Philippines has seen a significant increase in pork imports, accounting for 54% of the total imported meat volume, with a 20.56% rise from the previous year. This surge exceeded the US Department of Agriculture's forecast of 400,000 tons, attributed to the extension of a reduced import tax under Ordinance (EO) 171. Sliced pork was the most imported pork product, with Spain being the primary supplier. On the other hand, chicken imports experienced a 5% decrease, primarily from Brazil, and beef imports slightly fell. Buffalo meat, duck, lamb, and turkey imports also showed varied trends, with lamb imports seeing the most significant increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In which, pork accounted for more than half of the total imported meat volume, or 54%, at 464,840 tons, up 20.56% over the same period last year. This exceeded the US Department of Agriculture (USDA) forecast for pork imports. Previously, USDA forecast pork imports to reach 400,000 tons this year, due to the reduction of import tax on pork extended under Ordinance (EO) 171. According to EO 171, the import tax rate of 15% for pork imported within the quota and 25% for pork imported outside the quota will be extended until December 31, 2022 to lower prices and stabilize prices. domestic pork supply. Sliced pork was imported the most with 206,320 tons, followed by offal 143,560 tons. Pork imported the most from Spain with 154,540 tons, Canada 86,910 tons and Brazil with 48,120 tons. Next, chicken accounted for 23.73% of the total volume, reaching 244,800 tons, down 5% from 260,310 tons in the same period last year. Boneless chicken was the most imported product with 148,380 tons, ...

Source: Vinanet