The Philippines intends to import 400,000 tons of pork

Published 2021년 4월 29일

Tridge summary

The Philippines is grappling with a severe animal protein shortage, with pork imports accounting for 23% of its consumption. The situation is worsening due to the African Swine Fever epidemic, which has led to the culling of over 400,000 pigs since 2019. To mitigate this, the country plans to increase pork imports to 400,000 tons from the current 30%, with an additional 200,000 tons to be imported tariff-free until June. The tariff for imports exceeding this limit will be 15% instead of the usual 40%. The decision to allow imports only from ASF-free countries has been well-received, especially by the United States, the leading pork exporter to the Philippines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Philippines is currently 23% dependent on pork imports, but this dependence could increase as the country faces the ongoing ASF epidemic. Since 2019, more than 400,000 pigs have been slaughtered in 5 provinces of the country, and pork imports are the only salvation to meet the domestic meat demand. The Philippines is currently 23% dependent on pork imports, but this dependence could increase as the country faces the ongoing ASF epidemic. The Filipino market intends to accept 400,000 tons of pork at a rate of 5% instead of 30%, as the Asian country is struggling with a huge animal protein shortage and rising prices. Additional pork imports of up to 200,000 tonnes into the country will be subject to a 15% tariff instead of 40%, according to an order signed by President Duterte, valid until June. Said Jet Ambalada, director of the Processors Association's Philippine meat division. Currently, pork is still sold on the market at higher prices as import tariffs range from 30% to ...
Source: SwiatRolnika

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