Pork market prices in some Southeast Asian countries have increased significantly in February 2021

Published 2021년 2월 26일

Tridge summary

The Philippines is experiencing a significant increase in the prices of essential commodities, including pork and chicken, due to the impact of the COVID-19 pandemic and the outbreak of African swine fever. In response, the Philippine Department of Agriculture (DA) has set a ceiling price for pork and chicken products in the Philippine Capital Area for the next 60 days and is considering doubling its pork import proposal to 400,000 tons. The DA's measures, along with increased imports, have contributed to a decrease in pork prices. Meanwhile, Monterey and San Miguel Foods are relocating livestock facilities to promote stabilization of the pork supply and domestic prices. Thailand is also experiencing a rise in live pig prices as normal export activities to Vietnam are resuming. Vietnam's livestock industry had a notable year in 2020 with increased pork production, despite challenges. The average live pig price in Vietnam in 2020 was approximately 1.58 USD/lb.

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

Original content

Philippines Recently, the prices of essential commodities in the Capital Region of the Philippines such as pork and chicken have increased significantly due to the impact of the coronavirus (Covid-19) pandemic. The supply of pork and meat products in Metro Manila also decreased due to the outbreak of African swine fever (ASF). Pig prices in the Philippines on 4/2/2021 Currently, the price of pork in the Philippines is on a downward trend due to the Government's introduction of short-term price management measures and increased imports. The Philippine Department of Agriculture (DA) has announced a ceiling price for pork and chicken products in the Philippine Capital Area effective for 60 days as follows: Pork shoulder and ham: PHP 170 / kg (USD 2.54 / lb) Pork bacon: 300 PHP / kg (2.83 USD / lb) Chicken with feathers: 1.51 USD / lb. In addition, the Philippine Department of Agriculture also proposed to increase the volume of meat imports from 54,000 tons to 162,000 tons. The ...

Source: Vinanet