African Swine Fever (ASF) wields adverse impact to Philippine’s corn production

Published 2021년 3월 28일

Tridge summary

The US Department of Agriculture's Foreign Agricultural Service (FAS) has reported a 2.4% decrease in the Philippines' corn production, dropping to 8.0 million metric tons, due to African Swine Fever (ASF) and COVID-19. The decline is attributed to reduced hog and broiler feed consumption, low farm gate prices, and hesitation among local hog raisers to repopulate due to ASF. The country's economic downturn, highlighted by a 9.5% plunge in GDP in 2020, also plays a role. Additionally, the poultry sector faces lower chicken demand due to pandemic restrictions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The persistence of African Swine Fever (ASF) did not only affect the Philippines’ hog production. Corn production, too, is now reeling from the impact of the dreaded animal virus. In the latest Global Agricultural Information Network (GAIN) report, US Department of Agriculture’s Foreign Agricultural Service (FAS) here in Manila (Post) said the country’s corn production is expected to fall 2.4 percent to 8.0 million metric tons (MT), resulting from reduced hog and broiler feed consumption and low farm gate prices. “Grain and feed prospects in MY [market year] 2021/2022 are challenged by the continued spread of ASF in main pork-producing areas of Luzon and in parts of the Visayas and Mindanao. The disease is fatal to pigs but poses no human health concerns,” FAS said. “The threat of ASF has driven some hog raisers to downsize operations, including two major piggeries on Luzon Island. Lower demand for hog feed (and lower corn farm gate prices) is likely to lead to lower corn planting ...
Source: Mb

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.