The Department of Agriculture of Manila says pork prices start to normalize

Published Sep 29, 2021

Tridge summary

The Department of Agriculture in the Philippines has reported that pork prices are beginning to return to normal in the markets, with the price of kasim now at PHP280 per kilo, down from a peak of PHP360 per kilo in January 2021. Liempo sells at PHP340 per kilo, which is also cheaper than its peak price in January 2021. The DA is continuing to assist pork producers and is providing financial assistance to backyard and semi-commercial raisers in "green zones" through its Agricultural Credit Policy Council. The DA is also implementing a hog repopulation program and has secured PHP42 billion for lending to commercial raisers in ASF-free areas, with support from agribusiness firms such as Univet and CP Foods.

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Original content

MANILA – The Department of Agriculture (DA) reported on Wednesday that prices of pork have started to normalize in the markets A report from its Bantay Presyo Price Monitoring Unit showed the prevailing price of kasim is now at PHP280 per kilo, down from its peak price of PHP360 per kilo in January 2021, while liempo sells at PHP340 per kilo, which is PHP60 cheaper than its peak price at PHP400 per kilo in January 2021. Frozen pork sold in wet markets also continues to be cheaper by PHP60 per kilogram compared to fresh pork -- at PHP220 per kilo for frozen kasim, and PHP280 per kilo for frozen liempo. However, the report also mentioned that only seven out of every 100 meat stalls are selling frozen pork in the National Capital Region (NCR) wet markets as frozen pork requires chillers. "If the trend continues, the DA projects retail prices may return to the price level of September last year," the DA said. The DA added it will continue to assist pork producers to maintain this ...

Source: Pna