Philippines: NegOcc meat prices remain unstable

BACOLOD CITY – Average prices of meat, particularly pork and chicken, have yet to stabilize in Negros Occidental even as the price cap in Metro Manila is expected to affect the wet market prices in the province. This week’s monitoring of Provincial Veterinary Office (PVO) showed that prices are still high for at least the third consecutive week, with pork now averaging at PHP225.10 per kilogram, higher by PHP20.34 higher compared to only PHP204.76 last week. Dr. Renante Decena, provincial veterinarian, said in a statement on Wednesday that local meat vendors still have previous orders with high live weight price, which is still reflected in the current average prices. He added that some backyard raisers also hold on to their supply, waiting for prices to increase as the live weight price has already gone down to PHP125 to PHP150 per kilogram. “Let’s see the result in the coming days on how traders and buyers will strategize and how the market will react,” Decena said as the price ...