Philippines' pork imports expected to increase 6% in 2025 from 2024

게시됨 2024년 9월 4일

Tridge 요약

The Philippines is expected to see a 2% increase in pork consumption in 2025, reaching 1.58 million tons CWE, according to the Global Agricultural Information Network (GAIN). This growth is despite higher inflation reducing consumer purchasing power and shifting preferences towards chicken and processed products. FAS Manila has revised its 2024 pork import estimate down to 480,000 tons CWE, but anticipates lower imports in the second half of the year. The tariff reduction on pork, extended until 2028 by EO 62, has provided greater certainty for meat importers.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Continued animal disease challenges, combined with strong economic growth and projected population growth, will drive up imports. Brazil’s expected increase in pork exports to the Philippines also supports the forecast of increased pork imports in 2025. FAS Manila lowers its 2024 pork import estimate to 480,000 tons CWE. The enactment of EO 62 in June 2024, which extends the tariff reduction on pork until 2028, provides meat importers with greater certainty and they will not need to import in the fourth quarter of each year in anticipation of the tariff not being extended. Accordingly, FAS Manila predicts lower imports in the second half of 2024. Philippine pork consumption to increase by 2% in 2024 According to the Global Agricultural Information Network (GAIN) report, the Philippines' pork consumption in 2025 is forecast to reach 1.58 million tons CWE, up 2% from 2024. Economic growth and population growth will support increased pork ...
출처: Vinanet

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