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October 20, 2013
 
 Philippine hog weekly: Lacklustre sales underpin farmgate hog prices (week ended Oct 16, 2013)
 
An eFeedLink Exclusive
 
 
Price summary
 
Recent poor sales have pulled down prices of Philippine farmgate hogs over the week.
 
Producers say market has been sluggish over slow buying with some meat producers already filling up the demand for their specialty meats for the Christmas holidays.
 
Market observers are expecting another price downtrend in the coming weeks with the deadly earthquake devastating the Visayas region and strong rains hammering some provinces in Mindanao.
  
  
Market Analysis
 
Meanwhile, the government assures stability of meat prices in the Visayas region after being devastated by a deadly 7.2 magnitude earthquake on October 15.
 
Bohol and Cebu suffered the most casualties with death toll expected to reach 200.
 
The disaster has destroyed historical sites such as centuries-old churches and tourist spots. Local trade is gradually recovering with few markets and groceries opening. The strong aftershocks however are preventing more markets and stores to fully operate.
 
Livestock raisers are yet to estimate the losses but they are hoping to recoup immediately amid the wide catastrophe of the strongest earthquake being recorded in recent decade. 
 

Farmgate prices per kilogramme:

 

LUZON

 

PROVINCES

Average Farmgate Price
(Oct 10, in PHP/kg)

Average Farmgate Price
(Oct 16, in PHP/kg)

Changes
(in PHP/kg)

Tarlac

110-112

108-110

-2

Bulacan

110-111

110-111

0

PSPA

110

110

0

Nueva Ecija

111

111

0

Laguna

104-107

104-107

0

Quezon 

107

107

0

Cavite

107-110

107-110

0

Batangas 

109-111

109-111

0

Ilocos

110

105-108

-3.5

Pangasinan

100-105

100-105

0

Pampanga

113

110

-3

Rizal

108-110

108-110

0

Mindoro

90

90

0

 

VISAYAS AND MINDANAO

 

 

 

PROVINCES

Average Farmgate Price
(Oct 10, in PHP/kg)

Average Farmgate Price
(Oct 16, in PHP/kg)

Changes
(in PHP/kg)

Cebu 

103-106

103-106

0

Bacolod

-

-

-

Iloilo

105-108

103-109

-0.5

Cagayan de Oro 

97-103

96-102

-1

General Santos

94-97

90-92

-4.5

Koronadal

88-92

88-92

0

Dipolog

-

-

--

Davao

98

98

0

Zamboanga City 

105

105

0

Surigao

95-98

95-98

0

Agusan del Sur

90-95

90-95

0

Source: Pork Producers Federation of the Philippines
US$1 = PHP43.09 (Oct 19, 2013)

 
 

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