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October 28, 2011
 
Philippine hog weekly: Farmgate hogs may show signs of improvement (week ended Oct 17, 2011)

an eFeedLink Exclusive
 

Price summary

Prices of Philippine farmgate hogs remained stable, and analysts forecast improvement in the coming weeks, despite price drops in some provinces. The province of Ilocos saw a PHP10 decline, the biggest price decrease in months.

Favourable weather is a factor in the steady prices, as there have been no heavy rains in the past week after the onslaught of three strong cyclones which hit the country early this month.

The past several weeks have been difficult for hog producers due to typhoons and the deluge of imports which reportedly caused the closure of some hog farms. The present price stability may well mean that prices are on their way to recovery, compared to the plummet of previous weeks.

The Christmas season is also another reason why prices may see improvement in the coming weeks, according to traders.
 

Market Analysis

Meanwhile, the Pork Producers Federation of the Philippines is urging the government to let them import tariff-free corn for a limited period.

ProPork president Edwin Chen said corn prices have been at least PHP13 a kilogramme, which was significantly higher than the usual PHP12 a kilogramme that hog farmers usually paid for corn.

The import tariff for corn is at 35%, and without the tariff, it can be bought at a landed price of PHP12 per kilogramme or lower.

The group said imports were needed to cope with the price surge of local corn.

In a letter, ProPork said the continuous rise in corn prices would result in further losses for hog farmers who are still reeling from the devastating effects of typhoons and pig diseases. The group also said the price spike for corn may force several hog farms to close, particularly backyard producers who do not have the capital to shoulder the additional costs.

The high price of corn is taking its toll on the swine industry because of its domino effect on production cost and the tariff-free importation would significantly help the industry, the group said.
 

Farmgate prices per kilogramme:

LUZON

 

 

 

PROVINCES

Average Farmgate Price
(Oct 6, in PHP/kg)

Average Farmgate Price
(Oct 17, in PHP/kg)

Changes
(in PHP/kg)

Tarlac

94-98

94-98

0.00

Bulacan

88-98

88-97

-0.50

PSPA

87-101

85-97

-3.00

Nueva Ecija

85

85

0.00

Laguna

85-90

85-90

0.00

Quezon 

90-96

90-96

0.00

Cavite

90-93

88-94

-0.50

Batangas 

91

91

0.00

Oriental Mindoro 

75

75

0.00

Naga

94-96

92-94

-2.00

Pampanga

94-98

94-98

0.00

Rizal

88-92

88-92

0.00

Pangasinan

-

-

-

Ilocos

95

85

-10.00

 

 

 

 

VISAYAS AND MINDANAO

 

 

 

PROVINCES

Average Farmgate Price
(Oct 6, in PHP/kg)

Average Farmgate Price
(Oct 17, in PHP/kg)

Changes
(in PHP/kg)

Cebu 

84-92

84-92

0.00

Bacolod

88-90

85-90

-1.50

Iloilo

83-86

82-85

-1.00

Dumaguete

80-83

80-83

0.00

Aklan

80-85

80-85

0.00

Cagayan de Oro

85-90

85-88

-1.00

General Santos

80-83

79-83

-0.50

Koronadal

83-86

82-85

-1.00

Dipolog

90-95

90-95

0.00

Davao

92-98

92-98

0.00

Zamboanga City 

98

95-98

-1.50

Ozamis 

92-98

92-98

0.00

Pagadian

87-88

85-87

-1.50

Surigao

92-95

92-95

0.00

Agusan del Sur

90

90

0.00

Source: Pork Producers Federation of the Philippines
US$1 = PHP42.67 (Oct 28, 2011)

 

 


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