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October 31, 2011
 
Philippine hog weekly: Farmgate hog prices gradually picking up (week ended Oct 24, 2011)

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Price summary

Prices of Philippine farmgate hogs are gradually recovering over the week, as the province of Ilocos posted a PHP11 hike, after a drop of PHP10 last week.

Unlike previous weeks where prices have continually declined, some provinces have already registered price increases, a sign that farmgate hogs are already en route to price recovery.

The Christmas season is the main factor for the price gain, although hog raisers are hoping that the prices will improve further in the coming weeks to make good their losses in the past months.
 

Market Analysis

Meanwhile, the government is allocating PHP331 million (US$7.62 million) in aid to help farmers and fisherfolk in Central Luzon, which was heavily devastated by typhoons Quiel and Pedring.

Based on government figures, the farm sector, including hog and livestock, recorded losses of around PHP12 billion (US$277.77 million). The destruction caused by typhoons in the second half of this year is expected to slash agricultural output.

Hog farmers, particularly backyard producers, approve of the aid fund, as this will help them recoup their losses caused by floods and strong winds.
 

Farmgate prices per kilogramme:

LUZON

 

 

 

PROVINCES

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

Average Farmgate Price
(October 24, in PHP/kg)

Changes
(in PHP/kg)

Tarlac

94-98

90-96

-3.00

Bulacan

88-97

88-96

-0.50

PSPA

85-97

87-100

2.50

Nueva Ecija

85

85-87

1.00

Laguna

85-90

85-90

0.00

Quezon 

90-96

90-96

0.00

Cavite

88-94

87-93

-1.00

Batangas 

91

90

-1.00

Oriental Mindoro 

75

73

-2.00

Naga

92-94

92-94

0.00

Pampanga

94-98

94-97

-0.50

Rizal

88-92

88-92

0.00

Pangasinan

-

-

-

Ilocos

85

96

11.00

 

VISAYAS AND MINDANAO

 

 

 

PROVINCES

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

Average Farmgate Price
(October 24, in PHP/kg)

Changes
(in PHP/kg)

Cebu 

84-92

84-92

0.00

Bacolod

85-90

85-90

0.00

Iloilo

82-85

82-85

0.00

Dumaguete

80-83

80-83

0.00

Aklan

80-85

80-85

0.00

Cagayan de Oro

85-88

85-88

0.00

General Santos

79-83

79-83

0.00

Koronadal

82-85

78-83

-3.00

Dipolog

90-95

90-95

0.00

Davao

92-98

92-98

0.00

Zamboanga City 

95-98

93-95

-2.50

Ozamis 

92-98

92-98

0.00

Pagadian

85-87

85-88

+0.50

Surigao

92-95

92-95

0.00

Agusan del Sur

90

85-90

0.00

Source: Pork Producers Federation of the Philippines
US$1 = PHP42.65 (October 31, 2011)


 
 
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