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November 29, 2011
 
Philippine hog weekly: Farmgate hogs prices unhinged on weak purchase (week ended Nov 21, 2011)

an eFeedLink Exclusive
 

Price summary

Prices of Philippine farmgate hogs have been rickety over the week as buying continues to weaken.

While some provinces posted some significant gains such as in Tarlac at PHP4.50 a kilo, other provinces registered price drop, most notably Ilocos wherein prices plummeted to PHP7.50 a kilo.

Traders say purchases remain feeble as prices in the wet market have already skyrocketed to PHP180 a kilo. They also added that meat processors have already bought cheaper meat imports months ago, making prices stagnant.

Producers are hoping that prices would improve once December - where demand is expected to peak - sets in.
 
 
Market Analysis
 
Meanwhile, meat processors declared a possible shortage of pork supplies next month as the government hasn't issued permits for importing pork parts and leg quarters.

The Philippine Association of Meat Processors Incorporated and the Meat Importers and Traders Association said that meat supply will become scarce if manufacturers compete with ordinary consumers in getting local pork which are relatively higher.

The groups warned that a price hike of 5% to 10% in processed meat products will be experienced early next year if imports have not been approved.

The government earlier said there will be no imports until the end of the year upon the request of pork producers who have been battling with cheaper imports for the past two years.

However, with declining production figures, the Department of Agriculture has cautioned poultry and hog producers of another series of importation if they cannot assure of an adequate supply for Christmas.

Despite their assurance, the government has already made a special importation in the beginning of the fourth quarter much to the dismay of hog and poultry farmers but to the delight of meat importers. However, both parties are resolute to find a solution to the situation to avert supply problems next year.
 

Farmgate prices per kilogramme:

LUZON

 

 

 

PROVINCES

Average Farmgate Price
(Nov 14, in PHP/kg)

Average Farmgate Price
(Nov 21, in PHP/kg)

Changes
(in PHP/kg)

Tarlac

84-93

92-94

+4.50

Bulacan

87-94

85-94

-1.00

PSPA

87-101

89-102

+1.50

Nueva Ecija

85-90

85-90

0.00

Laguna

89-94

89-93

-0.50

Quezon 

94-97

94-97

0.00

Cavite

87-94

87-94

0.00

Batangas 

90

90

0.00

Oriental Mindoro 

75

73

-2.00

Naga

88-91

88-91

0.00

Pampanga

90-93

88-92

-0.50

Rizal

88-92

88-94

+1.00

Pangasinan

-

-

-

Ilocos

98-92

85-90

-7.50

 

VISAYAS AND MINDANAO

 

 

 

PROVINCES

Average Farmgate Price
(Nov 14, in PHP/kg)

Average Farmgate Price
(Nov 21, in PHP/kg)

Changes
(in PHP/kg)

Cebu 

85-92

85-92

0.00

Bacolod

85-90

85-90

0.00

Iloilo

82-85

82-85

0.00

Dumaguete

80-85

80-85

0.00

Aklan

82-85

82-85

0.00

Cagayan de Oro

85-86

85-86

0.00

General Santos

79-84

80-85

+1.00

Koronadal

78-82

78-82

0.00

Dipolog

90-93

90-93

0.00

Davao

-

-

-

Zamboanga City 

90-95

90-95

0.00

Ozamis 

90-96

90-96

0.00

Pagadian

81-83

82-84

+1.00

Surigao

92-95

92-95

0.00

Agusan del Sur

85-90

85-90

0.00

Source: Pork Producers Federation of the Philippines
US$1 = PHP43.76 (Nov 29, 2011)

 

 
 
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