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December 21, 2011
 
Philippine hog weekly: Christmas rush perks up farmgate hog prices (week ended Dec 12, 2011)

An eFeedLink Exclusive
 

Price summary

Prices of Philippine farmgate hogs surge over the week as purchases for the Christmas holidays are precipitating.

Pork is among the main fare on the local holiday menu and it is expected that the sale for fresh and processed pork would speed up few days before Christmas.

Except for Nueva Ecija, which registered a significant PHP4 price drop for farmgate hogs, all provinces registered increases if not steady prices.

Traders believe that prices would jack up further a few days before the actual Christmas date which falls on December 25.
 

Market Analysis

Despite huge headaches that pork producers experienced this year, they are still hopeful for a better performance in 2012.

Dr Michael Pasco of Cargill Philippines said that production may improve albeit slightly as local population continues to increase. However, he said that pork market may already be considered as "specialty meat" since its prices in the market have hovered to PHP180 to PHP200 a kilo, higher than the usual PHP150 a kilo.

Nevertheless, Dr Pasco believes that pork producers can still recoup their losses due to looming exports in South Korea and Malaysia by the first quarter of 2012. He says the country can also supply to China due to China-Asean Free Trade Agreement (CAFTA). The industry can expect better business opportunities once CAFTA and the AFTA are in full force, he added.
 

Farmgate prices per kilogramme:

LUZON

 

 

 

PROVINCES

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

Average Farmgate Price
(Dec 12, in PHP/kg)

Changes
(in PHP/kg)

Tarlac

91-94

92-94

+0.50

Bulacan

86-96

86-96

0.00

PSPA

90-102

91-102

+0.50

Nueva Ecija

89-94

85-90

-4.00

Laguna

90-96

90-96

0.00

Quezon 

94-97

96-100

+2.50

Cavite

87-94

87-95

0.50

Batangas 

92-93

92-93

0.00

Oriental Mindoro 

73

75

+2.00

Naga

88-91

88-91

0.00

Pampanga

88-92

90-93

+1.50

Rizal

-

90-95

-

Pangasinan

-

-

-

Ilocos

85-90

85-90

0.00

 

VISAYAS AND MINDANAO

 

 

 

PROVINCES

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

Average Farmgate Price
(Dec 12, in PHP/kg)

Changes
(in PHP/kg)

Cebu 

87-92

86-93

0.00

Bacolod

85-90

85-90

0.00

Iloilo

80-84

80-84

0.00

Dumaguete

80-85

80-85

0.00

Aklan

83-86

83-86

0.00

Cagayan de Oro

-

-

-

General Santos

82-86

86-89

+3.50

Koronadal

80-84

82-86

+2.00

Dipolog

90-93

90-93

0.00

Davao

-

-

-

Zamboanga City 

90-93

93-95

+2.50

Ozamis 

90-96

90-96

0.00

Pagadian

82-84

82-84

0.00

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 = PHP43.84 (Dec 21, 2011)

 


 
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