February 5, 2025

 

Philippine pork prices may drop in coming weeks

 

 

Pork prices in the Philippines are expected to decline in the next four weeks amid the spike in retail costs, according to pork producers, PhilStar reported on January 31.

 

Retail prices of pork have reached as high as ₱460 (US$7.92) per kilo.

 

Holiday demand for pork went higher last year compared to 2023, Pork Producers Federation of the Philippines president Rolando Tambago said in an interview.

 

Lunar New Year festivities contributed to the demand, he noted.

 

Pork retail prices usually decline in March during Holy Week, he said.

 

The farmgate price of pork remains low at ₱220 (US$3.78) to ₱225 (US$3.87) per kilo, Tambago added.

 

The Department of Agriculture (DA), he said, should implement a maximum suggested retail price (SRP) on imported pork.

 

Tambago expressed doubt the government will penalise traders who violate the maximum SRP.

 

Seventy percent of the Philippines' pork consumption came from imports, but the tariff cut did not bring down pork retail prices, farmers' group Samahang Industriya ng Agrikultura executive director Jayson Cainglet said earlier.

- PhilStar