April 11, 2022
 

Philippines implements measures to stabilise pork supply in light of war in Ukraine

A comprehensive set of measures were being implemented to ease the impact of the war in Ukraine on the Philippines' economy.

Since neither Russia nor Ukraine is a major trading partner of the Philippines, the country is not expected to be directly impacted. However, to reduce the impact of secondary effects on energy and food prices, the Economic Development Cluster (EDC) of the Philippine cabinet recommended taking appropriate measures.

These measures also cover pork, entailing:

    - Expanding supply and reducing prices of pork by extending the lower tariff of 15% in quota and 25% out quota with minimum access volume (MAV) of 200,000 tonnes (MT) until December 2022;

    - Accelerating release of imported pork from cold storage;

    - Removing all non-tariff barriers for pork.

Concerning raw materials, measures include:

    - Increasing supply and reducing price of corn by lowering the MFN tariff to 5% in quota and 15% out quota with MAV of four million tonnes until December 2022;

    - Importing more feed wheat and producing more cassava as feeds substitute;

- Expanding sources of wheat.

- Philippine News Agency