November 18, 2008
Philippine pork prices to increase despite sufficient supply
Pork prices are likely to increase during the holiday seasons despite sufficient supply of the meat, said the Department of Agriculture (DA).
A high pork demand will lead to the price increase, which is a normal trend that consumers can feel up to the first quarter of 2009, said DA regional executive director Larry Nacionales.
The DA has completed its piglet restocking project last month, where farmers were given piglets for growing just in case a supply shortage occurs, said Nacionales.
Live production of swine in Western Visayas is large but processed meats are supplied from outside the region, he said.
Nacionales said they have no problems with supplies of pork products as there is an inter-regional marketing channel to access the products in other regions in case of shortage, and vice versa.