BusinessWorld
March 11, 2021 | 8:30 pm
HOG RAISERS said plans to expand pork imports may actually result in higher pork prices if supplier countries gain leverage on pricing when the Philippines signals a high degree of dependence on foreign produce.
“We could be giving the wrong signal. From 54,000 (MT), naging 400,000 (MT) kailangan natin… (we indicated demand of over 400,000 MT). We will not be surprised if pork import prices rise from $1.50 per kilo to $2.00-$2.50,” according to the National Federation of Hog Farmers, Inc. President Chester Warren Y. Tan, who was speaking at a joint hearing Thursday of the House Committee on Agriculture and Food and the House Committee on Trade and Industry Thursday.
PH gov t yet to resolve undervaluation of rice imports
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BoC lists acceptable security for duty, tax payments
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RICE TRADERS are expected to depress their offer prices for palay, or unmilled rice, to give themselves a margin of safety should the international price of rice fall, threatening to flood the Philippine market with cheap imports, a farming organization said.
Federation of Free Farmers National Manager Raul Q. Montemayor said the buying price of palay, the form in which farmers sell their crop, could be purchased at “lower than normal prices to play safe” should traders come to believe that “international prices will eventually go down and cheap imports might surge again.”
Currently, Mr. Montemayor said in a mobile phone message, high international rice prices are keeping import volume down.
Rice tariff collections surge to P2 04 billion in January
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