Inflation-busting bid swells meat imports to 1.4B kilos | Jasper Y. Arcalas

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Inflation-busting bid swells meat imports to 1.4B kilos | Jasper Y. Arcalas
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The Philippines imported a record volume of 1.356 billion kilograms of meat products last year as the government resorted to foreign supplies to temper price increases of the commodity amid domestic production and supply concerns.

THE Philippines imported a record volume of 1.356 billion kilograms of meat products last year as the government resorted to foreign supplies to temper price increases of the commodity amid domestic production and supply concerns.

BAI data indicated that the increase in overall meat imports was driven by the 28.06-percent growth in pork imports last year that reached 710.362 million kilograms. Industry stakeholders and experts had earlier explained that the government’s decision to reduce tariffs on pork products would lead to higher import volume as domestic hog production is just starting its recovery phase from African swine fever .

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