December 7, 2021 | 00h00
MANILA, Philippines – The country’s frozen pork stocks declined slightly in the last week of November, but remained more than double the level of the previous year, thanks to pork imports, according to data from the National Meat Inspection Service (NMIS).
The latest figures from NMIS showed the stock of frozen pork in accredited cold stores stood at 75,024.9 metric tonnes as of November 29, slightly lower than the 76,953.3 MT of the previous week.
The figure, however, is 106 percent higher than the 36,375.7 tonnes of frozen pork during the same period last year.
Imported frozen pork made up the bulk of the inventory at 73,418.39 MT.
In contrast, the local frozen pork only had a share of 1,606.52 MT in the inventory.
The National Capital Region held the largest share of imported frozen pork with 26,726.38 MT, followed by Calabarzon with 20,189.29 MT.
The region also accounted for the largest share of local pork in the frozen pork inventory at 661.27 MT.
The Luzon center also held a significant share of imported frozen pork at 18,346.95 MT.
The latest data from the Bureau of Animal Industry (BAI) showed that pork imports reached 483,422 MT from January to October of this year, up 135 percent from 205,535 MT the previous year.
The figure is also 89% higher than the 256,017 tonnes of pork imported for 2020 as a whole.
As part of the government’s efforts to lower prices and stabilize the country’s pork supply, President Duterte issued Decree 133, which increased the Minimum Access Volume (MAV) for pork to 254,210 MT for 2021.
Duterte also signed EO 134, which provides for quota pork imports or those falling under the MAV to be imposed a 10 percent tariff for three months and increase to 15 percent in the remaining months, lower than the initial rate. by 30 percent.
Imports of out-of-quota pork are subject to a 20 percent tariff for the first three months, which will rise to 25 percent in the remaining months, lower than the initial tariff of 40 percent.
Agriculture Secretary William Dar said earlier that the Agriculture Ministry would ensure that the supply of imported pork into the country is sold in markets instead of being stored in warehouses to ensure the availability of pork as the Christmas season approaches.
“We will ensure that the supply, both local and imported, is there and available,” Dar said.
Dar added that his department would continue to monitor pork prices, saying the implementation of a suggested retail price for pork is also under consideration in case pork prices continue to rise.
DA market monitors showed the going retail price of pork ham or kasim was 330 pesos per kilogram in Metro Manila markets on December 3, higher than the previous month’s prices. .
Comparative data from DA showed the going price of kasim was P320 per kilo on November 3 while pork belly or liempo was at P360 per kilo on Wednesday, slightly higher than the price of P350 on November 3. kilo a month ago.