Connect with us

Hi, what are you looking for?


Meat imports up by 44.3% in H1

MEAT IMPORTS in the first half rose 44.3% year on year to 581,827.61 metric tons (MT) led by pork, buffalo, beef, and turkeys, the Bureau of Animal Industry (BAI) said.

The BAI said pork imports for the period rose 175.8% year on year to 277,850.59 MT.

Buffalo imports increased 102.9% year on year to 27,279.1 MT, while turkey imports rose 25% to 844.03 MT.

Beef imports rose 0.7% to 83,347.06 MT.

Chicken imports fell 6% to 192,132 MT.

Imports of mechanically deboned meat (MDM) of chicken accounted for 52.2% or 100,253.78 MT of total chicken imports.  

MDM is used by processors in products likes hotdogs and chicken nuggets.

Chicken MDM imports fell 21.5% year on year compared to 127,714.8 MT in 2020, despite taking up more than half of total chicken imports.

Lamb imports fell 75.6% to 319.44 MT while duck imports dropped 35.6% to 55.39 MT.

Meat Importers and Traders Association President Jesus C. Cham said by mobile phone that higher pork imports reflect anticipation of growing consumer demand.  

“On the other hand, strong buffalo and turkey import indicate the processors (are) searching for alternatives to chicken MDM,” Mr. Cham said.

Mr. Cham said the slow reopening of the economy is still taking a toll on importers.

“This is due to a steady, albeit delayed, influx of products, whereas consumers apparently are not spending as much. Especially now we have entered the third quarter — the traditional low season. Further, restaurants are a mixed bag as there are cautious re-openings together with permanent closures,” Mr. Cham said.  

The government is relying on lower tariffs to boost import volumes, particularly pork, in order to augment supply after the hog inventory was depleted by the African Swine Fever outbreak.

Recently, the Bureau of Customs estimated the foregone revenue from lower tariffs at P1.356 billion on imports between April 9 and June 11.

Executive Order (EO) No. 134, signed by President Rodrigo R. Duterte on May 15, lowered the tariffs on pork imports for one year.  

EO 134 cut tariffs on pork imports within the minimum access volume (MAV) quota to 10% in the first three months and up to 15% in the following nine months.

Meanwhile, tariff rates for pork imports outside the MAV quota were lowered to 20% and 25% during the first three months and subsequent nine months, respectively.  

After one year, MAV pork imports will be charged 30% while out-of-quota pork imports will pay 40%.

Mr. Duterte also signed EO 133 which increased the MAV quota for pork imports to 254,210 MT from 54,210 MT.

MAV is a commitment by a government to import certain volumes of agricultural commodities at a favorable tariff, and is adopted by participants in the World Trade Organization system. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Headline inflation stood at 4% in July, the government reported on Thursday. — PHILIPPINE STAR/ MICHAEL VARCAS PHILIPPINE INFLATION eased to a seven-month low...


ALL COMPANIES included in the Philippine Stock Exchange (PSE) indices will be required to raise their public float level to 20% by December 2022,...


THE PHILIPPINES should focus on diversifying its economy to produce high-quality jobs and more competitive products, according to the United Nations in the Philippines....


SAN Miguel Corp. (SMC) returned to profitability to finish the first half with a net income of P29.57 billion, reversing last year’s P3.99-billion loss,...


AYALA-LED AC Energy Corp. reported an attributable net income of P1.42 billion in the second quarter, down by 28% from P1.97 billion year on...


PLDT, Inc. saw its attributable net income for the second quarter grow 10.9% to P7.1 billion, as high demand for data and broadband continued....

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...


US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...


THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!