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Published July 9, 2021, 1:38 PM Philippines’ pork imports for this year are still seen to go higher at 425,000 metric tons (MT), even despite the already 401 percent surge in pork imports the country recorded from January to April of this year. This is following the release of the Department of Agriculture’s (DA) guidelines that specified how the importation of an additional volume of 200,000 MT of pork under the tariff-rate quota or Minimum Access Volume (MAV) will be implemented. In its latest report, the US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in...

Published May 12, 2021, 3:05 PM Senator Christopher “Bong” Go on Tuesday, May 11, expressed his support for President Duterte’s decision to issue Proclamation No. 1143 which declares a State of Calamity throughout the Philippines for a maximum of one year due to the African Swine Fever (ASF) outbreak. “With the declaration of a State of Calamity, mas madaling makapag-impose ng price ceiling kung kailangan at maiwasan ang overpricing ng pork products (it is easier to impose price ceilings when it is needed to prevent overpricing of pork products). Ang mga government financial instituti...

Press Release May 11, 2021 State of Calamity declared due to African Swine Fever outbreak; Bong Go supports issuance of EO increasing the Minimum Access Volume to help stabilize pork supply and prices Senator Christopher "Bong" Go expressed his support for President Rodrigo Duterte's decision to issue Proclamation No. 1143 which declares a State of Calamity throughout the Philippines for a maximum of one year due to the African Swine Fever outbreak. "With the declaration of a State of Calamity, mas madaling makapag-impose ng price ceiling kung kailangan at maiwasan ang overpricing ng pork pro...

BusinessWorld May 9, 2021 | 6:31 pm VECTORJUICE/FREEPIK The logic is simple. All other things being equal, the price increases as supply of the particular good decreases. Alternatively, all things being equal, the price decreases as supply increases. Similarly, all else being equal, the price of the good increases as demand increases. And the price decreases as demand goes down. That is the law of supply and demand. An old joke goes that a national leader once wanted to repeal the law of supply and demand. The joke exposes ignorance of how markets behave. Yet, our senators do ...

A bill seeking to nullify President Rodrigo Duterte’s order to lift the cap on pork imports has earned the nod of various agricultural groups. Progressive groups expressed their support for House Joint Resolution 137 that aims to immediately withdraw Executive Order 128 and reject the Minimum Access Volume (MAV) increase on pork as the Senate’s Committee of the Whole resumed its inquiry into the current pork supply dilemma. In a joint statement, stakeholders of the local pork industry said that “[EO 128] will bankrupt, beyond recovery, thousands of Filipino hog raisers as government sup...