Philippines reduces tariffs for corn and coal, extends reduced tariffs for pork and rice

This program ensures access and affordability to essential commodities while balancing the interests of consumers and local producers.

Reduced pork import duties have been extended to address supply issues and temper inflation.

The increase in imports is due in part to a 4% decrease in production.

The province of Batangas was selected as a pilot area in the implementation of the program.

The project will contribute an additional supply of swine that can help stabilize the prices of pork in the market.

So far this year, the Philippines has imported 545,214 tonnes of pork and pork products.

Exports of pork from the UK to the Philippines reached almost £17 million in the first four months of 2022 – up 14% on the same period last year.

Spain, Canada, and Brazil were the leading pork suppliers in the first four months of the year.

A comprehensive set of measures are now being implemented to ease the impact of the current Russia-Ukraine crisis on the Philippine economy.

Paddy rice and corn production both hit record level productions in 2021.

The Department of Agriculture remains optimistic that the hog industry will gain momentum this year, and recover from its losses due to ASF.