Philippines: Government investigates why pork prices are high if supply is up
The Philippine Department of Agriculture is looking into the reasons for a rising pork price despite an increased frozen pork supply.
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The Philippine Department of Agriculture is looking into the reasons for a rising pork price despite an increased frozen pork supply.
The live pig census has been restored to 84% compared to 2017 levels, and pork prices are falling.
Lots of things brewing out there with both supply and demand. Rarely do we get such action at the same time on both sides of the price determination.
Pig production continues to recover. In September pork prices fell slightly. Corn and wheat prices are up, soybean prices are down.
Year-on-year, the index is down 9.5 points (9.4 percent) from its value in the corresponding month last year.
In less than 48 hours German exports halted, so every week about 9,000 extra tonnes of pork need to be sold within the EU.
This is another important turning point for the recovery of live pig production capacity following the year-on-year growth in the breeding sow census in June.
The mid-year meat price index is down 9% year-on-year and price quotations for pig meat fell in July.
Spanish slaughterhouses are demonstrating extraordinary resilience. Pig prices in Spain are grossly higher than in any of the competing European countries.
With census repopulation and pork consumption resuming post-pandemic, the Ministry of Agriculture predicts the pork supply will continue to improve.
ROSPORC is a digital marketplace that will allow the formation of reference values for each type of operation.
Although the price of pork in Germany remains frozen, in Spain it continues to rise and is already three times higher than the United States...