Source:  FARM POLICY NEWS, UNIV. OF ILLINOIS, 4/11/21


Last week, Reuters News reported that, “Philippine President Rodrigo Duterte on Wednesday reduced pork import tariffs as the government seeks to address a domestic shortage by ramping up purchases from abroad. “The Southeast Asian country, the world’s seventh-biggest pork importer before local demand fell due to the pandemic, plans to import roughly 400,000 tonnes of pork this year, more than double the 162,000 tonnes planned earlier. The pork shortfall, due to African Swine Fever [ASF] outbreaks, has pushed local meat prices higher, causing inflation to shoot up and stay above the central bank’s full-year target band of 2% to 4% in the first quarter.

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