Philippines: Livestock and Poultry Annual 2023

FAS Manila forecasts beef imports to remain flat at 200,000 MT Carcass Weight Equivalent (CWE) in 2024 because of low demand for imported beef. Beef production is expected to increase slightly to 190,000 MT CWE because some pig and small ruminant farmers are shifting to cattle. FAS Manila forecasts 2024 pork imports lower at 500,000 MT CWE because of tight global supply. There will be a slight rebound in pork production to 970,000 MT CWE because of repopulation efforts in the commercial swine sector. FAS Manila forecasts increased chicken production to 1.525 million MT Ready to Cook (RTC) in 2024 because integrators are expanding production. Chicken imports are forecast to increase to 500,000 MT RTC because of strong demand for cheaper protein.