Philippines: Livestock and Poultry Update
Link to report:
Post expects a larger drop in pork production of 20 percent in 2020 as African Swine Fever remains a major concern in Luzon and parts of Mindanao. Chicken production is also likely to decline by 15 percent this year, reversing the initially bullish outlook. Demand for beef, pork, and chicken remains weak due to limited operations of the food service sector and other COVID19 quarantine restrictions. Although shipments of chicken leg quarters and pork have slowed significantly, imports of mechanically deboned chicken meat remain strong due to the growing demand for processed meat products during the pandemic. Farm gate prices of meat and poultry continue to increase, but retail prices have remained relatively stable as a result of the Philippine Price Act. Beef and pork imports are forecast up in 2021, while chicken imports are expected to maintain their current level, as demand recovers and quarantine restrictions are loosened.
