Info Resource

DA says opportunistic traders behind chicken, pork price spike
10:41:55 AM | Monday, June 23rd, 2014

The Department of Agriculture (DA) said today (June 20) traders triggered the “price rise” bandwagon which caused the prices of chicken and pork in the markets to rise. Agriculture Undersecretary for Livestock Operations Jose Reaño said “traders and retailers with opportunistic attitudes are taking advantage of the spiraling price of other commodities.”

The Undersecretary said he does not see another reason for the prices of chicken and pork to rise, since both supply, and farmgate prices for chicken and pork, have been relatively stable.

During the last three weeks, chicken’s farmgate prices range from P92 to P97 while pork was pegged at P115 to P129. As of this week, price of live pork is reduced by P1.00 (one peso) in Mindanao.

In some areas, “ there’s almost a 100 percent jump in prices from the farm to the market. There seems to be large profit margin in marketing.”

As of June 19, pork belly’s price in markets monitored by DA- Agribusiness and Marketing Assistance Service (AMAS) was at P180-P220 per kilo. Lean meat was sold at P180-P200 while fully dressed chicken was sold at P125-P150. Despite the surge in the prices of chicken and pork in our country, ours is still the lowest in the Asean, so importation is not recommended, he added. Besides, the DA has clamped down on importations to benefit our farmers, he continued.

“Naghigpit ang DA para kumita naman ang ating mga farmers. Hog and chicken farmers are now earning,” he said.

The Philippines importation of pork has gone down, with pork belly imports experiencing a -93.5 percent growth. Pork cuts importation, on the other hand, went down by 32.34 percent. According to Reaño, historically, the prices of chicken and pork tend to rise when classes open and start to stabilize after a few weeks. (DA-OSEC)

Reference: Undersecretary Jose Reaño Contact No.: 02-4414529

Source: Department of Agriculture http://www.da.gov.ph

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