Chicken supply sufficient;
Pork supply shortage expected in Q4 2023
Pork supply shortage expected in Q4 2023
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NewsTranscript
00:00 The Department of Agriculture assures the supply of poultry or chicken meat is sufficient until next year
00:05 but the shortage in pork supply is likely to be expected this coming holiday season.
00:10 Because of this, the agency is mulling to impose a suggested retail price on pork.
00:15 Clazel Pardilla supplies the details in this story.
00:19 Ferdy bought a kilo of pork.
00:24 He grilled and served it to his family for the entire day.
00:28 We can't choose our family. We can't find a family.
00:31 We'll just preserve it properly because we don't want to waste money.
00:34 According to the Department of Agriculture, prices of pork in major markets in Metro Manila
00:40 could reach as high as 400 pesos a kilo.
00:43 Poultry meat, on the other hand, are sold at 165 to 220 pesos a kilo.
00:51 I cut it into small pieces.
00:53 Why?
00:55 So it can be used for work.
00:57 You know the demand for pork is high during Christmas.
01:00 It's normal for the demand to increase when there's an occasion.
01:03 As long as there's an occasion, the market is already in a state of crisis.
01:08 According to the DA, there's an ample supply of poultry or chicken meat that could last up to 120 days at the end of December.
01:18 However, there's a 10-day deficit on the supply of pork in the last quarter of 2023 or amid the holiday season.
01:26 The DA explained, spreading of the Africans' wine fever remains a problem of the local hog industry.
01:33 We're short of pork. We can have a negative 10 days.
01:40 There might be a need to import during the last quarter, where the demand is really high.
01:47 Our import will keep the balance in the needs of our country.
01:54 We need to ensure that pork is still affordable.
02:00 The Meat Importers and Traders Association projected orders of imported pork in September will arrive in the remaining months of the year, however...
02:10 We don't expect to receive orders in October or later this year.
02:15 Especially if the holiday season arrives in the second half of December, the supply of pork will be reduced and the cost will increase.
02:25 Some agri-groups and local producers believe there's a sufficient supply of pork in the country.
02:32 The farm gain is low.
02:33 The farmers and traders are not buying because there's a large volume in the market.
02:40 If there's a shortage, we would expect a high farm gain price and a large supply.
02:49 The DA is looking for a way to resolve the gap between farm gain and retail.
02:55 The DA is studying if there is a need to impose a suggested retail price on agricultural products like pork come holiday season.
03:04 The DA pointed to the farm gain price of pork ranging from as low as P170 to as high as P200.
03:13 Traders and retailers' profit margin should only reach P100 for each kilo.
03:19 We will look at this after the rice.
03:22 Where is the problem? Why is the price too high when it comes to the market?
03:27 If there are abuses, we will look at it later. We are looking for manipulation.
03:36 Khalees Alpardelia for the nation.