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NewsTranscript
00:00The supply is enough, but the price of pork continues to rise.
00:04The price of lechon is expected to rise to more than Php 1,000.
00:09Mark Salazar has the first news.
00:15The price of chicken and pork in the market is soaring
00:18because of the combined local and imported supply,
00:21according to the Bureau of Animal Industry.
00:24But why is the price still not going down in the market?
00:28For example, the price of chicken is usually Php 220 to Php 230 per kilo
00:33in Metro Manila,
00:35while it is not even Php 100 per kilo in Bulacan.
00:39The local production is too much in demand,
00:42and the importation is also too much.
00:44The supply is too much.
00:45The only challenge is that the price of meat is not always felt in the retail market
00:51below the farm gate.
00:53That is what needs to be improved.
00:57Since 2000, the volume of our imports has been increasing,
01:00but the price is also increasing.
01:02Because the importers also want to earn a lot.
01:05Travelers and traders are being taught
01:08that the retail price is going to rise from the farm gate.
01:13It is expected that if cheaper imported meat enters,
01:17the retail price in the market will go down.
01:19But according to the Bureau of Animal Industry,
01:2475 percent of our demand for chicken still comes from local production.
01:29That is why the local industry should really take care of it.
01:33But they say that the price of chicken is still too much.
01:37The price of chicken now is Php 58 per kilo.
01:39Before, it was only Php 22 per kilo.
01:41That is 26 percent of our production cost.
01:43That is why the price is too much.
01:45Our computation is around Php 100 to Php 150 per kilo.
01:49The Department of Agriculture said that they are already doing something
01:53to help with the expenses of chickens, especially in feeds.
01:57We will look at how we can produce raw materials locally.
02:02And we will minimize the dependence on importation.
02:07So that if people buy from here, they will benefit.
02:10If people buy from here, it will be cheaper.
02:12It will add to the quality.
02:14There is also no limit to the supply of pork
02:16even until Christmas, despite the African Swine Fever.
02:20According to the monitoring of the Agricultural Industry or SINAG,
02:251,000,000 metric tons are available from local production.
02:29And almost half a million kilos of imported pork will arrive.
02:33In Laloma, it is expected that 1,000 to 1,500 will be able to buy a whole lechon.
02:40It is not expensive.
02:41As long as you sell quality.
02:44People will eat it. People will buy it.
02:47It is cheaper.
02:50But even though the price of lechon is increasing,
02:53those who can afford it will not stop preparing lechon for Christmas and New Year.
02:59This is 10,000.
03:01It will be 12,000.
03:02It will be more than 12,000.
03:03It will be 7,000.
03:04It will be 8,500.
03:06It will be 6,000.
03:08It will be 31,000.
03:10It will be 600.
03:12It will be 31,000.
03:14It will be 20,000.
03:1620,000?
03:18Yes, 20,000.
03:21This is the first news.
03:23Mark Salazar for GMA Integrated News.
03:44Global Dialogues
03:45Global Dialogues
03:47Global Dialogues
03:49Global Dialogues