D.A. push efforts to increase the supply of pork and make prices affordable; D.A. to increase areas for ASF vax rollout; D.A. cites gains amid 2024 challenges; PCIC to indemnify over 10-K insured farmers suffered from TY "Julian"

  • 2 hours ago
D.A. push efforts to increase the supply of pork and make prices affordable; D.A. to increase areas for ASF vax rollout; D.A. cites gains amid 2024 challenges; PCIC to indemnify over 10-K insured farmers suffered from TY "Julian"

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Transcript
00:00The Department of Agriculture advised meat vendors to never use the holiday season
00:04as a way to increase the prices of pork. Meanwhile, the Philippine Crop Insurance Corporation will
00:10indemnify over 10,000 insured farmers who suffered from Typhoon Julian.
00:17These and more stories in tonight's Business News Wrap-Up by Kate Reina.
00:24The Department of Agriculture calls on meat sellers to avoid excessive hike on
00:29the prices of pork as the holiday season approaches. The DA is working hard to increase
00:34the supply of pork and make prices more affordable by giving out breeding pigs through the INSPIRE
00:39program. The DA will also expand the areas for vaccination against African Swine Fever or ASF.
00:46This October, the agency eyes to inoculate 490,000 hogs under the repopulation program.
00:53Secretary Francisco Chu Laurel Jr. said 2024 is critical to the Department of Agriculture,
01:00which faced many challenges but helped reduce inflation to 1.9 percent by stabilizing food
01:06prices. The sector had a record rice harvest and over 500,000 jobs generated in 2023.
01:13Secretary Chu Laurel highlighted efforts against smuggling and animal diseases and stressed the
01:19need for adaptation to challenges, emphasizing food security and support for farmers.
01:25The Philippine Crop Insurance Corporation estimated an indemnity of P93.8 million
01:31pesos to support more than 10,000 Typhoon Julian-affected farmers in three regions.
01:36Damage in Region 1 was estimated around P62.3 million pesos. Agriculture Secretary Chu Laurel
01:43stressed the need for quick payments to help farmers recover and build trust in the PCIC,
01:49which is working to expedite claims processing. Kate Reina from the National TV for a new and
01:55better Philippines.

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