Philippines - Bringing down meat prices

14 Jun 2010

  Wholesale and retail pork producers and meat processors have agreed to cut prices after industry members established a “reference price" for their products.
 
Ranging from P140 to P150 for choice cuts such as pigue, kasim, and liempo, the agreed-upon prices were reached by more than 30 major players in the hog industry, a statement said.
The consensus was reached after industry members met with Agriculture Secretary Arthur Yap and other officials at the Department of Agriculture central office in Quezon City on Monday.
 
Market data discussed during the dialogue showed that while the farmgate price had gone down to P82.25 per kilo, the retail cost now average P140 a kilo for all cuts, with the price of liempo and other prime cuts reaching P145 to P170 in Metro Manila markets.
 
“Our purpose was to find a common ground among all industry players in order to come up with a fair reference price that will be beneficial for producers and traders, on one hand, and consumers, on the other," Yap said. “Pulling down the retail cost of pork items will benefit not only consumers. producers and traders will also benefit because lower market prices will boost consumer demand and thereby mean greater profits for them."
Among the industry players present during the meeting were officials of the National Federation of Hog Farmers Inc. (NFHFI), the Philippine Association of Hog Raisers Inc. (PAHRI), the Meat Handler and Dealer Association of the Philippines (MHDAP), and the Meat Importers and Traders Association (MITA).
 
Other groups attending the meeting included the Philippine Association of Meat Processor Inc. (PAMPI), Gemsun Marketing, Sorosoro Ibaba Development Corporation, and the Multi-Purpose Cooperative Marketing Association (Limcoma).
 
Prior to Monday’s dialogue, DA officials have already been meeting with hog industry leaders to discuss their concerns over certain issues saddling the livestock subsector, notably the big spread between the farmgate and retail prices of pork cuts.
 
DA officials have also denied reports of a government ban on meat imports to the Philippines. - GMANews.TV
 
gmanews.tv
 

Source: newsroom - meattradenewsdaily.co.uk

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