Philippine Government Offers Huge Opportunity for Pork Producers

DES MOINES, IA – To combat rising pork prices and stabilize supplies, the Philippine government has announced a plan to provide more market access for pork imports. According to the National Pork Producers Council (NPPC), the Philippines has been battling African swine fever (ASF) for the past two years, and as a result, domestic production has declined, supplies have tightened, and pork prices have spiked. So for the next 90 days (beginning April 7, 2020), tariffs for imported pork under the increased minimum access volume (MAV) of 404,210 metric tons (MT) will be reduced from 30 percent to 5 percent for the next three months, and then 10 percent thereafter. Tariffs for imported pork above the MAV will be reduced from 40 percent to 15 percent for the next three months, and then increase to 20 percent thereafter. The reductions will be in effect for one year.
(SOURCE: All Ag News)