Inquirer
Lower tariff for pork imports eyed to cut prices
The Department of Agriculture (DA) is considering a lower import tariff system for pork, involving the Food Terminal Inc. (FTI) and Planters Product Inc. (PPI), to help stabilize and reduce rising pork prices.
This plan aims to make pork meat more affordable by utilizing the Minimum Access Volume (MAV) import system, which allows commodities to enter the country at a lower tariff rate of 15 percent for pork.
Out of the 55,000 metric tons (MT) allocated for pork MAV, 30,000 MT will be designated for meat processors.
An additional 15,000 MT will be allocated to the DA through FTI and PPI, enabling direct intervention in the market to control prices.
The remaining 10,000 MT will be distributed equally among eligible traders.
Agriculture Secretary Francisco Tiu Laurel Jr. emphasized that these proposals are still under consideration and have not yet been finalized.
He also clarified that the release of the pork MAV is not delayed and is expected within the first quarter, with final allocations planned for distribution before the end of February.
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The Department of Agriculture (DA) is considering allocating the majority of the 55,000 metric tons (MT) of pork under the minimum access volume (MAV) quota to meat processors to help stabilize market prices.
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The British Chamber of Commerce Philippines (BCCP), along with importers and trader groups, is urging the government to expedite the release of Minimum Access Volume (MAV) allocations to importers to prevent trade disruptions and rising food inflation.
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The Department of Agriculture (DA) will not impose a maximum suggested retail price (MSRP) for pork for the next two weeks, allowing for further consultations with industry stakeholders.
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The Department of Agriculture (DA) is considering implementing a "Pork-For-All" program, similar to "Rice-For-All," to combat high pork prices.
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