Philippine pork prices expected to continue to rise
Demand expected to outpace production
2 September 2024
1 minute read
By: The USDA Foreign Agricultural Service post in Manila forecasts pork prices to continue to increase in 2025 as stronger demand will outpace only a slight rebound in domestic production, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
Recent pork kasim (shoulder) and liempo (belly) prices in the Metro Manila market are nearly 18 and 10 percent higher, respectively, than the same week in 2023,indicating that market is not oversupplied. Farm gate prices are also up compared to the same period in 2023.
Export prices of major pork exporters, with the exception of Brazil, are also elevated in 2024. However, imported pork remains cheaper compared to domestically produced, despite higher export prices from major exporters.
