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Philippines: Tight supply pushing up pork prices

Supply of pork is tight due to the continuing decline in the number of backyard farmers over the past few years. This has resulted in the significantly higher suggested retail price of the commodity in the local market.

27 April 2017
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At the current farm gate price, retail price should only be P195 per kilo, but it is now reaching as high as P210 per kilo. The difference at the farm gate price of live weight hog to retail price of pork should only be P60 per kilo. This should cover transport, handling, storage, marketing and profit margins, but instead it is now reaching P80 to P90 per kilo.

Backyard hog raisers comprise 64 percent of the hog industry, while commercial hog producers only account for 36 percent.

Tuesday April 18, 2017/ Philstar/ Philippines.
http://www.philstar.com

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