By Rose de la Cruz Because of the slow rollout of vaccines against African Swine Fever, which led to the massive culling of hogs and the shrinking market of feeds of the feedmillers, the industry stakeholders are warning of possible skyrocketing pork prices this coming Christmas season, when demand normally peaks. The blame is being put on the slow clinical …
Read More »Agriculture
2024 palay output creeps slightly more than 2023
By Rose de la Cruz The actual palay production in 2023 was 20 million metric tons (MMT), considered a record compared to previous decades, but the production for 2024 would only be 20.1 MMT based on the downgraded forecast of the Department of Agriculture (from the original projection of 20.4 MMT) because of El Nino and subsequent losses from the …
Read More »Speaker Romualdez warns agricultural cartels
By Rose de la Cruz Speaker Ferdinand Martin Romualdez has issued a stern warning against price manipulators and cartels engaged in large scale agricultural smuggling of stiff jail terms. On Friday, Romualdez warned agricultural cartels, vowing that those involved in price manipulation and the smuggling of essential goods — acts considered economic sabotage (which could qualify as heinous crime as …
Read More »PBGEA urges Senate to ratify FTA with South Korea
AFRAID of losing the South Korean market, the Pilipino Banana Growers and Exporters Association Inc. (PBGEA Inc.) is urging the Senate to ratify the Free Trade Agreement (FTA) with SoKor. The FTA removes tariffs on bananas to boost exports and to compensate for losses caused by the Panama disease that has been dampening production. “If we are not able to …
Read More »Sen. Villar wants more suppliers of ASF vaccines
Senator Cynthia Villar lashed out on the limited supplier of vaccines against the African Swine Fever (ASF), which led to the slow inoculation of hogs and caused huge losses for the industry and skyrocketing pork retail prices. Sen. Villar, who heads the Senate Committee on Agriculture and Food, also urged President Marcos to declare a state of national calamity of …
Read More »Philippines is one of top 10 global aquaculture growers: FAO report
The Philippines is one of the top 10 countries in the world that accounted for a chunk of the global aquaculture production in 2022, according to a new report from the Food and Agriculture Organization of the United Nations (FAO). In the 2024 edition of The State of World Fisheries and Aquaculture (Sofia), FAO said global fisheries and aquaculture production …
Read More »Pork prices have risen past P400/kg
By Rose de la Cruz Unbelievable but true. In my recent visit to a huge grocery in Quezon City, I was surprised, even shocked, to see that pork prices have risen beyond P400 per kilogram, depending on choice cuts, some even reaching past P550. Even the usual panggisa (saute) item giniling na baboy fetched beyond P380 or P400– depending on …
Read More »Cost of living crisis traced to high prices, low wages
The unstoppable rise in commodity prices and the failure of wages to keep up with household’s needs have resulted in a “cost of living crisis” in the region, according to the United Nations Economic and Social Commission for Asia and the Pacific (Unescap) in a recent blog. But then again, such cost of living crisis is not unique to the …
Read More »P8.42-M worth of smuggled oranges seized
Joint elements of the Department of Agriculture and the Bureau of Customs seized 3,200 cartons of fresh oranges worth P8.422 million, which the Bureau of Plant Industry said did lacked sanitary and phytosanitary (SPS) import permits to ensure the safety of consumers and the country’s agriculture sector from pest and diseases. The BoC seized at the Manila International Container Port …
Read More »Phl slides from top fruits exporter to top importer
A few decades ago, the Philippines was a top exporter of sugar, pineapple, rice (yes, rice), bananas, mangoes, logs, coffee. cacao, fiber and textiles and garments and even steel bars. But now, yes, we still are the leader in importing these same items from the world, esp. from our neighbors in Asia. Sad how our complete embrace of the global …
Read More »
The Market Monitor Minding the Nation's Business