THE country’s meat imports rose by 11.3 percent in the first four months this year as traders are building up stocks ahead of the projected increase in global prices.
Data from the Bureau of Animal Industry (BAI) showed the volume of imported meat totaled 396.38 million kilograms as of the end of April, rising from 356.01 million kilograms in the same period a year ago.
“Importers are likely positioning in anticipation of higher prices abroad, a weaker peso, as well as lower hog production due to El Niño,” Meat Importers and Traders Association (MITA) president emeritus Jesus Cham said in a message to reporters.
The influx of meat imports has been on an uptrend since February this year, with the highest monthly volume of 122.74 million kilograms recorded in April.
Of which, imported pork reached 193.14 million kilograms, climbing by almost 18 percent. These are mostly made up of offals and pork cuts.
Uptrend since February
Cham noted that offal volume decreased which could indicate a “greater attractiveness” of pork meat at the current import duty rate.
“As these arrivals were contracted more than three months ago, the impact of the suspension of the pork quota most likely has not been felt. We will see in the next few months how it will affect imports,” he said.
Chicken imports came second with 134.46 million kilograms, an increase of 2.4 percent, mostly of mechanically deboned meat or mechanically separated chicken.
Imported beef accounted for 51.52 million kilograms in meat imports, an increment of 21.89 percent, the majority of which are beef cuts.
“Perhaps the high retail price of pork is pushing consumers toward mid-range beef,” Cham said. (Jordeene B. Lagare © Philippine Daily Inquirer)
