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Author Topic: Pork, chicken prices expected to go up in July  (Read 412 times)
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« on: May 31, 2008, 06:31:15 AM »

 MANILA, Philippines - Local prices of pork and chicken are expected to increase in the coming months after domestic supplies are depleted, an industry official said on Friday.

In a briefing, an executive of the Cold Chain Association of the Philippines (CCAP) said that swine and poultry products are seen to rise in July and August this year.

Jose Lim, CCAP Vice President, disclosed that imported beef prices have nearly doubled recently. From $2.65 a kilo in January, the commodity has risen to $4.50 a kilo, he said. Lim added that pork has also increased to $2.50 a kilo from only $1.40 and chicken to $1.20 from only $0.80.

Despite high prices, meat imports have soared, reaching some 248.86 million kilos in 2007 from 181.25 million in 2006.

The price surge has forced the CCAP—whose member-companies store and distribute food products across the country—to seek government assistance in developing “a level of self-sufficiency in food inputs that would insulate Philippine industry and the Filipino consumer from the vagaries of world food supply."

Besides ensuring the Philippines’ food security, the initiative would “cut the country’s dependence on imported inputs," CCAP President Anthony S. Dizon said.

“Government and the private sector need to work closely to formulate and implement a livestock development program designed to gradually support the food input requirements of our ever-growing population," Dizon said.

Dizon, who is also a steel industry executive, warned that the Philippines may have very little access to raw material inputs if large volume buyers gain “better sourcing leverage."

“Even assuming that raw materials are still available, prices may already reach levels that would make Philippine-made processed foods unaffordable to the market sector it currently serves," Dizon said.

CCAP, which has about 20 members and represents about 80 percent of the Philippines’ total storage capacity, said the cold chain industry also needs P6 billion in investments to ensure the food safety, food security, and food quality. The group also can store an estimated 1 million kilos of food in its facilities.


Dizon also said high power costs have plagued the industry, comprising 40 percent of their operating expenses.

The CCAP will also be holding a conference in Cebu City on June 12 and 23 to hold a dialogue among members and industry partners, including the government. - Cheryl M. Arcibal, GMANews.TV
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