Pork prices may rise in Philippines
The NFHFI said the wide gap between the retail price and the price for growers is because the Department of Trade and Industry failed to implement price control over pork retail prices.
The steady drop in backyard hog production in the Philippines, caused by diseases and rising production costs, could cause a spike in pork prices, according to a news report.
The National Federation of Hog Farmers Inc. said the farm gate price of live hogs for backyard growers has risen to around US$1.70-$1.74 (P82-840) per kilo, while the farm gate price for commercial growers is slightly higher at US$1.85-$1.89 (P89-P91) per kilo. Pork prices are pushing $3.52 (P170) per kilo at the retail level.