Philippines: Chicken and Pork Quarterly Update

Due to low farm gate prices in the second quarter of 2020 as a result of the challenges of COVID-19, Post has lowered chicken meat production to three percent growth over the 2019 level. Imports have also been adjusted down to reflect the drop in overall demand. Post forecasts a larger drop in pork production of 15 percent (compared to its previous forecast of a nine percent decline) in 2020, as African Swine Fever policies continue to limit the movement of pork and live animals, and commercial farms remain cautious about their restocking programs. Pork imports plunged 40 percent from January to May 2020 compared to the previous year, but Post expects a recovery in the second half of the year to augment local supply..

Philippines: Chicken and Pork Quarterly Update