Philippine pork imports to climb in 2024
The USDA Foreign Agricultural Service post in Manila forecasts 2025 pork imports at 510,000 MT CWE, up over 6% from 2024, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
Continued animal disease challenges combined with strong economic growth and forecast population increases will push imports upward. DO 3, which expanded the access of Brazilian exporters to ship pork to the Philippines, also supports the forecast increase in pork imports in 2025.
FAS Manila lowers the 2024 import estimate to 480,000 MT CWE. The June 2024 issuance of EO 62, extending the tariff reductions for pork through 2028, provides meat importers more certainty and they will no longer need to bring in imports in quarter 4 of each year in anticipation of the tariffs not being extended. Accordingly, FAS Manila anticipates lower imports during the second half of 2024.
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