Pork supply exceeds demand, Senate panel finds, casting doubt on gov’t import policy

By Alyssa Nicole O. Tan, Reporter THE Senate Agriculture, Food and Agrarian Reform Committee was told that the supply of pork exceeded demand in each of the years since 2019, raising questions about the government’s pork import policy. Senator Cynthia A. Villar, who chairs the committee hearing, on Monday cited data indicating a pork surplus […]

PHL imports, consumption of distilled spirits seen returning to pre-pandemic levels by 2023

PHILIPPINE imports and consumption of distilled spirits are expected to return to pre-pandemic levels as pandemic restrictions ease, the Global Agricultural Information Network (GAIN) said in a report. “Prospects for growth are exceptionally bright due to the country’s young, fast growing, and highly urbanized population, the strong presence of premium US brands, and the proliferation […]

Import permits suspended for galunggong, mackerel

THE Department of Agriculture (DA) said it has suspended the issuance of sanitary and phytosanitary import clearances for round scad (galunggong), mackerel, and various other species, effective immediately. According to a department circular dated Dec. 13, the suspension also applies to the issuance of import documents for bonito, moonfish, pompano, and tuna by-products. The DA […]

Extended low tariffs for pork, rice seen needed, but farm lobby says traders cornering benefits

A PROPOSAL to extend lowered tariffs for pork, rice, corn, and coal will temper the effects of surging inflation, the Foundation for Economic Freedom (FEF) said.   Kristine F. Alcantara, FEF fellow, said during a hearing of the Tariff Commission (TC) on Wednesday that extending the effectivity of Executive Order (EO) No. 171 would help […]

Lower pork tariffs to be extended

THE MARCOS administration is planning to extend lower tariff rates on key commodities such as pork, corn, rice, and coal to next year, Finance Secretary Benjamin E. Diokno said, as the government seeks to curb rising food inflation. “[The] economic managers have repeatedly raised the needed measures to address food inflation. In the last Cabinet […]

Polyethylene import duties seen to protect petrochemical industry

THE recently imposed duties on high-density polyethylene (HDPE) imports will protect the local petrochemical industry from cheap foreign resins entering the country, according to JG Summit Olefins Corp. (JGSOC). On Wednesday, the Department of Trade and Industry (DTI) ordered the imposition of safeguard duties on imports of HDPE pellets and granules for three years. “This […]

Cement industry says ‘premature’ to let safeguard measures vs imports expire

THE cement industry said it requires more time to adjust to competition from imports with the looming expiry of safeguard measures protecting domestic manufacturers on Oct. 22, which the Tariff Commission (TC) did not extend. Cirilo M. Pestaño, Cement Manufacturers Association of the Philippines, Inc. (CeMAP) executive director, said in a statement on Monday that […]