Live hogs shipment to Luzon continues amid price cap in NCR

Live hogs shipment to Luzon continues amid price cap in NCR

ILOILO CITY – The shipment of live hogs to Luzon will not be stopped amid the 60 days price cap imposed by the government on prices of pork and chicken products sold in Metro Manila.

Remelyn R. Recoter, Department of Agriculture regional executive director in Western Visayas, on Wednesday said the region will ship hogs as long as there are buyers.

“We are more than sufficient, we still have stocks,” she said.

She added that currently, the region has an ongoing repopulation through the distribution of stocks to those affected by Typhoon Ursula. The Department of Agriculture’s (DA) livelihood program and local government units distribute piglets for free to their target beneficiaries.

However, with the price cap, some financiers and shippers backed out because they anticipated a price freeze and possible importation.

Monitoring of the last two weeks or third and fourth week of January showed that prices of live hogs from auction markets in Leon, Iloilo; Sibalom, Antique, and Kabankalan, and Moises Padilla in Negros Occidental dropped by PHP10. The price range is now between PHP130-135 per kilo.

During the first two weeks of January, the buying price of live weight was at PHP140 to PHP 145 per kilo.

Those livestock auction markets are being operated by local government units but rehabilitated and funded by DA.

Recoter added that during the Senate hearing on Feb. 1, Western Visayas also has the lowest live weight price compared with other regions in the country.

“Hopefully the price will not drop further because based on the accounting of our livestock program, the breakeven is at PHP110 per kilo. If it is PHP140, then they will have a margin of PHP30, which is better when compared with the previous price of PHP85 to PHP90 per kilo,” she added.

In 2020, over 70,000 heads of live hogs were shipped to Luzon. The shipping has reached Regions 1, 3, and 4A, she said. (PNA)

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