Average price of pork slightly drops in NegOcc

Average price of pork slightly drops in NegOcc

BACOLOD CITY – Average price of pork in Negros Occidental slightly dropped on the third week of March due to the movement in supply and demand, according to the Provincial Veterinary Office (PVO) on Tuesday.

“The buying capacity of some consumers in various local government units (LGUs) was low while the supply is high,” Dr. Renante Decena, provincial veterinarian, said in a statement.

The price decreased by PHP0.29, bringing down the average price of pork to PHP228.33 per kilogram, based on the latest prevailing market price of livestock and poultry monitoring released by the PVO, covering March 15 to 21, 2021.

This is lower than the PHP228.62 per kilogram during the second week, or from March 8 to 14.

In previous months, the PVO monitored a significant increase in the price of pork, which was mainly attributed to the higher cost of all agricultural commodities during the period and to the African swine fever outbreak in Luzon.

On the other hand, the PVO noted an increase of PHP0.24 per kilogram in the price of dressed broiler chicken.

From PHP182.69 in previous monitoring, the price went up to PHP182.93 this week since “the supply was also low during the week,” Decena said.

Average prices of other meat products in the province remained stable such as carabeef (carabao meat) still at PHP268.07; beef, PHP280; chevon (goat meat), PHP338.22; and dressed native chicken, PHP253.24. (PNA)

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