PH meat imports fall; Pinoys eat less pork, beef
MANILA -The countrys meat imports fell by 4 percent in the first eight months of the year as Filipinos consumed less pork and beef amid rising global market prices.
The volume of imported meat decreased to 817.35 million kilograms from January to August this year from 851.84 million kg in the same period a year ago, based on the latest data from the Bureau of Animal Industry.
Importers are now feeling the effects of the low consumption coupled with high prices abroad, Meat Importers and Traders Association president emeritus Jesus Cham said in a message.
Market has been very tough and [we] hear [that] many importers are lying low. It would not be surprising for importers to be more conservative, Cham said.
In August alone, the Philippines imported 115.11 million kg of meat, down 1.5 percent from the past year. But last months volume of imported meat and meat products improved from the volume in July, ending a three-month downtrend.