Philippines cuts tariffs on pork imports again

Philippine President Duterte has lowered import duties on pork to encourage pork purchases from overseas, hoping to address domestic shortages. REUTERS reports that the Philippines plans to import almost 400,000 tons of pork in 2021, more than double the planned 162,000 tons.

The pork shortage in the country arose after multiple outbreaks of African swine fever led to a reduction in the number of pigs. Local MEAT prices rose sharply, pushing inflation up and above the central bank’s annual target range of 2-4% in the first quarter of 2021.

“There is an urgent need for a temporary reduction in tariff rates for fresh, chilled or frozen pig meat in order to address the current shortage of pork, stabilize pork prices and minimize the rate of inflation,” Duterte said. 

The regulation reduces the tariff on pork imports for the first three months. it has been reduced to 5% from 30% at present and is planned to be reduced to 10% from April to December of this year.

For pork imports outside the quota scheme, the tariff will be reduced to 15% for the first three months from 40% at present and to 20% for the remainder of the 12-month period.

The US , which is the leading pork exporter to the Philippine market, welcomed this expansion. Jen Sorenson, president of the National Pork Producers Council (NPPC), issued a statement saying the organization appreciates the opportunity to help reduce pork shortages and rising prices in the Philippines.