DA assures public of stable pork prices until yearend

MANILA, Philippines — The Department of Agriculture (DA) has assured the public of stable pork prices until the end of the year, even with the coming holiday season.

There might be small price increases toward the holidays with increased demand but there is still enough supply up to the end of the fourth quarter, according to DA Assistant Secretary Arnel De Mesa.

De Mesa cited the price of egg, whose price increases during the school opening season and the holiday season due to a natural slight increase in the demand, but since the supply is stable, the price increase is tamed.

He added that monitoring showed that prices of pork ranged from around P280 to P360, with some cuts showing a price drop over the last few days.

Data also showed that the country has more than 19 days of surplus inventory in pork, given the 38,000-metric ton (MT) imports at the end of the third quarter.