(UPDATES) PHILIPPINE meat imports are expected to rise this year due to the extension of reduced import tariffs and amid an expansion in the global meat trade, the United Nations' Food and Agriculture Organization (FAO) said.
PHILIPPINE meat imports are expected to rise this year due to the extension of reduced import tariffs and amid an expansion in the global meat trade, the United Nations' Food and Agriculture Organization said.In its latest food and market review, the FAO said the Philippines could be likely to bring in 1.09 million metric tons of meat and other meat products in 2024, slightly higher than 1.04 million MT recorded a year earlier.
The increase in output will be driven by strong consumer demand for affordable poultry meat and low feed costs despite risks from avian influenza and high operational costs in leading producers, the UN agency said.Much of the import demand for poultry meat is expected from the United States, Malaysia, Iraq, the Philippines, the European Union, and South Africa due to increasing domestic demand and affordability of poultry meat compared to other meats.
PH To Import More Meat This Year Due To Lower Tariffs
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