The British Chamber of Commerce Philippines (BCCP) reports a surge in meat trade between the UK and the Philippines, driven by increasing imports projected for 2025. This growth aims to alleviate inflation and bolster food security in the country. The BCCP cites the lifting of a temporary ban on UK meat imports in October 2024 as a key factor contributing to this positive trend.
BRITISH Chamber of Commerce Philippines highlights the expanding growth of the meat trade between the UK and the Philippines.Increasing meat imports forecasted for 2025 are expected to help ease inflation and bolster the food supply in the country.BCCP Executive/Trustee Chris Nelson emphasized the strong growth of the meat trade, stating, 'It is going to continue to grow; it has been very strong. I also think that reflects the fact that we continue to be the second-largest market in Asia.
'The Agriculture and Horticulture Development Board reported that from January to October 2024, pork volumes rose to 17,590 tons, a 21 percent increase, and beef volumes reached 1,810 tons, marking a 224 percent rise compared to 2023.This follows the lifting of a temporary ban on UK meat imports by the Philippine Department of Agriculture on Oct. 11, 2024, after the resolution of mad cow disease cases.In December 2024, inflation rose to 2.
TRADE MEAT INFLATION UK PHILIPPINES
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