JM Innovations



National & World Ag News Headlines
Philippines Announce Decision to Import More Pork
USAgNet - 04/12/2021

The Philippine government announced it will provide more market access for pork imports. Beginning the same day, tariffs for imported pork under the increased minimum access volume of 404,210 metric tons would be reduced from 30 percent to five percent for the next three months, and then 10 percent thereafter.

“Since 2019, the Philippines has been battling African swine fever, and as a result, domestic production has declined, supplies have tightened, and pork prices have spiked,” said NPPC President Jen Sorenson, communications director for Iowa Select Farms in West Des Moines, Iowa. “While we are saddened by the spread of ASF in the Philippines, we appreciate the opportunity to send more high-quality U.S. pork to ease the shortage and the spike in prices.”

Tariffs for imported pork above the MAV would be reduced from 40 percent to 15 percent for the next three months, and then increase to 20 percent thereafter. The reductions are in effect for one year.


Other National Headlines
TractorPumps.com
Zabel Equipment
Copyright © 2024 - Farms.com. All Rights Reserved.