Economy
ASF Fear Drove Pork Prices Down, DA Clarifies
The Department of Agriculture clarified that the drop in pork prices was caused by fears of another African Swine Fever (ASF) outbreak, not over-importation. Hog raisers sold their animals earlier than planned to avoid risks associated with the approaching rainy season, increasing market supply.
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- Pork Farmgate Price Decline Blamed on ASF Fears, Not Imports - DA Chief
Philippine Agriculture Secretary Francisco P. Tiu Laurel, Jr. stated that a rush to sell hogs due to fears of an African Swine Fever (ASF) outbreak, not pork imports, caused the decline in farmgate prices. Domestic production is on the rise.