THE country’s frozen pork inventory as of October 17 remained elevated at 101,396.57 metric tons (MT) due to higher imported stocks, latest government data showed.
National Meat Inspection Service (NMIS) data showed that frozen pork inventory in accredited cold storages during the reference period was 2,158.17 MT higher than the 99,238.4 MT recorded level on October 10.
On a monthly basis, the latest frozen pork inventory was 18.44 percent higher than the 85,606.6 MT recorded volume last September 19, NMIS data showed.
Likewise, the October 17 frozen pork inventory was 17,750.83 MT higher than last year’s 83,645.74 MT, based on NMIS data.
NMIS data showed that nearly 98 percent of the total frozen pork inventory as of October 17 was imported stocks.
Imported frozen pork reached 99,171.68 MT, higher than the 96,637.76 MT and 83,062.61 MT, recorded volume in the previous week and last month, respectively.
NMIS data showed that locally-produced frozen pork as of October 17 was estimated at 2,224.89 MT, down from the previous week’s 2,600.64 MT. Likewise, it was lower than the locally-produced frozen pork inventory last month at 2,543.99 MT.
The frozen pork inventory covers the stock inventory in accredited commercial and in-house cold storages (slaughterhouses and meat processing plants), according to the NMIS.
NMIS explained that the frozen pork inventory includes local and imported carcass, primal parts and specialty cuts of local and imported pork.
NMIS data showed that cold storages in Region 3 held the most volume of frozen pork inventory at 32,598.2 MT followed by Region 4A at 32,449.52 MT.
The national government kept the lower tariffs on imported pork products until the end of the year to allow the entry of additional supply amid struggling local production due to African swine fever.
NMIS data also showed that dressed chicken inventory in cold storages nationwide as of October 17 reached 51,148.16 MT, slightly lower than the 52,353.7 MT on October 10.
Imported dressed chicken accounted for more than half of the total inventory at 29,397.15 MT, while locally-produced dressed chicken amounted to 21,751.01 MT, based on NMIS data.
Region 4A held the largest dressed chicken inventory during the reference period at 17,115.02 MT, followed by Region 3 at 11,197.55 MT, NMIS data showed.
NMIS data said its dressed chicken inventory data only included fresh chilled chicken from accredited cold storage facilities. NMIS’s data did not include mechanically deboned meat (MDM) of chicken.
Imported stock keeps frozen pork inventory
Source: News Paper Radio
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