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?span style='font:7.0pt "Times New Roman"'> Pilmico Foods to hike hog capacity (Philippines)
?span style='font:7.0pt "Times New Roman"'> Spiking prices and food security (Philippines)
Pilmico Foods to hike hog capacity
by Madelaine B. Miraflor, Manila Bulletin (Philippines)
February 15, 2021
Despite the existing threat of African Swine Fever (ASF), which has been pulling down the country抯 pork supply, Pilmico Foods Corp., the food unit of listed conglomerate Aboitiz Equity Ventures Inc. (AEV), is still looking to increase its hog production.
Pilmico said in a statement that it intends to continue investments in its swine raising business, while it heightens biosecurity, farm zoning, and introduce efficiencies in the pork supply chain in the country.
As part of the efforts, Pilmico said it is looking to further modernize the processing of pork with the operation of Tarlac Meatmasters, its triple-A slaughterhouse and meat cutting facility in Bamban, Tarlac.
Established in 2020, Tarlac Meatmasters now has a daily slaughtering capacity of 1,500 heads of hogs.
The facility is equipped with the newest state-of-the-art technology...
Pilmico funds new initiatives in swine business
Catherine Talavera, The Philippine Star
February 15, 2021
MANILA, Philippines ?Pilmico Foods Corp., the food unit of the Aboitiz group, is investing in new initiatives to improve its swine raising business as it aims to contribute to the future security of the livestock industry.
In a statement, Pilmico said it continues to invest in initiatives such as increasing sow capacity, heightened biosecurity, farm zoning, and introducing efficiencies in the pork supply chain.
The company said that the new initiatives aim to encourage long-term growth and help secure the future of the livestock industry in collaboration with key stakeholders.
揚ilmico抯 long-term business success is anchored on our ability to help our stakeholders ?build partnerships, support them in their entrepreneurial endeavors, and see to it that they grow their businesses over the long term. We are also committed to working with the government, the Department of Agriculture, Bureau of Animal Industry (BAI), and our fellow meat producers to ensure the longstanding success of the agribusiness sector in the Philippines,?Pilmico Food Group president and CEO Tristan Aboitiz said.
The food company said it continues to expand its swine herd in the wake of the African Swine Fever (ASF) and is looking to further modernize the processing of pork with its operation of Tarlac Meatmasters, its triple-A slaughter and meat cutting facility in Bamban, Tarlac...
Spiking prices and food security
Editorial, Philippine Daily Inquirer
February 15, 2021
Inflation spiked last January to its highest in two years, catching government and private sector economists by surprise. Not only was the rate of increase in prices of basic commodities the highest since January 2019抯 4.4 percent, it also breached the government抯 target range of 2-4 percent for 2021. The sad part is that the impact of high prices is terrible on poor households, as inflation for the bottom 30-percent income households climbed to 4.9 percent, also the highest in two years.
The culprit has been the rising price of pork, which was made expensive by the shortage in supply caused by the spread of the African swine fever (ASF) in hog farms across the country. The Philippine Statistics Authority (PSA) reported that the inflation for meat jumped to 17 percent in January from an already high 10 percent in December last year due to ASF-induced supply shortages. Compounding this was the seasonal tight supply for vegetables, with inflation for this commodity group jumping to 21.2 percent last month. Food accounts for about three-fifths of the inflation rate.
Economic officials said that upward price pressures started in October 2020 when pork supply tightened due to ASF, agricultural output was damaged by a string of typhoons in the last quarter, and mass transportation was still scant to ferry goods to areas that needed them, such as Metro Manila, because of the prolonged COVID-19 quarantine.
What is worrisome is the PSA抯 projection that based on its survey trends, the high inflation environment could spill over to the coming months as price conditions ?tight supply and logistical difficulties ? remain in place. The danger with an extended period of high inflation is that it will prolong the country抯 recovery from the recession caused by the pandemic as consumer spending, which fuels the economy, will be discouraged by expensive prices.
Since the problem is a shortage in supply, the solution should be to increase supply...