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    Home > Food News > Food Articles > The Philippine Ministry of Finance supports extending the validity period of the minimum allowance for pork

    The Philippine Ministry of Finance supports extending the validity period of the minimum allowance for pork

    • Last Update: 2021-12-25
    • Source: Internet
    • Author: User
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    According to a report by the Philippine Business Mirror on December 20, Treasury Secretary Dominguez said that he agreed to extend the validity period of the 200,000-tonne Pork Minimum Access (MAV+) plan until the end of next year
    .
    Last month, Deputy Minister of Agriculture Adriano stated that importers only used 22% (44,000 tons) of MAV+ due to numerous non-tariff measures adopted in the implementation of the expanded import plan
    .
    The members of the currency committee proposed that pork tariffs must be permanently reduced and the income used to develop the pig industry
    .
    The Meat Importers and Traders Association (Mita) supports the proposal to extend the MAV+ program until the end of 2022, saying it will ensure meat supply while controlling retail prices
    .
    The National Federation of Pig Producers (NFHFI) and the Federation of Pork Producers (ProPork) stated that the extension of pork MAV+ will not have any impact on market prices, and pointed out that there is no “significant reduction” in pork prices
    .
    According to a report by the Philippine Business Mirror on December 20, Treasury Secretary Dominguez said that he agreed to extend the validity period of the 200,000-tonne Pork Minimum Access (MAV+) plan until the end of next year
    .
    Last month, Deputy Minister of Agriculture Adriano stated that importers only used 22% (44,000 tons) of MAV+ due to numerous non-tariff measures adopted in the implementation of the expanded import plan
    .
    The members of the currency committee proposed that pork tariffs must be permanently reduced and the income used to develop the pig industry
    .
    The Meat Importers and Traders Association (Mita) supports the proposal to extend the MAV+ program until the end of 2022, saying it will ensure meat supply while controlling retail prices
    .
    The National Federation of Pig Producers (NFHFI) and the Federation of Pork Producers (ProPork) stated that the extension of pork MAV+ will not have any impact on market prices, and pointed out that there is no “significant reduction” in pork prices
    .
    pork
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