The Department of Agriculture approves the release of 140 thousand metric tons of pork to fill a supply shortfall
To close the supply deficit, the Department of Agriculture (DA) has authorized the calibrated distribution of 70 percent, or 140,000 metric tons (MT), of pork meat to be distributed over a period of three months.
According to the DA’s minimum access volume (MAV) management committee, the meat supply will begin arriving in July and will last through October (MMC).
The second portion of the importation, which accounts for 30% of the total or 60,000 MT, will arrive between November and January 2022 and will be available to all importers on a first-come, first-served basis until it is exhausted.
According to a copy of MMC Resolution No. 1 that was given to media on Monday, the measure would “supply customers with sufficient and cheap food while also lowering inflation.”
According to the resolution, President Rodrigo Duterte approved Executive Order (EO) 133 on May 10, which increased the 2021 MAV for pig meat from 54,210 MT to 254,210 MT, or an increase of 200,000 MT, provided that any insufficient balance at the end of 2021 is not carried over to 2022.
In a statement issued by the MMC, the agency stated that “the volume importation is allocated in a fair and open manner to all qualified importers of pork meat, and in accordance with existing rules and regulations for the implementation of the agricultural MAV and other relevant laws and regulations.”
A maximum of 50 full-container loads, which is roughly equal to 1,250 MT, will be permitted per application and importer, according to the terms of the resolution.
Other importers are given an equal chance to succeed, according to the distribution method that has been agreed upon.
The resolution was signed by Agriculture Secretary William Dar, Finance Secretary Carlos Dominguez III, Karl Kendrick Chua of the Socioeconomic Planning Department, Ramon Lopez of the Trade and Industry Department, John Castriciones of the Agrarian Reform Department, and Fortunato de la Pea of the Science and Technology Department.