Imported meat hits the Philippines' local industry

(Agricultural Wealth Network)    To meet meat demand during the Christmas season, the Philippine government plans to import pork and chicken, which will also bring down agricultural product prices somewhat. Usually, because of the year-end holidays, Filipino demand for chicken and pork products (such as ham) grows in the second half of the year. But industry insiders also say demand for processed meat will decline.

    Some industry experts say agricultural product prices have still not fallen significantly, and residents' purchasing power remains relatively low. If that is the case, after imported meat products enter the market, local meat products may compete with cheap imported products by cutting prices.