The Philippine Association of Meat Processors Inc. said it fully supports the decision of the Agriculture Department to temporarily ban the importation of meat from Germany but warned that it may increase the prices of processed meat amid the steadily increasing global price of pork.
The group said the price pressures were mainly due to the shortage in supply brought about by the African Swine Fever scare that swept parts of Europe, Africa and Asia.
It said the recent ban on German pork products supplier to the Philippines would further aggravate the lessening supply that may force local processors to jack up prices even more.
The supply pressure from China is another factor that will justify the increase in pork product prices due to the magnitude of pork requirement by the Chinese after almost half of its farms got hit by ASF in late May, it said.
“This has raised our buying prices from the world market and has almost doubled pork fat prices and pork shoulder/pork ham and belly prices have risen by 20 to 40 percent,” Pampi said.
Among the products that are likely to see higher prices are bacon, jams, tocino and to some extent, hotdogs and sausages.