Despite receiving minimal assistance and subsidy from the national government, the Philippine hog industry is considered the second leading contributor to the Philippine agricultural sector, coming only after rice production. It was estimated that in 2009, hog business raked in about PhP 160 billion in sales.
As of 1 January 2008, the country’s swine total inventory was estimated at 13.7 million heads, up by 1.8 percent compared to previous year’s level. Backyard farm initial stocks, however, was observed to experience a glut as total heads went down by as much as 1.00 percent. On the other hand, commercial farms inventory registered a 9.37 percent increase against initial stocks of 2007. About 71 percent of the total swine population are raised in backyard farms while 29 percent are in commercial farms.
The swine industry which accounted for 80 percent of total livestock production registered a 2.72 percent growth in 2007. The gain in production was noted during the 2nd and 4th quarters of 2007 when more animals were slaughtered.
In that same year, the average annual price received by farmers was PhP 71.26, or about 2.83 percent higher than the 2006 price. Similarly, the average wholesale price of live hogs in Metro Manila went up by 0.77 percent. Annual average retail price in Metro Manila increased by 0.83 percent from the record set the previous year.
The Bureau of Agricultural Statistics (BAS) stated that Philippine hog production dipped slightly from 1.89 tons in 2007 to 1.86 tons in 2008. The most notable decrease in stocks was due to the numerous losses caused by diseases like hog cholera, PRRS, Pseudorabies, Swine Flu and Circovirus. The disease scare was considered a major catastrophe by Luzon farmers that it forced many of them to sell their pigs prematurely for fear of getting hit by the continuing drop in market price while feeling the increase in prices of commercial feed as well as the basic ingredients like corn.
In terms of value, however, the pig sector posted an 11.29 percent increase with PhP 149.59 billion (US$ 3.16 billion) from PhP 134.42 billion (US$ 2.84 billion) in 2007. The BAS attributed the growth to improved farm prices which averaged PhP 80.61 (US$ 1.70) per kg in 2008 compared to PhP 71.27 (US$ 1.51) per kg in 2007.
As of 1 January 2008, the country’s swine total inventory was estimated at 13.7 million heads, up by 1.8 percent compared to previous year’s level. Backyard farm initial stocks, however, was observed to experience a glut as total heads went down by as much as 1.00 percent. On the other hand, commercial farms inventory registered a 9.37 percent increase against initial stocks of 2007. About 71 percent of the total swine population are raised in backyard farms while 29 percent are in commercial farms.
The swine industry which accounted for 80 percent of total livestock production registered a 2.72 percent growth in 2007. The gain in production was noted during the 2nd and 4th quarters of 2007 when more animals were slaughtered.
In that same year, the average annual price received by farmers was PhP 71.26, or about 2.83 percent higher than the 2006 price. Similarly, the average wholesale price of live hogs in Metro Manila went up by 0.77 percent. Annual average retail price in Metro Manila increased by 0.83 percent from the record set the previous year.
The Bureau of Agricultural Statistics (BAS) stated that Philippine hog production dipped slightly from 1.89 tons in 2007 to 1.86 tons in 2008. The most notable decrease in stocks was due to the numerous losses caused by diseases like hog cholera, PRRS, Pseudorabies, Swine Flu and Circovirus. The disease scare was considered a major catastrophe by Luzon farmers that it forced many of them to sell their pigs prematurely for fear of getting hit by the continuing drop in market price while feeling the increase in prices of commercial feed as well as the basic ingredients like corn.
In terms of value, however, the pig sector posted an 11.29 percent increase with PhP 149.59 billion (US$ 3.16 billion) from PhP 134.42 billion (US$ 2.84 billion) in 2007. The BAS attributed the growth to improved farm prices which averaged PhP 80.61 (US$ 1.70) per kg in 2008 compared to PhP 71.27 (US$ 1.51) per kg in 2007.
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