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Philippines imposes 60-day restriction on pork imports; country is Brazil's biggest customer

Measure aims to protect local producers after losses of US$441.25 million in the sector

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The Philippine Ministry of Agriculture suspended pork imports for 60 days to protect local producers, who accumulated losses of US$441.25 million.
The decision impacts Brazil, the main supplier of the product to the Asian country.

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Why It Matters

Local Philippine producers recorded losses of US$441.25 million in the first seven months of the year. Brazil is the main supplier of pork to the Philippines.

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Manila (Philippines) | Reuters The Philippine Ministry of Agriculture reported on Monday (9) that it had imposed a 60-day restriction on pork imports to protect the local sector, a measure that could potentially affect Brazil, which has the product's main customer in the Asian country.

Local producers suffered losses of US$441.25 million (R$2.43 billion) in the first seven months of the year, the ministry said in a statement.

"Preliminary findings show that the increase in pork imports is putting strong pressure on our local producers," said Agriculture Minister Francisco Tiu Laurel.

Between January and September, Brazil exported 271,600 tons to the Philippines, almost 25% of all Brazilian exports in the period, according to Brazilian government data.

Open Questions

Will the measure be extended after 60 days?
How will the Brazilian government react to the restriction?

Philippines imposes 60-day restriction on pork imports; country is Brazil's biggest customer

Measure aims to protect local producers after losses of US$441.25 million in the sector

Quick Look

The Philippine Ministry of Agriculture suspended pork imports for 60 days to protect local producers, who accumulated losses of US$441.25 million.
The decision impacts Brazil, the main supplier of the product to the Asian country.

AI-generated summary

Why It Matters

Local Philippine producers recorded losses of US$441.25 million in the first seven months of the year. Brazil is the main supplier of pork to the Philippines.

Font size

Local producers suffered losses of US$441.25 million (R$2.43 billion) in the first seven months of the year, the ministry said in a statement.

"Preliminary findings show that the increase in pork imports is putting strong pressure on our local producers," said Agriculture Minister Francisco Tiu Laurel.

Between January and September, Brazil exported 271,600 tons to the Philippines, almost 25% of all Brazilian exports in the period, according to Brazilian government data.

Open Questions

Will the measure be extended after 60 days?
How will the Brazilian government react to the restriction?

Philippines imposes 60-day restriction on pork imports; country is Brazil's biggest customer

Quick Look

Why It Matters

Open Questions

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Philippines imposes 60-day restriction on pork imports; country is Brazil's biggest customer

Quick Look

Why It Matters

Open Questions

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