Philippines Beef Imports Increase In September

PHILIPPINES - Philippine's beef imports during September increased 10 per cent compared with the same period in 2010, to 9,964 tonnes swt, reports Meat and Livestock Australia (MLA).
calendar icon 2 November 2011
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Meat & Livestock Australia

MLA reports that imports from most markets improved year-on-year, except for the US (down 21 per cent) and India (down eight per cent) (Philippines' Department of Animal Industry).

In the nine months to September 2011, beef imports fell 10 per cent year-on-year to 73,424 tonnes swt, largely due to falls in imports from India (down 17 perr cent), Australia (down one per cent), US (down eight per cent) and Brazil (down 43 per cent).

MLA states that, according to industry sources, meat safety issues were on the rise in the Philippines in September, following the Bureau of Animal Industry's ban on US ground beef originating from several US states (due to E.coli contamination) and reports on the mishandling of local pork and chicken in wet markets. As a result of the food safety concerns, demand for Australian beef is expected to remain strong for the rest of 2011.

Wholesale Australian chilled beef prices in the Philippines during September were reportedly stable compared with August. Australian chilled tenderloin prices averaged 1,100 peso/kg (A$24.80/kg), while US chilled tenderloin prices averaged 1,890 peso/kg (A$42.63/kg). Prices for frozen Australian striploin, ribeye and rump remained firm, averaging 700 Peso/kg (A$15.79/kg), 900 Peso/kg (A$20.30/kg) and 450 Peso/kg (A$10.15/kg), respectively.

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