The extension of the lower tariff rates on certain meat items by the Marcos administration would cushion the rising costs of meat products brought about by global economic challenges, industry groups said.
MANILA, Philippines —
Ong, who is also the president and CEO of CDO Foodsphere Inc., said prices of raw materials, including poultry MDM, in the world market have been increasing due to higher demand from China coupled by more expensive logistics and feed costs. Marcos noted in one of his earlier EOs that maintaining the reduced tariffs on poultry MDM would “ensure continued supply of essential food products at affordable prices.”
The tariffs on pork imports remain at 15 percent for in-quota volume and 25 percent for out-quota volume. They would revert to their original rates of 30 percent and 40 percent by 2029.
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