Agriculture
Pork prices fall on ASF fears; vaccines, support seen stabilizing industry
Pork farmgate prices have dropped sharply as domestic hog raisers rush sales ahead of the rainy season to avoid African swine fever (ASF) losses, the Department of Agriculture (DA) reported Monday. Higher output from last year’s price surge, not imports, drives the shift—production rose 5.6npercent in Q2 while farmgate prices fell nearly 19 percent year-on-year.
PCIC allocates P187 million for post typhoon farmer insurance payouts
The Philippine Crop Insurance Corp. (PCIC) has earmarked P187 million to provide financial relief to insured farmers who suffered losses from flooding and destruction caused by three typhoons and the intensified southwest monsoon.
ACPC speeds zero-interest loans for flood affected farmers and fishers
The Agricultural Credit Policy Council (ACPC) is simplifying access to emergency financing for farmers and fisherfolk hit by recent flooding, offering zero-interest, collateral-free loans that could be credited on the day of approval.
Coconut trade fair sales surge threefold to P309.6M
Sales generated by coconut micro, small, and medium enterprises (MSMEs) more than tripled to P309.57 million at this year’s COCONUTPhilippines Trade Fair, pointing to stronger demand for higher-value Philippine coconut products.
DA clears first ASF vaccine for commercial use, aiding swine recovery
The Bureau of Animal Industry has approved AVAC ASF LIVE—developed by AVAC Vietnam—as the first African Swine Fever vaccine for commercial sale in the Philippines, nearly seven years after the 2019 outbreak cut the national hog herd from 13 million to roughly 8 million heads.
