The country's meat imports rose by 16.5 percent in the first eight months, reaching 1.06 billion kilograms compared to 907.78 million kg in the same period last year, according to data from the Bureau of Animal Industry (BAI).
President Ferdinand Marcos Jr. has signed into law Republic Act 12308, or the Animal Industry Development and Competitiveness Act (AIDCA), which allocates ₱200 billion over the next 10 years to modernize the country’s livestock, poultry, and dairy sectors.
The Philippine Center for Postharvest Development and Mechanization (PhilMech) has signed a memorandum of understanding (MOU) with South Korea’s TYM Corporation to advance farm mechanization efforts in the Philippines.
The Sugar Regulatory Administration (SRA) has temporarily suspended molasses importation, citing the need to support local producers and address declining domestic prices and unutilized local stocks.