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Meat Industry Grows as Peso Gains More Value

by 5m Editor
7 March 2007, at 10:24am

PHILIPPINES - The Central Visayas meat industry registered growth in many areas, according to the 2006 annual accomplishment report compiled by the National Meat Inspection Services (NMIS) of the Department of Agriculture (DA) 7.

This, despite the condemnation of 78,011 kilos of meat from carcasses, primal parts and entrails that were condemned by NMIS 7 in 2006.

DA NMIS 7 Director Romeo Capa expressed optimism that 2007 would be a good year for the sector as well.

Capa said the meat industry will be among the most “promising” sectors this year as the Philippine economic landscape continues to show signs of development.

“The country’s economy has improved which increased the capability of consumers to buy imported meat,” said NMIS 7 chief of meat import and export Dr. Alvin Leal.

Leal attributed the strengthening of the peso against the US dollar as among the key factors in the growth of meat importation in the region.

Leal also told Sun.Star Cebu that the increase in the value of the local currency has allowed meat-processing companies to “stock” more imported meat products.

Source: SUN STAR Cebu

5m Editor