THE House Committee on Agriculture and Food heard testimony from farmers’ and food-industry groups questioning the basis of Executive Order (EO) 116, which  greatlyTHE House Committee on Agriculture and Food heard testimony from farmers’ and food-industry groups questioning the basis of Executive Order (EO) 116, which  greatly

House agri panel hears testimony of pork farmgate crash following EO 116

2026/06/03 21:04
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE House Committee on Agriculture and Food heard testimony from farmers’ and food-industry groups questioning the basis of Executive Order (EO) 116, which  greatly increased the minimum access volume (MAV) for pork to 204,210 metric tons (MT) from 54,210 MT previously.

The EO, which raised the volume of foreign pork admitted into the country under favorable tariff conditions, had been billed as an inflation-containment measure. However, the committee’s resource persons called it detrimental to the interests of domestic pork producers.

Rosendo O. So, President of the Samahang Industriya ng Agrikultura, said the EO put domestic pork producers at a disadvantage by depressing the farmgate price earned by hog raisers. He noted that the farmgate price fell 20.7% year on year in May to P189.58 per kilo.

“We should not be talking about (a MAV expansion) this year and should just revoke (the EO),” Mr. So said, noting that the domestic supply of pork has started to improve after the African Swine Fever (ASF) outbreak decimated the domestic hog population after the outbreak was first detected in 2019.

Eric Harina, chairman of ProPork, batted for the restoration of tariff protections for the industry and called for legally binding consultations with domestic producers before adopting any new agricultural trade policy. He said the government needs to focus on farm-to-market supply chain modernization instead of resorting to import liberalization.

“If we want lower meat prices and long-lasting effects, we need to nurture (and) support the industry so supply increases and retail prices stabilize,” Mr. Harina said. — Marron Joshua F. Mendoza

Market Opportunity
Housecoin Logo
Housecoin Price(HOUSE)
$0.0016249
$0.0016249$0.0016249
+6.35%
USD
Housecoin (HOUSE) Live Price Chart

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump kritik serangan Israel terhadap Beirut ketika rundingan damai Iran

Trump kritik serangan Israel terhadap Beirut ketika rundingan damai Iran

Presiden Amerika Syarikat berkata ia tidak sepatutnya berlaku ketika Washington berada di ambang perjanjian damai dengan Iran.
Share
Free Malaysia Today2026/06/15 07:52
Adoption Leads Traders to Snorter Token

Adoption Leads Traders to Snorter Token

The post Adoption Leads Traders to Snorter Token appeared on BitcoinEthereumNews.com. Largest Bank in Spain Launches Crypto Service: Adoption Leads Traders to Snorter Token Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/banco-santander-and-snorter-token-crypto-services/
Share
BitcoinEthereumNews2025/09/17 23:45
Hyperscalers Break U.S. Bond Market With $725B AI Spending Spree, Go Global for Debt

Hyperscalers Break U.S. Bond Market With $725B AI Spending Spree, Go Global for Debt

TLDR: Hyperscalers committed $725B in 2026 capex, up 77% from 2025’s record $410B set just a year prior. Non-USD bond issuance rose from zero in 2024 to 48% of
Share
Blockonomi2026/06/15 07:59

Score Your Share of 50K USDT

Score Your Share of 50K USDTScore Your Share of 50K USDT

Complete DEX+ tasks to unlock the Champion Wheel