THE Philippine dairy industry experienced growth in the first three quarters of this year compared to the same period last year, according to a report by the National Dairy Authority .While livestock inventory dropped by 1.5 percent from around 9.18 million heads in 2023 to 9.05 million heads in 2024, the dairy inventory posted a 'remarkable increase' of 59.4 percent to 152,619 heads in 2024 from 95,749 heads in 2023, the NDA said.
'This growth highlights improvements in domestic output; however, the country remains heavily reliant on imports,' the NDA said, noting that imports made up 99.1 of the Philippines' milk supply.Imports shot up 24.7 percent to 2.71 billion liters, with the increase coming primarily from the importation of skim milk powder, growing by 40.7 percent to 1.104 billion liters this year from 879.2 million liters in 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine Cement Industry Backs Pumped Up by DTI's Move Against Excessive ImportsThe Cement Manufacturers Association of the Philippines (CeMAP) and Eagle Cement Corporation have expressed their full support for the Department of Trade and Industry's (DTI) Motu Proprio Preliminary Safeguard Measures investigation on cement imports. This initiative is aimed at ensuring fair competition and protecting the local cement industry from excessive imports. CeMAP and Eagle Cement Corporation have submitted their respective support documents to DTI, while the Federation of Philippine Industries also backs a strong supporter of the measure.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Philippine ride-hailing industry wishlistTHE ride-hailing industry has become an indispensable part of the Philippines' urban mobility landscape, providing millions of Filipinos with convenient transportation options while generating livelihood opportunities for drivers.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Philippine Semiconductor Industry Needs Government Support to Capitalize on Global DemandStakeholders in the Philippine semiconductor industry are urging the government to increase support for the sector, which contributes significantly to the country's export revenues. Semiconductor shipments account for about 75% of Philippine electronics exports, but growth has been minimal this year. Industry leaders say better incentives, infrastructure, predictable policies, and investment in education and skills training are crucial for the industry to thrive and compete with other Southeast Asian nations.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Philippine Milkfish Industry Faces Challenges of Reliance on Imports, Data GapsThe Philippine milkfish industry is grappling with several key challenges, including its heavy reliance on imported fry, which exposes local producers to price fluctuations and supply disruptions. High feed costs, poor farming practices leading to environmental damage, and a lack of reliable data on production and trade are further hindering growth. Stakeholders call for coordinated efforts, improved policies, and strategic investments to support the industry's development and competitiveness.
Source: BusinessMirror - 🏆 19. / 59 Read more »