Trending Now
Friday Feature: Incubate Debate
Universities in Libertarian Land
To Veatch His Own
A Different Perspective on Costa Rica’s Traffic Disaster
Harmony Squad: Supreme Court Issues Six Unanimous Decisions
Disabling Trump’s “Tariff Button”
Good Riddance to the Penny
Why the US Legacy Media Is Worse than...
Fed Beige Book: The Economy In Half of...
ADB to fund four PHL RE, energy-efficiency projects
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Deadline for applications to import seafood extended

by June 3, 2025
June 3, 2025

THE Department of Agriculture (DA) said it extended the deadline to apply for permits to bring in imported seafood to the end of June, with few takers among importers because of the tight shipping deadlines.

Only about a quarter of the 25,000 metric tons of seafood approved for import has been landed so far, the DA said in a statement.

The imports were primarily intended for the use of the food service, tourism and hospitality industries.

The DA said the low uptake was due to overly tight import timelines and sourcing constraints.

“It’s more of a systemic issue than low demand,” it said.

“The timeframes we set were too short, and many of the approved products were out of season in their countries of origin,” it added.

The DA said it was challenging for some importers to meet requirements tied to larger volume allocations.

The approved list of imports includes salmon, cod, and tuna by-products, squid, scallops, octopus, and lobster, “none of which is locally sourced in sufficient quantities.”

The DA said it allowed sardine imports “because it was the offseason in some of our fishing grounds.”

It also said sardines are deemed affordable and expanding the supply will “help address inflation concerns.”

The DA said extending the deadline for issuing import permits will help ease food inflation and improve allocation efficiency.

It cited a directive from Malacañang to rationalize fish imports to “stabilize supply and prices for the tourism and high-end food sectors, with the goal of generating more jobs and attracting investment.” — Kyle Aristophere T. Atienza

previous post
OECD expects PHL to miss gov’t growth target
next post
PHL wholesale price growth accelerates to 4%

Related Posts

Friday Feature: Incubate Debate

June 6, 2025

Universities in Libertarian Land

June 6, 2025

Harmony Squad: Supreme Court Issues Six Unanimous Decisions

June 5, 2025

Disabling Trump’s “Tariff Button”

June 5, 2025

Good Riddance to the Penny

June 5, 2025

ADB to fund four PHL RE, energy-efficiency projects

June 5, 2025

German startup keen on tackling e-waste in developing...

June 5, 2025

Solar, energy-efficiency program for schools, gov’t hospitals to...

June 5, 2025

Food and beverage tops list of leading FMCG...

June 5, 2025

La Union court rejects claim on Poro Point...

June 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News