 Ministry of Industrial Development, Commonwealth of Hintuwan FOR IMMEDIATE RELEASE | 2022 | January 26th The Ministry of Industrial Development reports that pork price continues to fuel an elevated inflation. Based on our findings, Hintuwan pork CPI increased by an average 8% for the first eleven months of 2021. Meat price inflation topped 16.8% in 2021, the highest annual price increase of any major food item since 2012. To put this into perspective perspective, rice, another trade regulated commodity, was 11.0%, back in 2011. The Ministry blames the lack of competition for the high pork price inflation. We estimate that only four large conglomerates control 55-85% of the pork supply chains in the country. Furthermore, an outbreak of African Swine Fever (ASF) in May of 2021 severely crippled the capabilities of those manufacturers to maintain the usual rates of pork sales. With this industrial structure, the bargaining power over pricing is stacked against farmers and ranchers and, ultimately, consumers. In order to meet consumer market demand the government of Hintuwan recognizes the need to continue importing pork products and immediately compensate for the shortfall in domestic supply. This afternoon, President Bulalacao approved an increase in the maximum amount of pork to be imported from abroad under the minimum access volume (MAV) of the country's current trade policy by 23,290 metric tonnes (MT). The logistics of granting tax incentives to foreign pork producers and manufacturers is currently being debated by our national legislature, the Kapulungang Bayan. Other political responses to the ongoing crisis are also being considered. Nonetheless, the Ministry of Industrial Development calls on the international private sector to invest in Hintuwan during this time of need and help in stabilizing our emerging market economy. Signed, Benaiah Magbantay Minister of Industrial Development Hintuwan |
If you are a private enterprise and would like to export pork to Hintuwan, please fill out the below form:
- Code: Select all
[box][b]Ministry of Industrial Development - Foreign Trade Contract[/b][hr][/hr]
[b]Originating Nation:[/b]
[b]Name of Company:[/b]
[b]Type of Company (LLC, Co-op, Single Proprietor, etc.):[/b]
[b]Company Details (Optional):[/b]
[b]CEO:[/b]
[b]How many metric tonnes (MT) of pork will you bring into the country each year? (Max.: 23,290 MT, Avg.: 1,000 MT)[/b][/box]
Sample:
Ministry of Industrial Development - Foreign Trade Contract
Originating Nation: United Federation
Name of Company: Atkinson Farms Food Corporation
Type of Company (LLC, Co-op, Single Proprietor, etc.): Limited-liability corporation (LLC)
Company Details (Optional): Based in the United Federation, formed in 2009 and now employs individuals with professional experience across all aspects of the food and service spectrum. The company's expertise lies in the development, sourcing, and supply of products across many food groups on a word-wide basis, including raw, coated, marinated foods. Our systems and services have been thoroughly audited by suppliers and customers enabling us to partner with all major worldwide retailers and manufacturers.
CEO: Mr. Richard Bertrand Atkinson
How many metric tonnes (MT) of pork will you bring into the country each year? (Max.: 23,290 MT, Avg.: 1,000 MT) 1,300 MT
On the other hand, if you are a foreign investor and would like to establish a meat processing company in Hintuwan, please fill out the following form:
- Code: Select all
[box][b]Ministry of Industrial Development - Foreign Investment Contract[/b][hr][/hr]
[b]Originating Nation:[/b]
[b]Name of Investment Group:[/b]
[b]Investor Details (Optional):[/b]
[b]Investment Group CEO or Equivalent:[/b]
[b]Name of Company To-Be-Established:[/b]
[b]Type of Company (LLC, Co-op, Single Proprietor, etc.):[/b]
[b]Company Details (Optional):[/b]
[b]CEO:[/b]
[b]How many metric tonnes (MT) of pork will you sell to retailers each year?[/b]
[b]Will you be hiring locally?[/b]
[b]Would you like to be publicly listed on the Hintuwani stock exchange?[/b]
[b]If your answer to the above question was yes, please provide a three-letter acronym for your company:[/b][/box]
Ministry of Industrial Development - Foreign Investment Contract
Originating Nation: United Federation
Name of Investment Group: Johannes Holdings, Inc.
Investor Details (Optional): Johannes Holdings, Inc. is the publicly listed holding company for the diversified interests of renowned United Federation banker, Peter Johannes.
Investment Group CEO or Equivalent: Mr. Peter Johannes
Name of Company To-Be-Established: Johannes Cold Storage, Inc.
Type of Company (LLC, Co-op, Single Proprietor, etc.): Single Proprietor
Company Details (Optional): It is a meat cutting plant and cold storage company.
CEO: Mr. John Frederickson
How many metric tonnes (MT) of pork will you sell to retailers each year? 700 tonnes
Will you be hiring locally? Yes
Would you like to be publicly listed on the Hintuwani stock exchange? Yes
If your answer to the above question was yes, please provide a three to four-letter acronym for your company: JCS
