The Lotka-Volterra (LV) system describes a simple predator-prey model in mathematical biology. The hungry Lotka-Volterra (hLV) system assumed that each predator preys on two or more species is an extension; those involving summations and products of nonlinear terms are referred to as summation-type and product-type hLV systems, respectively. Time-discretizations of these systems are considered in the study of integrable systems, and have been shown to be applicable to computing eigenvalues of totally nonnegative (TN) matrices. Monotonic convergence to eigenvalues of TN matrices, however, has not yet been observed in the time-discretization of the product-type hLV system. In this paper, we show the existence of a center manifold associated with the time-discretization of the product-type hLV system, and then clarify how the solutions approach an equilibrium corresponding to the eigenvalues of TN matrices in the final phase of convergence.