After setting a maximum suggested retail price (MSRP) for imported rice, the Department of Agriculture (DA) is now planning to impose a ceiling price on pork by March.
“We will adopt the same strategy for pork as we did for rice,” DA spokesperson Arnel de Mesa said on February 17. “We want to determine a reasonable price, and once we set the MSRP, retailers will comply to avoid overpricing.”
Earlier, at a presidential press conference on February 10, Agriculture Secretary Francisco Tiu Laurel said: “Any price above 400 pesos per kilogram is unreasonable.” He also mentioned at the time that the issue of the MSRP for pork had been discussed with President Marcos.
As of February 15, the price of pork belly in the Manila area ranged from 380 pesos to 480 pesos per kilogram, while frozen foreleg and frozen belly were priced lower at 255.83 pesos and 312.44 pesos, respectively.
In response, De Mesa said that 380 pesos per kilogram was a reasonable price. “If the farm gate price is P250, plus a profit of P100 or more per kilo, then P380 is reasonable,” he said.
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“We will adopt the same strategy for pork as we did for rice,” DA spokesperson Arnel de Mesa said on February 17. “We want to determine a reasonable price, and once we set the MSRP, retailers will comply to avoid overpricing.”
Earlier, at a presidential press conference on February 10, Agriculture Secretary Francisco Tiu Laurel said: “Any price above 400 pesos per kilogram is unreasonable.” He also mentioned at the time that the issue of the MSRP for pork had been discussed with President Marcos.
As of February 15, the price of pork belly in the Manila area ranged from 380 pesos to 480 pesos per kilogram, while frozen foreleg and frozen belly were priced lower at 255.83 pesos and 312.44 pesos, respectively.
In response, De Mesa said that 380 pesos per kilogram was a reasonable price. “If the farm gate price is P250, plus a profit of P100 or more per kilo, then P380 is reasonable,” he said.