Pork price levels set by month's end

DA: High pork prices may be due to profiteering - BusinessWorld Online

THE DEPARTMENT of Agriculture (DA) is looking at imposing a maximum suggested retail price (MSRP) for pork as prices remain elevated amid reports of profiteering. The price of pork is almost double the farmgate price, suggesting a potential abuse of prices in markets, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said at a Palace briefing, after discussing the issue with President Ferdinand R. Marcos, Jr. He cited a gap of about P100 betwee…

Pork price levels set by month's end

AGRICULTURE Secretary Francisco Tiu Laurel Jr. said on Monday the study on the possible implementation of a maximum suggested retail price (MSRP) for pork is expected to be concluded by the end of the month. "Two weeks from now, probably, or by the end of February should be enough time," Tiu Laurel said at a press briefing in Malacañang. "We're currently studying that and digging deep into the value chain of pork so that we could determine wheth…

“How far we will go with these prices”, is the expression that is heard to tell buyers when they go to the shops and the money is not enough to cover the food basket, because the goods suffer a constant increase, especially those that are adjusted to the rate of the BCV. In recent weeks, the prices of the cuts of meat have had a meteoric rise. For example, in the Community Market of Catia la Mar, the solomo is in 580 bolívares, the steak in 545,…

President Ferdinand Marcos Jr. has noted the price of pork in the markets, which has risen to P380 to P400 per kilo. This was announced by Agriculture Secretary Francisco Tiu Laurel after President Marcos held a meeting regarding the food security situation. According to Laurel, they are wondering why the price of pork has soared so much when the farm gate price of pork is only P240 to P250. Because of this, the Department of Agriculture (DA) is…