President Rodrigo Duterte has granted the request of the Department of Agriculture to impose a price cap on pork and chicken for 60 days in the National Capital Region.
Duterte signed Executive Order (EO) 124 stating that the price of kasim and pigue should not exceed P270 per kilo, and for liempo and dressed chicken to be capped at P300 and P160, respectively.
“[T]he current retail prices of basic necessities in the National Capital Region such as pork and chicken have increased significantly, causing undue burden to Filipinos, especially the underprivileged and marginalized,” the EO stated.
“[I]t is imperative and urgent to ensure that all basic necessities are adequate, affordable and accessible to all, ” it added.
The imposition of price ceiling can be extended provided there is a recommendation from the DA and approval of the President, according to the EO.
Agriculture Secretary William Dar has blamed unscrupulous traders and wholesalers for the price increase of the aforementioned products, and the African swine fever (ASF) outbreak.
He added there were some traders and wholesalers are making a large profit margin of more than P200 per kilo, between the farmgate price of live hogs and retail price of pork in public markets. SOVEREIGNPH