SRP on imported pork starts on April 9

Agriculture Secretary William Dar said a suggested retail price (SRP) on imported pork would take effect this Friday (April 9).

In a virtual press briefing Wednesday, Dar said this measure is part of the government’s effort to stabilize food prices.

“The price cap ends tomorrow, that’s under EO (executive order) 124. So April 8 will be the last day for the price cap — the existing one, and there will be no extension. But we have decided with consultations again with various stakeholders, with DTI (Department of Trade and Industry), and others that we will impose a suggested retail price for imported pork,” he said.

Imported pork kasim shall have an SRP of P270 per kilogram and P350 per kilogram for imported pork liempo.

Dar said importers should comply with hygienic handling as well as proper packaging and labeling of imported pork products.

He said imported pork would be distributed also in wet markets in Metro Manila, particularly to retailers with freezers or chillers.

But for those without freezers or chillers, Dar said the DA would provide a grant of P45 million to buy 2,500 freezers with a cost of P18,000 each.

The rise in inflation rate in the past months was mainly driven by higher prices of meat due to continued supply deficiency brought by African swine fever (ASF).

Dar said the implementation of a price cap on pork and poultry products has been helpful to slow down inflation rate, but imposing price ceiling and SRP alone would not solve the problem of higher prices of meat. (PNA)

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