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Farmers' group wants price ceiling on pork
The Philippine Star
|March 18, 2024
The farmers’ group Philippine Chamber of Agriculture and Food is pushing for the imposition of a price ceiling for pork amid the continued spike in its retail cost, reaching as high as P420 per kilo in some places.
Danilo Fausto, the group’s president, noted that the farmgate price of pork ranged only between P140 and P160 per kilo.
“A temporary price ceiling should be done. The SRP (suggested retail price) is only the suggested price, while (a violation of the) price ceiling has an imprisonment clause,” Fausto said.
“The P420 (per kilo) is too much. It (retail price of pork belly) should be P300, the most is P340 (per kilo),” he added.
This story is from the March 18, 2024 edition of The Philippine Star.
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