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Exchange rate to influence imported pork maximum suggested retail price
Business World Philippines
|June 19, 2025
THE Department of Agriculture (DA) said on Wednesday that exchange rates and freight costs will be factors in setting the maximum suggested retail price (MSRP) for imported pork.
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"We have to look at exchange rates, freight costs, and the overall price of pork worldwide," Secretary Francisco Tiu Laurel, Jr. told reporters on the sidelines of a market inspection at Paco public market in Manila.
The peso closed at its weakest level in two months on Monday at P56.415 to the dollar.
Mr. Laurel said the agency will pilot the MSRP for imported pork in eight public markets in July.
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