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DA working to lower price of pork

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Retail price high despite lower farm gate price

By Joel Guinto
INQUIRER.net
First Posted 16:21:00 10/02/2008

MANILA, Philippines — The Department of Agriculture (DA) is looking at ways to use consumer laws to bring down the market price of pork, which remains high even as farm gate prices have gone down, Agriculture Secretary Arthur Yap said Thursday.

Yap said the farm gate price of pork has gone down to P85 per kilo, which should translate to a market price of between P145-150 per kilo. However, he said, the average retail price of pork is P170 per kilo.

“That’s about 100 percent. Who’s profiting from this? I think the retail price has no basis,” Yap told reporters in Malacañang.

Yap said he would call for an administrative hearing on the matter.

“We are going to start [coming up with] a suggested retail price of other products which we think are unreasonable,” he said, adding, “It’s part of consumer protection under [the] Price Act.”

View article as posted on INQUIRER.net

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Written by joelguinto

ThuUTC2008-10-02T13:34:30+00:00UTC10bUTCThu, 02 Oct 2008 13:34:30 +0000 22, 2006 at 12:45 pm10

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